With a growing number of energy suppliers these days, they’re finding it harder and harder to distinguish themselves from the rest of the pack. So while the temperatures are dropping and the dark days are drawing in, suppliers are thrashing it out to boost their customer numbers, with advertising at the core of their strategy. […]
£45 million failure for Ofgem energy rules
Another failure for Ofgem as their electricity market reforms fell flat costing energy companies around £45 million. Ofgem implemented new rules to ensure that the largest energy companies are only allowed to trade at pre-determined times during the day. The idea was that it would increase trading and competition allowing smaller players to flourish yet […]
Gas demand to rise 31%. Energy prices surge
As the temperature drops across Western Europe, LDC gas demand is set to rise by 31% over the next week. After a few months of warmer-than-average weather, heating demand has been stilted yet the Met Office advises that colder temperatures are closing in with a surge in demand set to raise gas market prices. “Colder […]
Energy prices rise with blackout threats
As the threat of blackouts become more likely this winter, UK energy generators could be taking advantage of the opportunity to inflate market prices to astronomical figures. National Grid will be calling upon reserve capacity and back up power plants this winter to ensure a secure power supply for the UK. Wholesale power prices typically […]
Nolan backs new Ofgem comparison site rules
Dermot Nolan, CEO of Ofgem has backed up the new rules set out earlier this year with regard to price comparison websites (PCWs). Ofgem amended its Confidence Code, ensuring that all PCWs now provide a “whole of market view” of tariffs, rather than hiding some suppliers or deals with the view to restoring customer confidence. […]
UK fracking on the rise but not in Scotland
It seems that government backing has helped to ramp up fracking planning as applications have risen. Ken Cronin, chief executive of UK Onshore Oil and Gas (UKOOG) has announced that he has “seen a significant increase in applications happening around the UK over the course of the last two or three months”. David Cameron has made […]
Check energy appliances for Gas Safety Week
In light of the recent Gas Safety Week, we wanted to raise awareness of gas safety and the importance of taking care of your gas appliances. While busy running a business, it can be easy to forget or delay the annual business gas appliance check. We take it for granted that our boilers, cookers and gas fires […]
Low gas prices thanks to mild start to October
While we’re all enjoying some Autumn sunshine, the mild weather has ensured that short-term gas and power prices are set at historic lows for the winter season. The demand for gas and heating will be low thanks to warmer temperatures seeing the UK gas imports in abundant supply, driving the gas and power prices down. […]
More energy customers switching supplier
Energy UK has recorded the highest number of switches this year for a July since it started records. Looks like consumers are finally taking notice of the energy market amongst high-profile publicity in the press and a government campaign. The energy market has been under close scrutiny with the general elections and recent CMA investigation […]
Plummeting oil and gas demand leaves Russia in trouble
Russia is in financial difficulties and has slumped into a depression after gas and oil revenues have decreased dramatically. Russian gas giant Gazprom’s revenues are due to drop by a third after European demand has plummeted leaving the Russian economy in a precarious position. Bad news for the eastern country with shoplifting already on the […]