British Gas, a subsidiary of Centrica and one of the UK’s Big Six energy providers, announced its plans to impose an electricity price hike on September 15th of this year. The 12.5% increase will soon affect an estimated 3.1 million customers.
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French-owned EDF Energy has announced that it will be reducing the cost of its gas supply, but raising the cost of its electricity, as of next year.
A private developer is to build a 150 mile cable under the Channel capable of carrying up to 2 gigawatts of electricity between the UK and France, matching the amount already transferred through existing interconnectors.
The electricity retailer Powershop, which makes it possible for its users to play the electricity market, is set to roll out its system to the United Kingdom.
National Grid have announced the appointment of John Pettigrew as their new chief executive. However, Steve Holliday, the outgoing head, has said that the upcoming winter will be a “tight” one.
David Cameron has set up a top-level meeting with some of the most prominent figures in his government in order to tackle the growing concern over the country’s energy supply.