energy company

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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  According to BusinessGreen, George Osborne believes shale gas production could create wealth funds for north of England. A plan to generate new shale gas tax revenue could be deployed as a UK sovereign wealth fund. Ed Davey, energy and climate change secretary, said that the fund could be set-up once commercial production Starts. He said, “It’s about storing the financial benefits of shale production and putting it towards a low-carbon energy future. He went on to add, “Its part of our strategy to strengthen our security of supply in a cost-effective way”. According to a spokeswoman at the DECC (Department of Energy and Climate Change), the fund size will be decided by the scale of resources. She also stated that the benefits to the communities, who host shale gas production, are an addition to the existing on offer – lump sum of £100,000 for each test completed successfully, plus […]

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  Experts at the UK Energy Research Centre (UKERC) have made it be known promises of lower prices were “lacking in evidence” and were “hype”. The Whitehall Treasury Department continued with the emphasis Shale Gas and its potential was “too big to ignore” The UKERC authored report expressed concerns of Shale Gas, which is a natural form gas extracted from rocks deep underground by machine and chemicals (fracking), was at a stage too early to conclude its viability. They went on to further state Shale Gas was unlikely to give a noticeable difference in energy prices experienced by householders or to the security of future supplies. Those that are in favour of fracking point to America and exclaim as the fall in energy prices in the US to where it has now become a net exporter of gas. On the reverse, critics cite the environmental damage and consequence fracking could […]

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  According to the Big Deal, independent energy supplier Extraenergy is set to gain 30,000 new customers after submitting the winning tariff to a collective switching scheme. The supplier, which only launched in March in the UK domestic market, offered customers who signed up to the collective switching scheme a 12 month fixed deal for £949 which is run in collaboration with The Sun. The tariff is “£11 cheaper than the best tariff on switching sites” according to Big Deal and its members could benefit from a reduction of up to £316 on their annual energy bills by switching. “People power has delivered” said The Big Deal co-founder, Will Hudson. He added: “And more importantly it’s delivered for people who have been let down by the energy market for too long.” Energy secretary Ed Davey agreed with the initiative and said it was a “great deal”. “I’ve been pushing collective […]

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  Ofgem has warned Scottish Power that it could face a sales ban unless it improves customer service.</> The company has to improve its customer service in the next three months, if it doesn’t, Ofgem will ban it from all proactive sales activities. Ofgem wants the company to improve on the following 3 key areas: call waiting times; late bills; and Ombudsman complaints. The company must: answer all customer queries promptly; decrease the number of overdue bills from 75,000 to 30,000 by the end of December; and resolve every single outstanding Ombudsman complaint. An investigation has also been launched into the way Scottish Power treats its customers added Ofgem. Scottish Power has had the highest percentage of billing errors among the large energy suppliers according to Uswitch.com. “Ofgem’s action today will drive immediate improvements for Scottish Power customers.’’ Said Ofgem senior partner in charge of enforcement, Sarah Harrison “The investigation […]

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The government is taking action in the energy industry, but what are they and what does that mean for all the consumers? Change in social funding – Social incentives such as the warm homes discount is now getting funded via taxation as appose to energy bills, allowing consumers to receive an electricity rebate of £12 for the next two years. Revision on the Energy Companies Obligations – This has allowed suppliers to contribute less towards green measures such cavity wall insulation, meaning a saving of up to £35 a year. Pushing Electricity suppliers to cut costs – In 2014, this will mean a one off saving of approximately £5. Considering all of the above, this could mean a total saving of £53 less for your energy in 2014. The “Big six” Not all of the big 6 have confirmed their plans to pass on the savings to consumers as negotiations […]

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  With energy prices seemingly increasing every day, heating and lighting your home can seem very expensive. However, by taking ownership of your energy account online you could make a significant saving. Below, we explain how online energy tariffs provide a way to getting the cheapest dual fuel tariff possible. Moving to an online gas and electricity tariff Online energy tariffs take away the cost from the supplier of managing and processing your account. This means the energy supplier saves money and in return offers better rates to its customers. So if you have access to internet and are looking to save a significant amount of money from your bills then an online tariff is a brilliant option. The online tariff will offer you access to your bills 24 hours a day 7 days a week and you will be submitting your own meter readings meaning you only pay for […]

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