MEPs approve rules for EU involvement in energy deals

EU Member States must inform the European Commission of their energy deals with third countries before opening negotiations. Member of the European Parliament (MEPs) approved the new rules by 542 votes to 87, with 19 abstentions. Currently, Member States are required to submit energy agreements to the Commission only after they’ve signed them off. Under […]

Thousands of consumers to get a better energy deal

Thousands of householders are expected to switch suppliers as they join together for an auction of energy deals tomorrow. The government-backed schemes – the Big Community Switch and the Big London Energy Switch – are being managed by 77 local authorities, including 23 London boroughs and will according to Ed Davey,  “force the Big Six […]

‘Millions miss better energy deals by not switching’

Millions of people could be missing out on better energy deals because they’re put off from switching, it was claimed today. Research by trade body Energy UK suggests persistent common myths stop people from changing energy providers. Out of the madcap myths, almost a fifth of people thought suppliers needed access to their home (16%), […]

Ofgem to manage code of practice for energy comparison sites

Ofgem has now taken over management of a code of practice used by energy price comparison websites for households. Managed by Consumer Focus since 2008, the Confidence Code ensures that websites accredited through the code have to make sure that prices they quote for energy deals and information given about the offers are done in […]

Shale gas boosts US energy deals in 2011

The total value of US oil and gas mergers and acquisitions (M&A) has increased significantly in 2011, according to PwC US. The analysis suggested it was due to continued investment in US shale gas infrastructures and continued interest from foreign buyers in the energy industry. Last year there were 191 deals worth an estimated $186.5 […]