gas and electricity suppliers

The energy sector faced another shock when small energy supplier Future Energy collapsed. The gas and electricity supplier famous for offering cheap energy deals went kaput last week leaving its 10,000 customers at the mercy of Ofgem. However, the energy regulator was quick to respond to the matter and promised the customers to assign new and reliable UK energy supplier to them. Ofgem has fulfilled its promise within a week and has appointed Green Star Energy to take charge of Future Energy. In addition, Green Star Energy is offering same price for fixed and variable tariffs to the Future Energy customers. This saved them from any shock and the tariffs would remain same till 30th Sept this year. Green Star Energy would pay all outstanding credit balances to current and past customers to ensure that they feel safe with their new energy supplier. To get refund of their credit balance, […]

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The disaster has stricken again as another small energy firm Future Energy goes out of action. The gas and electricity supplier with around 10,000 customers in the north east and Yorkshire has stopped trading as announced by Ofgem today. This is another case of a small energy supplier in UK going out of business. It just raises the question whether customers should choose small or medium energy suppliers or not. Energy regulator Ofgem comes to the rescue of the 10K customers who buy cheap electricity and gas from Future Energy. Ofgem asks the customers to have patience and assures that it would allocate a stable energy supplier for them within the next two-three days. The best part is that Ofgem’s safety net scheme helps the customers to get uninterrupted energy supplies. Hence, customers of Future Energy need not panic. In the meanwhile, customers are asked to not switch energy supplier […]

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Winter months can actually leave a big hole in your pocket because of the ever increasing energy bills. One way to save on winter bills is to get the Winter Fuel Payment, which is an allowance given to people who cannot manage to pay utility bills especially senior citizens, job seekers, disabled people, widows etc. You need to match the eligibility criteria for the Winter Fuel Payment in order to get the cheapest energy bill during the winter season. Talking precisely, the Winter Fuel Payment scheme offers a tax free payment of between £100 to £300 to UK citizens born on or before 5 August 1953. The idea is to offer them a heating allowance to keep their homes warm and heated during the cold season. They are paid between £100 and £300 depending on their age and other qualifying factors. This is a huge benefit and helps make huge savings on […]

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Getting cheaper energy bills may seem like a far dream to many but it is actually possible if you are ready to pay a bit of attention to details. Energy experts like the Energy Saving Trust and many others recommend some quick tips to save energy bills especially in the winter. Follow them to make a drastic cut down on home energy bills. You need to be extra careful in order to save more and spend less on energy this winter. Let us check out the energy saving tips and see how they work out for you. Energy saving tips for UK households: Keep an eye on your energy supplier! Firstly, you should keep a keen eye on your energy supplier. You must know that you are on the cheapest energy tariff. If not then ask your supplier to make you switch to the cheapest energy tariff. Normally, the UK […]

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MPs grill UK’s biggest energy supplier British Gas on lack of effort to contact customers to convince them to switch from Standard Variable Tariff to cheaper energy tariffs. Followed from the interview, the British Gas chief confessed that the company has not contacted its SVT customers for enough number of times to convince them to switch to cheaper energy tariffs. The committee decided a hearing on the Government’s proposed energy price cap plans and realized that many UK energy suppliers especially the Big Six gas and electricity suppliers are not contacting their customers the way they should. The company confessed this lack of effort from their end in a Commons committee hearing with MPs. Centrica chief confirmed that its child company British Gas has contacted customers for six times a year while it could do it for more number of times. British Gas has around two third of customers on […]

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The Big Six energy suppliers throw clear warning that energy price cap would have a straight effect on the smart meter roll out as companies facing losses won’t be able to invest in government initiatives. They also hinted that the energy price cap would be responsible for lower investment in the energy sector. As per two of the biggest energy suppliers in UK, energy companies would not be able to invest millions on smart meters if they are going through losses due to energy price capping. British Gas and E.On Energy submitted a report to the Business, Energy and Industrial Strategy (BEIS) committee which stated that “We believe the price cap will damage the roll-out of smart meters and may reduce the total number of meters installed.” British Gas pointed out that if the energy price cap is marked too low then gas and electricity suppliers would not be able […]

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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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