A group of former energy regulators suggest that energy price cap would not be the best solution to offer cheaper energy deals to the UK customers. According to them, it may work against the energy sector and lead to huge losses.
The government’s new laws are set to push the personal injury compensation costs resulting in an increase of around £1,000 in car insurance premiums. The rule is highly criticised by the ABI and pushes the drivers to shop around for car insurance.
the government has scheduled capacity auctions to keep minimum bidding power plants as back up for power supply for the next year. This would reduce the chances of black-outs but may weigh heavy on the bill payers.
In a super smart move, the biggest energy supplier of Britain, British Gas has freezed its energy prices leading to intense competition amongst the Big Six suppliers. By doing so, it has benefitted around five million energy customers.
Scottish people have urged their government to increase investment for creating energy efficient homes in the country. They plan to create warm and healthy homes with the time frame of now to 2025.
Big energy providers suggest that they would not be able to invest in energy security measures as they do not earn high profits especially when compelled to keep the energy rates low by the government and due to the tough competition.
Leading money-saving expert FreePriceCompare adds another service to its credit and launches unbiased mortgage comparison service for its UK based customers.
Carbon Capture and Storage (CCS) has been a global initiative aimed to reduce the harmful effects of fossil fuel emissions on global warming and ocean acidification.
Energy regulator Ofgem has proposed a price cap on installation charges of Prepayment Meters for vulnerable customers that already face debts and are weak at paying energy bills.