big six energy supplier

In a strict move to stop UK energy suppliers from making blunders, Ofgem snapped a huge fine of £260,000 on the small energy company E. It announced the fine on the grounds of unethical behaviour by the gas and electricity supplier. The energy regulator stated that representatives of the UK energy provider E were misleading the customers by claiming to be an independent price comparison service provider. The energy regulator also revealed that the representatives of E used a misleading approach on their door-to-door campaign and were hiding their identity about being the representatives of E. Also, UK energy supplier E was blamed to be so negligent that it did not conduct criminal records checks. This was certainly unacceptable especially when E continued this practice from 2014 to 2017 while still being aware of the entire scenario. The company accepted its mistakes and is ready to pay £260,000 as a […]

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The energy market faced a sudden halt when the Big Six energy supplier British Gas announced the removal of its Standard Variable Tariffs. With such an announcement, energy customers might have started dreaming of cheaper energy bills but this may not work out the same way it seems. UK energy experts suggest that it is the other way round as the announcement may not give the cheapest energy bills to the customers of British Gas. They may benefit a bit but certainly not much. Want to know why? Find out here. Firstly, British Gas would be striking off its Standard Variable Tariffs from April 2018 meaning that the expensive SVTs would be out of picture only after the winter period. Therefore, you still have to pay heavy energy bills in winter and your idea of cheap winter energy bills has conveniently gone. However, you can still switch to cheaper energy […]

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The Big Six energy supplier British Gas lived up to its words and has kicked out Standard Variable Tariffs for its nwww ew customers. According to energy experts, the announcement that will come into effect from April 2018 is a result of the government’s constant pressure to apply energy price cap on SVTs. The Big Six gas and electricity providers were already under scrutiny for earning huge profits from customers on Standard Variable Tariffs and a cap on it was the most obvious solution to combat energy price rises and to dismantle the monopoly of the Big Six suppliers on the energy market. Although, the energy price cap is expected to come in effect from winter 2018 the announcement has shook the energy market especially the Big Six energy suppliers. There was a strong opposition for the energy price cap from the Big Six suppliers but the government seemed unperturbed. […]

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The Big Six energy supplier Npower displays a rather insincere behaviour by allowing its customers to fall into energy debts of up to £1,600. The company does not spot such customers or intervene in order to save them from falling under the trap of paying higher bills. In fact, many of these customers face financial issues and rather need cheaper energy deals so; gas and electricity suppliers like Npower are expected to alert them before they end up in such huge debts. This rather unbelievable trend was observed by UK’s energy regulatory body Ofgem, which pointed out that apart from Npower there are other smaller gas and electricity providers like Utility Warehouse, Ecotricity, iSupplyEnergy, and First Utility that show the same behaviour. These suppliers are observed to allow customers accumulate an average of £800 of debt for electricity. In many cases, the accumulated amount crossed £1,000 before the UK energy […]

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The Big Six Energy supplier SSE suffered a big blow when Ofgem decided to scrap the energy network subsidies. The company suffered a total loss of £150m on energy network projects but still has a reason to keep its head high as it is considered to have one of the highest profit making firms in the retail arm of UK energy supplies. Although, it has warned its investors to be prepared for a knock in the company’s operating profits this year, it still manages to get astronomical profits in power generation and retail energy supplies. The gas and electricity supplier also aces in offering retail services in the fields of metering, broadband, boiler cover, electrical wiring and more. A strong market hold in these fields allows it to enjoy good profits and remain stable amidst such big losses. However, the UK energy supplier does not fare well when it’s about offering […]

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The Big Six Supplier E.On has taken a commendable step towards helping the energy consumers face the chilling winter. Just ahead of the winter the UK energy supplier has offered free insulation of cavity walls and lofts. Unlike others, the gas and electricity supplier has kept the offer open for all; you don’t need to be a customer of E.On to leverage this wonderful opportunity. According to the E.On spokesperson, by insulating cavity walls and loft, an average British household would save around £285 a year. Most certainly, this is a lucrative offer especially when the insulation cost of £775 is bared by the Big Six energy supplier. By grabbing this offer, energy customers can save around £1,000 on their home electricity bills in the first year of installation. In the words of Michael Lewis, the Chief Executive officer of E.On, “By opening the offer up to everyone, no matter who supplies […]

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Independent energy suppliers to hike up prices and blame it on rocketing wholesale energy prices According to the latest buzz, independent suppliers in the UK energy market may face a roadblock and exodus of customers. This is in the wake of the rising prices of wholesale energy and backing it up is the increased barrel prices of oil. Although these are playing underlying roles, smaller independent energy suppliers would face a tough situation as they would be compelled to increase the prices of energy. Until now, the big six energy suppliers faced a tough competition from the independent energy market. However, as the big suppliers purchase wholesale energy in advance that is around a year or two back, they can still push off the price hike. They can sustain without increasing the energy prices but this might not be the case with smaller companies and so, they have to give […]

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