Oil and gas giant Shell is to attempt to break into the UK domestic energy market by entering into a purchase agreement for independent supplier First Utility.
British gas has announced they will be scrapping their standard variable tariffs (SVTs) in a move they claim will lower the average bill for their customers, most of whom are on standard tariffs.
The British Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, has called for the energy regulator Ofgem to use its power to impose an energy price cap, in spite of there being a risk of a legal challenge from some suppliers.
Figures in the energy industry and at Ofgem have said Theresa May’s plans to revive the cap on energy bills is virtually impossible to come into effect this winter.
A recently published study has shown that despite the widespread public support for environmental causes, energy customers still care first and foremost about the financial bottom line when comparing tariffs.