Big six energy firms to face MPs following price hikes Bosses of British Gas, SSE, and npower and other suppliers called to explain to energy committee rises, pricing and profits.
SSE raises energy prices by 8.2% – adding £104 to average annual bill Energy company blames rise in government levies on energy bills, network upgrade costs and higher wholesale prices.
Ed Miliband’s energy price freeze wins backing of consumer groups Labour leader’s speech welcomed by several organisations, who say the plan has ‘exploded assumptions’ about the market.
Centrica and SSE continue to slide on Labour plans as markets slip on US concerns Energy companies under the cosh again, but investors continue to worry about US debt ceiling.
Energy sector should face independent review, says Which? Consumer group says big six power providers should not control both power stations and retail supply businesses.
Scottish & Southern Energy predicted to announce profits of up to £1.4bn at a time when many are struggling to pay their bills Accusations that the big energy firms are profiteering at the expense of UK households will be centre stage again on Wednesday if Scottish & Southern Energy, as expected, reveals bumper profits for […]
Energy supplier used ‘misleading scripts’ and failed to give ‘accurate estimates and comparisons to customers’ The activities of large energy suppliers were under the spotlight again on Friday when Ofgem, the industry regulator, confirmed that it would levy a £10.5m fine on SSE for mis-selling. The penalty, the largest the watchdog has imposed, was levied […]
Regulator to look at why British Gas, SSE and Scottish Power failed to reach carbon reduction targets British Gas, SSE and Scottish Power are among six energy firms to be investigated by the energy regulator Ofgem after failing to deliver enough energy efficiency measures to UK households. Under the Carbon Emissions Reduction Target (Cert), legislation […]
Sign up to the Money Talks weekly email for all the latest news The end of the tax year is looming and it’s time to make sure you’ve made the most of your annual Isa allowance. You’re cutting it fine if you haven’t, but some providers are accepting applications right up until midnight on Friday. […]
Another investigation finds that members of the public have been told bare-faced lies by an energy firm touting for custom When even the energy regulator accuses one of the companies under its supervision of a “woeful catalogue of failures”, it’s worth paying heed. And Ofgem is right: its report of how tens of thousands of […]