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1/3 Brits are eager

£20.9bn to uphold grid capacity

£20.9bn to uphold grid capacity Ofgem has today planned for a gigantic £20.9 billion package as part of an leading five-year vision for building viable and economical regional grids. The investment will be split between 6 companies – Electricity North West, UK Power Networks, Western Power Distribution, Northern Powergrid, SP Energy Networks and Scottish and…
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1/3 Brits are eager

Link between energy prices are temporary

Link between energy prices are temporary Linking electricity and gas costs can’t be the case forever. That’s the approach from the Business Secretary who discussed earlier during a session of the Business, Energy and Industrial Strategy Committee about the government’s plans to provide further support for customers struggling to pay their energy bills. “One of…
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1/3 Brits are eager

Japanese advised to turn off lights for saving energy

Japanese advised to turn off lights for saving energy: In order to save energy, millions of people in Tokyo have been told to switch off lights as Japan is struck by a heatwave. Japan had soaring temperatures for a 4th consecutive day as Tokyo’s heat broke almost 150-year records. In the capital, the temperature rose…
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1/3 Brits are eager

Payments made to households using energy off-peak

Payments made to households using energy off-peak Homes across the UK may be soon paid to use less energy at peak times. The scheme begun by National Grid aims to boost the grid’s resilience, stop the danger of blackouts and slash household carbon dioxide emissions. The initiative is made to set up families with smart…
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1/3 Brits are eager

Energy error may cause job cuts

Energy error may cause job cuts A primary school in Liverpool has informed there could be job cuts after the local authority’s failure to conduct responsibly a major electricity contract. The previous month, the local authority could put in £26 million on total energy bills after a mistake made when officials had not been acquainted…
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1/3 Brits are eager

Late payment fees on energy bills introduced

Late payment fees on energy bills introduced Millions of ScottishPower customers have been informed that their energy bills may be alot higher if they delay paying them. The energy supplier has introduced a late payment fee as energy prices hit record levels and expansion hit a 40-year high. It has been announced that the new…
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1/3 Brits are eager

Huge renovation of UK electricity market

Huge renovation of UK electricity market Boris Johnson has signalled the largest renovation of the UK’s electricity market since its privatisation 30 years ago. Speaking on BBC Radio 4’s Today programme, the Prime Minister stated: “At the moment, one of the problems is that people are being charged for their electricity prices on the basis…
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1/3 Brits are eager

A further bad record on energy supplier switching.

A further bad record on energy supplier switching. Last month, energy switching hit another negative record. The latest figures issued by ElectraLink display almost 91k switches concluded in May. The report suggests, this is the second all-time monthly low in 2022, after 94k adjustments of supplier (CoS) successfully finished in January. In the last few…
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Protection measures for customers credit balances.

Protection measures for customers credit balance. The boss of Octopus Energy has slammed proposals to ringfence energy customers’ credit balances. On Monday, the regulator set out measures to protect customers balances and improve the resilience of energy retailers. Since the start of the energy disaster in September last year, 29 energy suppliers have gone bankrupt…
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1/3 Brits are eager

£2.7bn needs to be paid for energy supplier collapses

£2.7bn needs to be paid for energy supplier collapses Customers will more than likely wish to shoulder the £2.7 billion cost made by companies that exit the market in the recently past months. That’s one of the findings of a brand new report by the National Audit Office (NAO) which indicates Ofgem’s approach to licensing…
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