UK government bars Centrica’s bid for British Energy
According to an institutional shareholder in Centrica, the nuclear generator has been banned from making a single-handed bid for British Energy by the British government. Published reports say that the shareholder in question has raised concerns as to why EDF, which is the favored bidder, enjoys the overwhelming support of the UK government. ...
by Jason Drew August 31st, 2008
Utility firms refuse to sign energy deal to assist the poor
Following a refusal to sign up for a deal by the "big six" utility firms, a £1 billion fuel-poverty package sponsored by the UK government has gone awry. Prime Minister Gordon Brown's undersecretary of state with the Department of Business, Baroness Vadera, is said to be spearheading the effort. She held last-minute negotiations with top officials from UK's foreign utility firms.
by Jenson Brayshaw August 31st, 2008
Government in support of EDF takeover of British Energy
The energy minister expressed his inclination towards the take over of British Energy by EDF (Electricite de France) to the Financial Times. Mr. Malcolm Wick stated that according to the UK government, this will be the most sensible deal. His ...
by Jason Drew August 25th, 2008
Thousands across UK suffer 29% rise in gas and electricity costs
Thousands of homes across the UK will bear the brunt of rising costs after announcements from two energy providers that a 29% hike was going to take place. Scottish and Southern Energy who share 8.8 million consumers have taken the decision to increase gas costs by 29.2% and electricity by 19%.
by Jenson Brayshaw August 22nd, 2008
UK householders fall behind in securing capped energy tariffs
Reports indicate UK consumers have lagged behind in terms of inexpensive energy deals. In eventuality, consumers in Britain have fallen behind in securing a capped tariff ahead of recent price increases. Research firm, Fool.co.uk revealed 54% of UK homeowners were not fast enough to get past the rate rises and failed
by Jason Drew August 20th, 2008
Energy companies should maintain more transparency
The Business Secretary, John Hutton has said that the Britain's major energy suppliers should be transparent on, how much profits they are making from the energy supply and power generation arms. He urged to Ofgem, the power regulator that there is need of transparency in the financial records of big
by Samantha Donovan August 19th, 2008
