March 02, 2009

EBICo reduce gas and electricity prices

EBICo, the not for profit gas and electricity supplier has announced a reduction in their gas and electricity prices with effect from today.

The reduction in gas prices is 2.52% and this applies in every region.

The reduction in electricity prices averages 7.74% across all regions, the best reduction is in the Southern Electric region where the reduction is 9.62% and the worst in Scottish Hydro Electric's area where the reduction is only 4.49%

EBICo previously adjusted their prices on the 30th September 2008, at that time it was an increase.

The latest prices are shown on the Energylinx website with immediate effect.

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Posted at 10:26 AM Technorati: Energy Prices

February 06, 2009

Scottish and Southern Energy, domestic energy price cut

Scottish and Southern Energy have today, 6th February 2009, announced a price cut across its domestic electricity and gas tariffs that will see the average prices for customers fall by 9% on electricity and 4% for gas.

The price cut will apply to existing customers from 30th March 2009. This is the second major energy supplier to reduce domestic energy prices within the last few weeks.

At this time of year any price cut will be welcome boost to consumer finances. From Jan 2003 to Jan 2009 we have seen an average price increase in domestic gas prices of 169%. This has taken the average gas bill from £309 per annum up to a staggering £833 per annum.

In 2008 alone, we saw the average price of domestic gas increase by 49% across all suppliers throughout the UK.

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Posted at 08:17 AM Technorati: Energy Prices

January 29, 2009

first:utility makes Smart Meters available for free

first:utility previously known as first:telecom have been an established competitive telecoms provider since 1994. At the latter part of 2008 they launched into the UK energy market, in itself a major feat, but they did so with a difference.

As an industry first they are fitting Smart Meters to every single customer whenever they transfer to them and with immediate effect are doing so for free.

By investing in smart metering with Automated Meter Reading Technology for all our business and residential customers, first:utility provide the benefits of consistently accurate and timely billing, on-line half hourly consumption values, historical customer profiles and alternative tariffs not available from the traditional incumbent suppliers.

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Posted at 12:10 PM Technorati: Energy Prices

January 22, 2009

British Gas 10% price cut!!

British gas has announced today that it will cut gas prices by 10% from 19 February 2009. The reduction will apply to all customers on British Gas' standard tariff, benefiting more than 7.5 million homes.

British Gas is already one of the most competitive suppliers across the UK with their flagship WebSaver 1 tariff launched on the 18th December.

The cut in gas prices of 10% by British Gas will save a typical customer on their standard domestic tariff around £79 per year.

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Posted at 07:42 AM Technorati: Energy Prices

November 03, 2008

Bizz Energy now in administrative receivership

Worcester based Bizz Energy is the latest victim of increases in wholesale energy costs and having appointed KPMG to carry out a quick auction after struggling to refinance its debts has now been placed in administrative receivership.

All 40,000 electricity customers across its SME and corporate networks are being transferred to British Gas Business for a cash consideration of £3.5million.

From a customer viewpoint British Gas Business will maintain existing contract terms and conditions.

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Posted at 10:40 AM Technorati: Energy Prices

October 23, 2008

Electricity4Business collapse, thousands of businesses face higher energy bills

Milton Keynes based energy supplier Electricity4Business (E4B) has been placed in adminstration with the appointment of PWC as administrator. E4B has around 160 staff and hopes are that PWC will find a quick buyer to save the company going under altogether.

From a customer viewpoint British Gas has been appointed by OFGEM as the replacement supplier to all E4B energy customers from the 24th October.

Under the terms of their appointment British Gas do not need to honour the existing E4B contracts in place and customers are free to shop around for a new supplier without any penalty, the best place to start such a hunt is www.billscutter.com, a leading independent energy broker specialising in commercial energy contracts.

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Posted at 04:07 PM Technorati: Energy Prices

September 25, 2008

Energylinx endorsed by energywatch again

Energylinx are delighted to receive confirmation from energywatch that we have been accredited for the third time.

Energylinx was one of the founder members of energywatch and has held accreditation to the Code since 2003. With the responsibilities of energywatch about to transfer to Consumer Focus in a few days time Energylinx looks forward to the continuation of the Code itself.

The full press release from energywatch can be viewed below.

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Posted at 10:47 AM Technorati: Energy Prices

August 01, 2008

Ecotricity increase energy prices

Ecotricity, the green electricity company has today, 1st August 2008, announced prices increase in three distribution areas.

Ecotricity offer two tariffs.

New Energy
Ecotricity's popular New Energy tariff offers a growing percentage of green supply offset from their own turbines, currently around 25%, with the rest coming from conventional sources. The more customers Ecotricity has, the more investment they can make in building new renewable electricity. With New Energy you pay the same as the standard price of your regional supplier.

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Posted at 06:52 PM Technorati: Energy Prices

July 31, 2008

British Gas, the impact of the latest price increases

Yesterday, 30th July 2008, British Gas announced that both its gas and electricity prices were going to increase.

Given how wholesale energy prices are rocketing and coupled with the fact that this year the UK will require to import some 40% of its winter gas requirements from abroad then unfortunately this might be a sign of things to come.

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Posted at 08:07 AM Technorati: Energy Prices

May 02, 2008

British Gas Click Energy 5 price reduction

With effect from 8th May for existing customers, British Gas has reduced the cost of Click Energy 5. New customers will benefit from these new prices immediately.

The reduction applies to electricity only and averages 4.36%* across the UK with the best savings in the SWALEC region where the saving is a massive 12.19%*.

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Posted at 04:42 PM Technorati: Energy Prices

March 20, 2008

Scottish and Southern Energy, latest energy company to increase prices

Scottish and Southern the UK Energy company who operate the brands, Atlantic Electric and Gas, Scottish Hydro Electric, Southern Electric and SWALEC today announced a price increase all four brands.

The increase averages 14.43% on electricity and 15.58% on gas. The new prices can be found on our platform now.

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Posted at 11:33 AM Technorati: Energy Prices

February 10, 2008

British Gas increases energy tariff by 18.58%

From a position of being one of the cheapest online tariffs in the UK up until the 8th January, Click Energy from British Gas has decided to cease selling Click Energy 4 and introduce Click Energy 5.

Along with the name change comes a price increase:

Average Dual Fuel Increase		18.58%
Average Electricity Increase		20.98%
Average Gas Increase		16.68%
based on a standard domestic user consuming 20,500kWhs of gas and 3300kWhs of electricity paying by monthly direct debit. Source: Energylinx as at 09.02.2008

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Posted at 10:00 AM Technorati: Energy Prices

February 02, 2008

Who is the cheapest energy supplier in the UK?

There appears to be a constant quest to discover who the cheapest energy supplier in the UK, however this is something that is completely impossible to convey with a single table.

energywatch, the domestic electricity and gas watchdog were some years ago encouraged by the Advertising Standards Authority to come up with a profile of the standard customer.

When these figures were produced, some six years ago, they relied on what was publicly available information at the time and came up with the consumption figures 20,500 kWhs for gas and 3,300 kWhs for electricity and today in every table we see, including that noted below, these figures are quoted.

The truth is the average domestic consumer uses nothing like these figures so when we read that such and such supplier is cheapest in a particular area it is always based on an energy profile that simply does not exist.

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Posted at 10:52 AM Technorati: Energy Prices

January 16, 2008

EDF Energy increases gas and electricity prices

EDF Energy has today announced a price increase applicable to residential customers effective from 18th January 2008.

The increases are 12.9% for gas and 7.9% for electricity. EDF Energy are the second major energy supplier to introduce a double digit price increase in domestic energy during 2008.

Like npower, EDF Energy has noted increased wholesale energy costs and increased distribution costs as being the main reason for these price increases

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Posted at 06:56 AM Technorati: Energy Prices

December 04, 2007

British Gas reviews its Market Tracker energy tariff

In line with the rules surrounding this tariff, British Gas has announced an increase at its first quarterly review of its Market Tracker tariff.

The increase averages 15.03% on gas and 15.21% on electricity across all fourteen UK distribution areas**.

With British Gas Market Tracker, prices are tracked against wholesale prices from 1st September 2007 until 31st August 2008. Prices are set at the beginning of each quarter on the following dates: 4th December 2007, 4th March 2008 and 3rd June 2008. The prices are then fixed for the remainder of that quarter.

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Posted at 07:54 PM Technorati: Energy Prices