The UK energy market has been immensely under the spotlight over the past year, with Ofgem today announcing that the industry is to under go an entire investigation from the Competition and Market Authority. Although this has been on the running since March earlier this year it has only today been made official. But we have to ask the question...
The waters which surround the party island are currently a world heritage site. With politicians, tourist chiefs and conservationists all adamant that the plans to drill in to the sea must be stopped. Whilst Ibiza is well known for it's party atmosphere, hosting a cluster of world famous clubs and attracting over 600,000 UK citizens each year, Ibiza is in fact also home...
Finally, efforts to provide more control to consumers with their own energy providers and tariffs has been fruitful. From an agreement by the regulator Ofgem and energy suppliers it will now be possible to switch energy providers to just 3 days with a 14 day cooling off period. Surely this will encourage consumers to switch more regularly meaning lower costs and reduced...
The leading consumer group Which? has warned the secretary of state for energy and climate change Ed Davies that his proposed green energy subsidy scheme may not be true value for money, which encourages higher cost energy projects such as off shore wind farms. Which? group recently wrote a letter to treasury officials reflecting growing concerns about expensive generation projects being prioritised over far cheaper and...
Energy regulator Ofgem claims that the wholesale energy price for electricity and gas are 23% and 38% cheaper in comparison to this time last year. The big six have come under scrutiny from both the regulator and consumer groups to cut energy prices after a dramatic decline in wholesale costs. It's concerning that even with the plummet in wholesale prices, the big six...
Earlier today Friends Of The Earth reported that chancellor George Osbourne has in fact handed out £2.7bn in incentives to the big polluters of large oil and gas companies located in the North Sea. Economics Campaigner at Friends of the Earth David Powell said: "The Chancellor falls over himself to claim renewable energy is expensive, while bending over backwards to offer oil...