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SSE freezes domestic prices until 2016
The freeze will affect 5 million UK households, and will be financed by £100m of cost-cutting measures, including 500 job losses. SSE have announced the longest ever price freeze of its kind in the...
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Big Six to face competition enquiry
The industry regulator Ofgem has called for an inquiry into “possible tacit co-ordination” of price rises by the Big Six. The Competition & Markets Authority’s investigation could mean breaking up...
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British Gas unfairly stopped business transfers
The UK’s largest energy supplier will be penalised for not letting customers know their contracts were coming to an end, and even preventing them from switching to alternative suppliers. British Gas...
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BBC survey: energy consumers confused
A survey commissioned by the BBC has found that almost half of domestic energy users don’t know how their bill is calculated. Although Ofgem has simplified tariff structures in recent years, and...
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Scottish Power fined £750k for price variations
Ofgem has fined the energy giant for charging an unfair amount to many of its customers, simply because they paid using a different method. ScottishPower was fined £750k for varying its prices too much...
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SSE announce annual profits rise of 9.6%
Scottish & Southern Energy announce pre-tax profits of £1.55bn for the year to 31 March. SSE have announced an increase in profits of almost 10% In a time when customer bills are being constantly...
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Iraq conflict could push energy prices up
Concerns regarding security of supply have driven Brent crude prices up 3% and US crude up 2% in the wake of recent developments. Crude oil prices have risen sharply due to the uncertainty in Iraq....
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Gas prices could rise due to Russian embargo
Ukraine has had its gas supplies from Russia cut off due to the ongoing dispute between the two nations, which could lead to a Europe-wide shortage in the coming months. Gazprom is Europe’s largest gas...
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British Gas profits down due to mild weather
Energy giant Centrica reports operating profits drop of 35% for the first half of 2014. British Gas profits are down to 4% for the first half of 2014. Centrica, owner of British Gas has reported a...
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Energy probe should also look at gas market
Tim Yeo, the chairman of the energy select committee says the upcoming investigation should be extended to cover the gas sector as well. Tim Yeo says the ongoing energy competition probe is pointless...
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