A study conducted by MarketWatch has found that “one in five home appliances tested by consumer and green groups consumes more energy than claimed on packaging”.
Pressure for the government to give more support to renewable energy schemes like the Swansea tidal lagoon project has increased as concerns grow over the Hinkley Point project.
EDF’s chief executive, Jean-Bernard Lévy, has warned the French government that without further financial backing, the entire Hinkley Point project risks being in jeopardy, despite claiming he feels “confident” that the plan will go ahead.
The Competition and Markets Authority has announced a draft of proposals that are the result of an 18-month investigation into the energy sector including the introduction of a price cap for households with pre-payment meters.
One the biggest gas and electricity companies in the UK, Npower, is poised to announce around 2,500 job cuts both overseas and in the UK. The news will come after troubling times for the utilities giant, which saw it become embroiled in customer billing problems and a huge loss of customers.
EDF’s chief financial officer, Thomas Piquemal, has left the company following conflict over the decision to push forward with construction of the Hinkley Point C nuclear plant in Somerset.