energy suppliers

The energy market is facing extreme pressure as the Prime Minister announced the draft law last week. Following closely is the industry energy regulator Ofgem which threatened to take action against suppliers that don’t move customers from expensive SVTs. It has ordered the power companies to pace up action to shift customers from Standard Variable Tariffs into cheaper energy deals. As around two-thirds of customers are on SVTs, it is forcing suppliers to take quick action to suffice the call of the hour. Ofgem accused British Gas and SSE, the two Big Six energy suppliers with the highest number of customers on SVTs, of going slow in their action. Dermot Nolan, the Ofgem chief executive told MPs that “They have not made progress or initiatives in the way that perhaps some other companies have announced.”  In response to the idea of setting fixed targets for these UK energy suppliers he said that […]

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The UK energy regulator is in no mood to pardon energy network operators who made higher revenue than expected. In a rather shocking announcement, Ofgem made it clear that it will be deducting £200m from the allowances of energy network operators. It cleared the air by declaring that the aim is to direct the deducted amount to fund grid upgrades and fresh energy projects. The rather shocking and untimely announcement was made as a result of an observation, which suggested that many network companies did not stick to the plans made between 2010 and 2015. They spent less then expected on power distribution plans giving Ofgem a chance to deduct their allowed revenues from customer bills. Ofgem made it clear that as the energy companies acquire the distribution cost from UK energy bills, they must execute the pre-decided plans for energy distribution or shall be prepared to let go of […]

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There is no denial that major part of the household budget in the UK is occupied by gas and electricity bills. Therefore, if you plan on getting the cheapest energy bills then you can certainly manage, maintain and cut down on household budget. However, the issue of price rise has made it so significant that the government and Ofgem are advocating the energy price cap as the best solution. As the government has failed to announce any kind of energy cap it becomes imperative that the customers figure out a solution for saving on energy bills. Here are some of the peak reasons why UK energy customers are miles away from getting cheap energy bills. This is an interesting study by various energy experts who suggest that the top five things that prevents UK energy customers from getting the cheapest energy bills. Top five reasons that prevent cheap energy bills […]

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  Business (Commercial Electicity) electicity suppliers / Business (Commercial Gas) Gas suppliers. Compare business (commercial) electricity and gas at FreePriceCompare.com and save up to 80% off your Electricity and Gas Bills. At FreePriceCompare.com, you can compare commercial Energy solutions for SME’s & corporate businesses. In a nutshell, we offer a FREE, INDEPENDENT and IMPARTIAL service to help business owners find the cheapest business energy tariffs. Typically our average business owner saves between 40-50% off their Utility bills, and on certain occasions as much as 90% off their renewal quotes. Our business customer can save up to £2100* off their utility bills. So, give our free to use, no obligation service a try, by calling us on 0203 4757 476 or alternatively fill out the contact form on the side panel and one of our friendly energy advisors will get back to you. If you’re looking to get cheap business electricity […]

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Energy regulatory body Ofgem will be investigating claims that one of the leading energy suppliers SSE has been leveraging its market dominating position to reduce competition and unbalance the scales of business. The new connection market is valued at roughly £500 million annually and plays a large part in the successes and failures of the energy industry In the UK. The investigation is based on how new customers choose where their electricity and gas will be coming from. New housing developments have a choice over who they wish to supply them, but larger energy suppliers can create monopolies around these contracts. Another issue is customers being unaware which parts of their energy supply must be handed by a certain supplier, and which can be given to a supplier of their choice. This frustration of competition may even be costing the customers more, as well as preventing businesses from transacting fairly. […]

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Last year, Ed Miliband promised that he would freeze energy costs for 18 months should he come to office. Recent events have made this a rather unfortunate claim. Energy prices are at a very low mark, wholesale prices of gas and oil are dropping and are at their lowest in 4 years. Some of the largest energy suppliers have started to pass on these wholesale price cuts to their customers, with decreasing annual dual fuel bills and it’s starting to look positive for home-owners in this cold winter. And so, with Miliband having promised to freeze prices, in the expectation that they would continue to rise and would be a cause for great concern, it has now hugely backfired and led to Labour claiming they meant ‘Cap’ not ‘Freeze’. No-one seems to be buying it and Miliband and the rest of the Labour party have been left looking a little […]

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Much has been made of the recent drop in the wholesale price of gas and oil. The UK is currently experiencing the lowest wholesale prices since early 2011. However, much of these savings are not being passed on the customer. What’s more, in the last three years (despite a steady drop in prices), the average energy bill has risen 13%. In the meantime, European energy bills have been dropping 0.5% annually despite similar wholesale conditions.  One of the main difficulties is the hold that the larger energy suppliers exert over the market. With the largest 6 energy companies providing up to 90% of all the energy in the UK, it can be very difficult to put pressure on them to bring down prices. A bright point in the debate has been the recent polling showing how the smaller independent energy companies like Ecotricity and Good Energy are held in good […]

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