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What really pushes up energy prices
06 Sep 2011 | Filed under: Energy News, NewsIf you’re fed up with rising energy bills, there was yet more bad news today. A report in the Telegraph reveals that the government’s energy policies will boost energy bills by a further 30% over the next decade. The only positive thing one can say about this rise is that at least it’s clear why [...]
Energy industry regulator Ofgem has stepped up its investigation into how the top UK energy suppliers make their profits
01 Sep 2011 | Filed under: Energy News, NewsThe Office of Gas and Electricity Markets (OFGEM) has hired forensic accountants BDO to scrutinise how the top UK energy suppliers make their profit. BDO will look at the trading profits, wholesale prices and hedging practices at British Gas, E.ON Energy, EDF Energy, Npower, Scottish & Southern Energy and Scottish Power. The involvement of BDO [...]
Five green taxes on industry to raise electricity price by up to 58pc
30 Jul 2011 | Filed under: Energy News, NewsThe Government has acknowledged it will have to prop up struggling British industry hit by five green taxes that are forecast to add between 7pc and 58pc to electricity prices. Businesses are facing huge uncertainty after the Government’s new forecasts, which show a wide range of possible price increases in different scenarios. Read the full [...]
Rising energy costs fuel concern
25 May 2011 | Filed under: Energy News, NewsRISING energy costs are of greater concern to manufacturers than labour costs, falling consumer spend and the administrative burden of regulation, according to a survey by the Institution of Mechanical Engineers. Read more from walesonline here…..
Energy prices ‘could at least double’ over the next decade
20 May 2011 | Filed under: Energy News, NewsEnergy prices could more than double over the next decade, a Welsh economist has warned, as fears were raised of a fresh round of price hikes this year. British Gas owner Centrica yesterday said the wholesale price of gas and power for delivery next winter is around 25% higher than last year, but the price [...]
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- What really pushes up energy prices
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