Ofgem fines SSE £2m over disclosure breach

The gas and electricity regulator says the company has delayed publishing information which could have had a ‘significant effect’ on wholesale electricity prices

Power NI cuts electricity prices by 9.2%

Power NI has announced it is cutting electricity prices for homes and small businesses by 9.2%. The company said the cut would mean the average household would save £50 a year while small businesses could see savings of up to £200 a year. Power NI was able to introduce the price reduction – which will […]

Industrial gas prices a fifth lower than last year

Gas prices for industrial users were on average a fifth (19%) lower in the third quarter of 2014 than a year ago, according to government statistics released today. DECC said UK industrial gas prices (including tax) were also amongst the lowest in the EU15, the group of mostly Western European countries. It was a different […]

US sees 3.2% rise in electricity prices

Residential electricity prices in the US averaged at 12.3 cents per kilowatt hour (KWh) in the first half of 2014, according to the Energy Information Administration (EIA). It increased by 3.2% this year compared to the same period in 2013 – the highest year-over-year growth for the first six months of the year since 2009. […]

Guest Blog: Filippo Gaddo – small firms suffer most from seesaw energy prices

Energy prices are always a touchy issue – but nowhere more so than in small firms. Predictably changes in residential prices always carry big headlines and sometimes the impact of high prices on large businesses’ competitiveness grabs the limelight. Rarely is attention paid to how small businesses cope with rising prices – but small businesses […]

Energy users can now look longer-term for savings

Forecasts of rising electricity prices in the years ahead have led to the launch of a new service to help large users lock-in significant long term savings. A team being established by SmartestEnergy, the leading purchaser and supplier of electricity from the independent sector, will focus on facilitating Linked Supply agreements between consumers and generators. […]