Electricity Bills Will Rise To Pay For Wind Turbines Says Report

A new report says electricity bills will increase by around 25% in order to pay for new wind turbines and other sources of renewable energy. The Government has said in the past that energy efficiency savings will help to reduce energy bills but the study by the Renewable Energy Forum (REF) claims in actual fact many will be worse off with a rise in both domestic and ... More

New Nuclear Power Plant Hit By More Delays

The construction of a new nuclear power plant in Somerset has been delayed again, threatening to derail the Government’s energy plans. EDF Energy is supposed to be building the new nuclear power station at Hinkley in Somerset but ground preparation works, due to begin in August have been delayed. It seems the election of François Hollande as President of France has dented the confidence of companies closely associated ... More

Total Plugs North Sea Gas Leak

Total, the French oil and gas producer, has said it has plugged the gas leak in the North Sea. Utility Exchange reported earlier this year that a dangerous gas leak at the Elgin platform in the North Sea has resulted in its shut down and an exclusion zone in the area. As a result of the shut down, gas prices increased by 5% for ... More

SSE Announces Rise In Profits

The energy supplier SSE has announced its profits have risen by 2% with pre-tax profits of £1.33bn. SSE has seen a growth in its power generation business which has helped to offset its retail operation. The company said the year had been one of turmoil in the global energy markets with economic uncertainty. The company’s operating costs for its retail division which supplies gas and electricity ... More

Energy Costs & Broadband Top Small Business Issues

New research says business energy costs and broadband top the list of infrastructure issues faced by small businesses. Research from the Forum of Private Business has found that small businesses are more concerned about business energy costs and telecommunications including broadband, than other infrastructure problems. The findings come as the trend for business electricity prices and business gas tariffs is upwards. A survey on Infrastructure for ... More

E.ON Won’t Increase Energy Prices In 2012

E.ON has promised that it won’t increase residential energy prices this year. E.ON has announced today that it will not increase residential energy prices for existing customers during 2012 only weeks after revealing that it’s profit for supplying gas and electricity to UK homes last year was less than 2%. The announcement comes after Centrica, owner of British Gas, warned that gas prices were set ... More

Gas Prices Set To Increase Again

Centrica, the owner of British Gas, has warned that gas prices are set to increase again with price rises expected at the end of the summer. Centrica has warned that wholesale gas prices for this winter are around 15% higher than last year. Last summer British Gas increased gas prices by 18% and electricity prices by 16% pushing up the average dual fuel bill to ... More

Will Electricity Market Reforms Force Businesses Abroad?

Reforms to the electricity market will increase energy bills and could force businesses abroad. The Queen’s Speech yesterday announced subsidies to help energy suppliers pay for green energy but these could force up electricity bills by as much as £200 a year. The reform of the electricity market is designed to increase investment in low carbon energy generation and in doing so ensure the country’s ... More

Go-Ahead Given For Largest Onshore Wind Farm In England & Wales

The go-ahead has been given for the largest onshore wind farm in England and Wales to be built at Pen Y Cymoedd. The largest onshore wind farm in England and Wales has been given the go-ahead by the Government. The wind farm will be built at Pen Y Cymoedd and will be made up of 76 turbines. By the time it’s completed the wind farm ... More

Japan Shuts Down Last Nuclear Power Reactor

Japan has shut down its last working nuclear power reactor for maintenance after the tsunami last year. As part of a safety drive, Japan has now shut down all of its 50 nuclear reactors for maintenance. It’s the first time the country has been without nuclear generated electricity since 1970. The news has been warmly welcomed by many Japanese people as they hope that the nuclear ... More

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