Business Utilities UK

09/09/2022

Elizabeth II
Her Majesty The Queen
1926-2022

18/03/2022

LONDON, March 4 (Reuters) - Britain will look to target Russia's energy sector in future rounds of sanctions, a move the government has so far resisted amid warnings this could push up energy bills with oil and gas prices already at multi-year highs. Since Russia's invasion of Ukraine last week, Britain has imposed a ban on Russia selling debt in its capital markets and targeted several Russian banks with sanctions, as well as companies like defence firm Rostec and airline Aeroflot....

LONDON, March 4 (Reuters) – Britain will look to target Russia’s energy sector in future rounds of sanctions, a move the government has so far resisted amid warnings this could push up energy bills with oil and gas prices already at multi-year highs. Since Russia’s invasion of Ukraine last wee...

16/10/2021

Factories across the country could stop production due to rising energy costs, industry leaders have warned. Representatives of energy intensive industries met with Business Secretary Kwasi Kwarteng on Friday to discuss the ongoing crisis. It came amid reports that energy bills could go up even further for UK customers, with an additional charge being introduced. The new strategy could commit the Government to cutting the price of electricity and imposing a levy on gas bills to fund low-carbon heating, according to The Times....

Factories across the country could stop production due to rising energy costs, industry leaders have warned. Representatives of energy intensive industries met with Business Secretary Kwasi Kwarteng on Friday to discuss the ongoing crisis. It came amid reports that energy bills could go up even furt...

15/10/2021

Beleaguered energy secretary Kwasi Kwarteng won the support of Britain’s power bosses today, reassuring them that vulnerable consumers would be continue to be protected, as he warned that more suppliers are set to quit UK retailing. Speaking at EnergyUK’s annual conference, the minister repeated his three principles to overcome Britain’s crisis, caused by spiralling wholesale costs of gas: No government bail-outs for failed suppliers…...

Beleaguered energy secretary Kwasi Kwarteng won the support of Britain’s power bosses today, reassuring them that vulnerable consumers would be continue to be protected, as he warned that more suppliers are set to quit UK retailing. Speaking at EnergyUK’s annual conference, the minister repeated...

15/10/2021

UK Onshore Oil and Gas said the looming crisis was a ‘bizarre state of affairs’ when gas beneath Northern England and the Midlands could ‘meet the UK’s gas demand for 50 years’ Campaigners are urging Boris Johnson to hold the Government’s line on fracking as the UK’s onshore oil and gas industry has called on ministers to look again at shale gas amid the ...

UK Onshore Oil and Gas said the looming crisis was a ‘bizarre state of affairs’ when gas beneath Northern England and the Midlands could ‘meet the UK’s gas demand for 50 years’ Campaigners are urging Boris Johnson to hold the Government’s line on fracking as the UK’s onshore oil and ga...

15/10/2021

Thames Water and Southern Water has ranked at the bottom of the customer satisfaction and experience annual Ofwat rankings and as a result, will have to make underperformance payments. That follows the water services regulation authority’s publication of the results of customer satisfaction and experience for water and wastewater companies in England and Wales over the last year. According to these rankings, Thames Water has to return £16.6 million and Southern Water £4.9 million to its customers for poor customer satisfaction....

Thames Water and Southern Water has ranked at the bottom of the customer satisfaction and experience annual Ofwat rankings and as a result, will have to make underperformance payments. That follows the water services regulation authority’s publication of the results of customer satisfaction and ex...

14/10/2021

Britain's energy suppliers are urging the Government to suspend green taxes on energy bills over the winter to ease the financial pressure on households. The taxes, most of which are added to electricity bills – increase bills by an average of £150 a year. Intended to help fund the shift to lower-carbon heating in homes, they are now coinciding with huge rises in wholesale gas prices which could force up bills by as much as £800 a year....

Britain’s energy suppliers are urging the Government to suspend green taxes on energy bills over the winter to ease the financial pressure on households. The taxes, most of which are added to electricity bills – increase bills by an average of £150 a year. Intended to help fund the shift to low...

14/10/2021

Energy firm Omni Energy reportedly switched thousands of customers to suppliers, including Bulb and ScottishPower Leeds-based energy firm Omni Energy has told customers it is “highly likely” it will exit the UK’s energy market before the end of November. The small energy supplier has reportedly sent an email to nearly 10,000 customers saying: “The UK industry is in crisis. The cost of wholesale energy is continuing to rise and without a significant change in the wholesale ...

Energy firm Omni Energy reportedly switched thousands of customers to suppliers, including Bulb and ScottishPower Leeds-based energy firm Omni Energy has told customers it is “highly likely” it will exit the UK’s energy market before the end of November. The small energy supplier has reportedl...

14/10/2021

Taking on customers whose energy company has collapsed will cost surviving gas and electricity firms approximately £700 more per new client. Market giants such as British Gas, Octopus, and Shell have gained hundreds of thousands of retail customers from Ofgem’s supplier of last resort process – but it comes at a cost. The price of ‘onboarding’ new consumers from defunct suppliers – known as ‘orphans’ – is estimated to be £700 more than the regulator’s £1,277 price cap based on average usage....

Taking on customers whose energy company has collapsed will cost surviving gas and electricity firms approximately £700 more per new client. Market giants such as British Gas, Octopus, and Shell have gained hundreds of thousands of retail customers from Ofgem’s supplier of last resort process –...

29/09/2021

Experts worry that only a handful of energy suppliers might be left in the British market by Christmas after gas prices soared nergy regulator Ofgem has told five suppliers to pay what they owe into a renewable energy fund or risk being stripped of their licences. The regulator said that the Feed In Tariff (FIT) had not been paid by Colorado Energy, ...

Experts worry that only a handful of energy suppliers might be left in the British market by Christmas after gas prices soared nergy regulator Ofgem has told five suppliers to pay what they owe into a renewable energy fund or risk being stripped of their licences. The regulator said that the Feed In...

29/09/2021

The head of Ofgem has rejected claims from the industry the current energy crisis represents a failure to adequately regulate the market. Six suppliers have gone bust recently, leaving about 1.5 million customers facing higher bills, with more firms expected to fold. Ofgem boss Jonathan Brearley, told the BBC: "No-one could have predicted the kind of gas price rises we have seen....

The head of Ofgem has rejected claims from the industry the current energy crisis represents a failure to adequately regulate the market. Six suppliers have gone bust recently, leaving about 1.5 million customers facing higher bills, with more firms expected to fold. Ofgem boss Jonathan Brearley, to...

29/09/2021

FTSE 350 Oil Gas and Coal has risen 9.3% 1.5 million UK customers have been left out in the cold without a gas provider in recent weeks. However, perverse though it may seem, it is the gas sector that is winning from an investment perspective and it could see further benefits as industry commentators expect the government to rethink their energy transition strategies....

FTSE 350 Oil Gas and Coal has risen 9.3% 1.5 million UK customers have been left out in the cold without a gas provider in recent weeks. However, perverse though it may seem, it is the gas sector that is winning from an investment perspective and it could see further benefits as industry commentator...