Delayed energy price cuts “an empty gesture”

Energy suppliers’ decision to delay their price reductions for up to three months will cost consumers an estimated £47mn, according to research by Citizens Advice. The organisation’s analysis, published on Wednesday 11 February, noted that E.ON UK was the only large supplier whose price cut had taken immediate effect, and that by contrast SSE customers would have to wait until 30 April before...
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Suppliers must tell customers if their cheapest deal is marketed under a different brand says Ofgem

Ofgem has set out final proposals for regulating suppliers who sell energy using white labels in the domestic energy market. From July, suppliers will have to be more transparent and tell customers what their cheapest tariff is regardless of the brand they use. These white labels operate under such brands as Sainsbury’s and M & S and have provided a loyal source of business for the energy...
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Switching levels back to normal in January

More than 211,000 households switched their electricity supplier in January––36% lower than the number that switched a month earlier––according to figures from Energy UK, with Small suppliers gained a net 56,000 new customers. The organisation’s monthly switching update, published on 11 February, confirmed that switching levels last month were down sharply on those recorded in November and...
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Utilitrack at the launch of the Cambridge Cleantech Manifesto

 The joint manifesto of Cambridge Cleantech and the University of Cambridge Centre for Climate Change Mitigation Research was launched in the Palace of Westminster last week. Leading advocates from the world of Cleantech, a sector of business that contributes approximately £52bn per year in sales of goods and services, were in attendance. The event was opened by Hugh Parnell, Chairman, Cambridge...
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Government says no to allowing Ofgem to force energy tariff cuts

MPs have voted against the fast tracking of legislation to give industry regulator OFGEM the power to force an energy tariff price cut. The initiative by Labour Leader Ed Miliband was criticised by Ed Davey who pointed to the increased competitiveness of the market. He went on to say, “Labours proposed regulations involving wholesale-retail price links would produce yo-yo pricing and higher...
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