One of Britain's largest energy suppliers, could be on course to a £1bn bonanza every year for the next three years. Under an immensely controversial government draft auction which commences on Tomorrow the 16th December 2014 will blanket all of EDF’s present coal and nuclear power plants. As you would expect the scheme has come under substantial censure in due...
Energy regulator Ofgem forecasts the so called big six energy firms to double their profit margin into next year. It was only this time last year that Ofgem predicted that energy suppliers would make up a pre tax profit of £53 per household built up by a margin of 4%. Although in the coming year they anticipate energy companies to...
Very recently the National Grid published details on their future energy scenarios guide which director Cordi O'Hara, believes can be used as a very useful instrument by the industry in particularly harsh times. Energy have very much been under the spotlight in recent times with every maneuver companies making intensely scrutinised. Whilst many have suggested what the National Grid perhaps should...
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...
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...
Many UK home owners today expect energy access via a flick of a switch. It keeps our fridges cold. lights illuminated and homes warm. Yet rarely do we ask the questions how does it reach us? where does it come from? and why is it becoming so expensive? Our domestic power Comes from two main sources - electricity making up...