Prime Minister Theresa May wrote in the Sun this week defending her plan to introduce a cap on standard variable energy tariffs as consumer magazine Which? reports that thousands of customers will be moved onto those very tariffs this month.
Challenger gas and electricity supplier Octopus Energy is launching a new variable tariff that directly tracks wholesale energy costs, rather than charging customers an independent standard variable rate.
The Conservatives have pledged to allow Ofgem to implement a price cap on energy tariffs should they win the upcoming 2017 general election, causing the value of shares in Centrica and SSE to dip.
Centrica, British Gas’ Spanish parent company, has announced that it will be launching a new unit dedicated to the funding and ‘incubating’ of energy related tech start-ups.
Less than two weeks after Ofgem issued a statement explaining that energy suppliers had no obvious reason to raise their energy prices over coming months, Npower has announced that their dual fuel customers will see bill increase by an average of almost 10% from March.
Fischer Energy is launching a new, streamlined and totally renewable service available to UK households in response to perceived over-complexity and inequality in the current market.
Small energy provider Green Energy UK has launched a new tariff, purporting to be the first of its kind, offering households electricity at different prices based on the time of day at which it is consumed.