Consumers still don’t trust energy suppliers, research reveals
Energy suppliers have not really managed to do anything about winning back the customers' confidence, a new research report has revealed.
22% of British home owners “can’t be bothered” on energy efficiency
Although they're not happy with their ever growing energy bills, up to 22 percent of British home owners “can't be bothered” when it comes to implementing energy efficiency measures, a new market research study carried out my energy company npower has revealed.
Dual fuel bills could reach £3,000 a year by 2020, industry experts warn
Average dual fuel bills might reach a staggering £3,000 a year should the current trend in energy bill hikes continue, industry experts forecast.
Largest 1 day jump in oil price
As we told you on this site in August, nobody in the northern hemisphere is using heating oil in summer, so it was not surprising the price of oil slumped to below $100 a barrel last week amid fears of a world trade slowdown and low demand. However, yesterday saw the biggest one-day jump in the price of oil, going up by over $16 to finish at more than $120 a barrel, the biggest one-day jump ever recorded.
Gas and electricity rises means it’s time to reduce heating costs with Heating Save
Scottish Power and Npower have followed the other utility companies with massive price rises in gas and electricity, with gas up by around 34% and 26 % respectively and electricity by 9% and 14%. All price rises are effective as of this week and neither firm has ruled out further price increases citing increased wholesale prices as the reason for the large increases.
Another hurricane pushes up oil prices
Crude oil prices were on the rise again yesterday, trading above $100 a barrel. Prices had dropped significantly after the summer peak of $147. It is thought that the slowdown in global economic activity and the increased output from countries like Saudi Arabia had been the main reasons for the decline; coupled with low demand during the summer months for heating oil.
Gas and electricity prices in Britain have climbed twice as fast as the EU average
Gas and electricity prices in Britain have climbed twice as fast as the European Union average, according to new figures released on Wednesday.Gas and electricity rose by 29.7% in the past year, compared with a 15% increase for the EU. The Organisation for Economic Co-operation and Development (OECD) statistics showed that German customers experienced a 12.2 percent price increase while their French counterparts saw their energy bills shoot up by 14 percent.
British Gas raises gas prices by 35%
Owners of British Gas, Centrica, have posted profits of £5m a day but despite this raised gas prices by 35% on Wednesday. Age Concern has warned that many pensioners will be unable to pay their winter fuel bills.As gas and oil production in the North Sea falls and the world wholesale prices continually rise, it will difficult for many hard-pressed consumers to save on their heating bills just by shopping around for the best supplier.
Fuel bills vary depending on where you live
The increased cost in home heating recently as EDF Energy and British Gas put up their prices has not been equal across the UK, with some areas seeing bigger increases than others. Both companies claim that costs such as transportation have increased dramatically and in some cases now accounts for around 14% of the average central heating fuel bill.
More households fall into fuel poverty
Official government figures show almost 3 million vulnerable households have fallen into lnerable households have fallen into “fuel poverty” in 2006, showing an increase of 700,000 over the 2005 statistics. Fuel poverty is defined as households who spend more than 10% of their income on fuel.