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Agreement on price cap change

Heather Trudeau
Barclays, ed miliband, energy bills, energy company, energy costs, energy crisis, energy customers, energy market, energy prices, energy regulator, energy retail market, energy suppliers, Energy UK, Finance & Markets, gas prices, Ofgem, Top Stories, UK Government, wholesale energy prices
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Agreement on price cap change Ofgem‘s choice to alter the price cap methodology has made one of its non-executive directors resign. Christine Farnish, a non-executive member of Ofgem’s governing authority Gas and Electricity Markets Authority (GEMA) told The Times that she felt the energy regulator “had not struck the right balance between the interests of consumers…
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Responses from industry to energy pricing report

Heather Trudeau
BEIS Select Committee, Citizens Advice, End Fuel Poverty Coalition, energy bills, energy companies, energy company collapses, energy crisis, energy prices, energy suppliers, Energy UK, Finance & Markets, fuel poverty, gas prices, National Energy Action, Ofgem, Top Stories
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Responses from industry to energy pricing report: The Business and Energy and Industrial Strategy Committee has now released its report closing its inquiry into energy pricing as well as the future of the energy market. MPs have demanded the government to update its energy bill support package to protect customers before the predicted additional rises…
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Profound transition for UK energy sector

Heather Trudeau
Contracts for Difference, electricity, energy costs, energy industry, energy market, energy mix, energy sector, Energy UK, Finance & Markets, Top Stories, UK Government
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Profound transition for UK energy sector The UK’s electricity sector is in a process of profound transition, Energy UK has stated. As the UK needs to cut out the sector’s resting carbon emissions, it also needs to increase domestic power generation capacity to meet electricity needs that is set to boost up by more than…
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Boris Johnson urged to improve energy efficiency policy

Heather Trudeau
BEIS, Boris Johnson, CBI, cost of living crisis, Efficiency & Environment, energy bills, energy crisis, energy customers, energy efficiency, Energy Efficiency Infrastructure Group, energy prices, energy saving trust, energy suppliers, Energy UK, gas prices, heating, insulation, Policy, Prime Minister, Top Stories, WWF
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Boris Johnson urged to improve energy efficiency policy: The Energy Efficiency Infrastructure Group (EEIG) has encouraged Prime Minister Theresa May to prioritise household energy efficiency measures in order to reduce heating costs. In a letter to Boris Johnson, the organisation argued that households with adequate insulation could save £500 per year on energy expenditures. The…
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Major financial stress tests for all energy suppliers

Heather Trudeau
credit balance, Efficiency & Environment, Emma Pinchbeck, energy bills, energy customers, energy prices, energy regulator, energy retail market, energy suppliers, energy supply, Energy UK, Finance & Markets, financial resilience, gas prices, Jonathan Brearley, Ofgem, price cap, Top Stories, wholesale energy costs
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Major financial stress tests for all energy suppliers: All energy suppliers will be subjected to a financial resilience test beginning next month, according to Ofgem. Stress testing on energy firms will begin as part of a package of reform measures announced by the energy regulator today, with the goal of making the sector more resilient…
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UK energy sector announces net zero pledge by 2030s

Heather Trudeau
carbon dioxide emissions, climate change, Efficiency & Environment, energy prices, energy retail market, energy sector, energy system, energy transition, Energy UK, Environment, Finance & Markets, gas prices, grid, net-zero, Top Stories, wholesale energy costs
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UK energy sector announces net zero pledge by 2030s: The UK’s energy sector has now committed to investing in as well as carrying out a net zero power system during the 2030s. Announced in the week COP26 begins, a new document by the energy industry says that there should be no additional investment in a…
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Industry reacts to government’s Heat & Buildings Strategy

Heather Trudeau
Boiler Upgrade Scheme, carbon dioxide emissions, decarbonisation, ECIU, Efficiency & Environment, Emma Pinchbeck, Energy Networks Association, energy saving trust, Energy UK, friends of the earth, gas boilers, gas prices, GMB Union, Heat and Buildings Strategy, heat pumps, hydrogen, IPPR, Low Carbon, net-zero, Policy, Regen, Top Stories
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Industry reacts to government’s Heat & Buildings Strategy: Heating is the top news story today after the announcement from the government of its Heat and Buildings Strategy. The Strategy sets out a path to tackle emissions in homes as well as businesses by incentivising homeowners to switch their gas boilers with low carbon heating systems.…
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In August the energy switches were turned off

Heather Trudeau
electricity, energy bills, energy customers, energy supplier, energy supply, energy switches, energy switching, Energy UK, Finance & Markets
In August the energy switches were turned off: According to the most recent data, energy switching activity took a break last month. According to Energy UK’s electricity switching statistics, 397,827 customers switched suppliers in August. In comparison to August of last year, this represents a 16 percent drop in numbers. According to the data, roughly…
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July’s energy switches have slowed down

Heather Trudeau
Efficiency & Environment, electricity, energy bills, energy consumption, energy customer, energy supplier, energy switching, Energy UK, Finance & Markets, Tariff, Top Stories
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July’s energy switches have slowed down: Energy switching action has reduced pace last month, as reported by the newest Energy UK’s figures. The figures reveal over 452,000 customers switched to a new supplier in July, constituting a 13% reduction in the numbers in comparison to the same month the previous year. The data additionally calculates…
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UK government called to take action on non EV emissions

Heather Trudeau
carbon dioxide emissions, diesel cars, electric vehicle, electrification, Energy UK, EVs, Finance & Markets, Infrastructure, Policy, Transport, zero emission vehicles
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UK government called to take action on non EV emissions The UK government has been urged to introduce a zero emission vehicles (ZEV) mandate to ensure their is a clear path for the increase in ZEV sales. This is one of the recommendations that has been included in a new report by Energy UK, which…
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