News
Energy UK responds to Ofgem’s price cap announcement
Responding to Ofgem’s announcement that it is raising the level of the default price cap by £117 for an average household, Energy UK’s chief executive Lawrence Slade said: “Nobody takes the decision to increase prices lightly, but Ofgem’s announcement today...
Industry voices give mixed reaction to Ofgem price cap rise
Industry voices have given a mixed reaction to Ofgem’s announcement that it is to raise the default price cap on standard variable tariffs (SVTs) by £117 to £1,254 a year. The price cap for pre-payment meter customers will increase by £106 to £1,242 a year for the...
Water bill rise sparks call for greater support for vulnerable
The average household water and sewerage bill in England and Wales for 2019-20 is set to rise by 2 per cent for a second year. Bills will be £415 on average – a below inflation rise of £8 compared with the figure for last year, Water UK confirmed today (6 February)....
Around 300 customers ‘slipped through Ofgem’s safety net’
Around 300 customers of defaulting energy providers have effectively slipped through Ofgem’s safety net after the supplier of last resort (SoLR) process was not invoked. Industry sources told Utility Week they had identified the “supplier-less” customers of companies...
Swansea Bay tidal lagoon backers revive plans
Plans for Swansea Bay’s groundbreaking tidal power project have been revived with its backers claiming it can be built without public financial support. The UK government announced last summer that it would not support Tidal Lagoon Power’s (TLP) plans to build its...
UK carbon emissions down 37% since 1990
Annual carbon emissions in the UK fell by more than 37 per cent between 1990 and 2017 to 373 million tonnes, according to new figures from the Department for Business, Energy and Industrial Strategy (BEIS). Greenhouse gas emissions, which also include methane, nitrous...
CMA to review prepayment price cap
The Competition and Markets Authority (CMA) has decided to review the order it issued imposing a price cap on prepayment tariffs. The review will consider whether the order should be revoked or altered in light of several changes in circumstances, namely the slower...
Ofgem expected to raise price cap on default tariffs by £100
Ofgem is expected to announce a significant increase to its price cap on default tariffs on Thursday (7 February). A number of industry analysts predict the price cap, which came into effect on 1 January 2019, will rise by around £100 from the current level of £1,137....
National Grid recommends £59.8m investment for 2019/2020 period
National Grid recommends an investment of £59.8 million across 25 asset-based projects this year. In its Network Options Assessment for 2018/19, it says this investment, which is higher than last year’s, would allow it to maintain the option to deliver projects...
Thames Water takes action to protect customers from freezing conditions
With a Met Office weather warning for snow in place over the coming days, Thames Water is reassuring customers action has been taken to keep the taps running. Following the Beast from the East last year, the UK’s largest water company has implemented a range of...