The energy industry regulator, Ofgem, have instructed E.ON to pay its customers £12 million after an investigation into mis-selling. This is the largest penalty ever paid by a UK energy supplier to date, and is likely to much higher when compensation payments are fully factored in. The main reason for the penalty was cited as "extensive poor sales practices" both on the doorstep and over the telephone by its staff.
Tagged with 'ukenergy'
With the conservative Government proposing a cap on onshore wind farms and offshore wind farms booming in recent years, wind energy at the top of many people's agendas. Whether you're a supporter or not it's now time to take wind power seriously, and those who have invested in energy efficient appliances and lessened their dependency on gas are excellently positioned to benefit long term.
A new report was released today which highlights the demand for fracking in the UK, suggesting that 50 new land-based drilling rigs should be set up in order to capitalise on it. Supporters have talked of the £33 billion the rigs could generate as well as the 64,000 jobs that would be created. How do the pros and cons of fracking in the UK stack up?
The European Wind Energy Association have recently accused Britain's attitude toward wind power as being "negative". The leading green energy body fired out the criticism earlier this week from Brussels, in a comment which is likely to be an unofficial response to the Tory idea of a placing a cap on the number of wind farms. So what do Britain's wind prospects look like in the long term?
These days, all we need to do is flick a switch at home and we have instant access to energy. Energy helps to keep us nice and toasty, keep our food chilled and keep the lights on, but we rarely sit and down and question exactly where our energy comes from do we? As prices creep forever upward and consumers become more concerned with energy efficiency at home, it's high time we began to understand what it is that's keeping the lights on.
Understanding what actually makes up the charges on your quarterly bill can offer up some interesting ideas and insight into how politics is affecting the money in your pocket, but there are thee key reasons that energy bills continue to rise in the UK, and we've summarised them here.
A new report has surfaced this week which indicates that the UK already has enough green energy to meet its renewable EU targets. All of the wind, biomass, solar and other renewable energy projects which are built (or have planning permission) will generate enough energy to meet the 2020 figure of 15%.
The results of Ofgem's long awaited report are out, and in it they call for an investigation by the Competition and Markets Authority (CMA) into the UK energy market. The main focus of the investigation will be whether the big six energy companies are stifling the market, preventing smaller companies from rising and generating some much needed stimulation and competition. So what does this mean for bill payers and consumers?
SSE, one of the big six energy suppliers have today announced that they will be freezing prices for all of their customers until 2016. The freeze covers both gas and electricity prices and will be a welcome relief to many households who have been anxious about the energy companies' recent price increases. SSE were the first of the big six to put up their prices at the end of 2013 and this recent move has been met with open arms from energy regulators and watchdogs. But what's behind all this?
Recently there's been some debate over Scotland leaving the UK and how this may affect the energy infrastructure as a whole. Some have argued that the UK will do just fine without Scotland, shopping around for the best deal, whereas other have argued that the UK's energy infrastructure will experience severe difficulties without their help. Currently the UK subsidise Scotland's renewable energy projects - will this continue if a YES vote is reached for independence?