Ofgem asks energy suppliers to return up to 400m pounds from closed accounts
Ofgem, the energy market regulator, is calling on large suppliers to make sure money is returned to their former customers after their in-depth analysis revealed that these companies hold more than £400m in credit from closed accounts.
Ofgem’s fair trading rules for energy suppliers to come into force by the end of March
The energy market is heading towards a pretty significant shake-up in just a month's time, when Ofgem's new rules that will force the six largest suppliers and the largest independent generators to trade fairly with independent suppliers in the wholesale market come into force.
Community energy switching scheme approaching deadline fast
A community energy switching scheme designed to help participants lower their bills by getting the best possible deals is nearing its deadline, a media news report on this topic has revealed.
Energy-related expenses are still a major negative issue for UK manufacturers
Energy-related costs are still putting off UK manufacturers, a new market research report released by industry body EEF has recently revealed.
Millions of customers could get compensation after being overcharged by faulty energy meters
Up to 3.9 million households across Britain may be eligible from compensation by energy suppliers if their meter clocks were faulty, a new media report suggests.
Shale gas fracking will help cut carbon emissions, UK Chancellor argues
UK Chancellor George Osborne has re-asserted his beliefs that climate change is a real phenomenon caused by human activity, but also added that the moves to mitigate its impact should be done “in the cheapest possible way”, a media news report has revealed.
British Gas profits go down by 6% compared to previous year
British Gas owner Centrica has just revealed that its residential energy arm has managed to achieve an overall profit of £571m, down 6% compared to the previous year.
Energy suppliers to provide direct debit refunds to customers in credit
British energy customers who are in credit with their suppliers will be offered direct debit refunds following negotiations chaired by Energy and Climate Change Minister Greg Barker, the DECC (Department for Energy and Climate Change) has recently revealed.
British employees are much more energy-conscious at home than at work, survey suggests
More than half of British employees admit to be very energy-conscious at home, while just around 20 percent are ready to say the same as far as their workplace is concerned, a new survey by OnePoll and Rexel has revealed.
Consumer group slams UK energy market in damning report
The UK's energy market is “broken” and should go under a full competition inquiry as a huge number of consumers complain about the level of service provided by the “Big Six” energy suppliers, a new damning report by consumer group Which? has recently revealed.