Gas and Electricity News and Offers

E.ON announces a price decrease equivalent to 3.3% for gas impacting 1.8m of their customers. Gareth Kloet, head of utilities at Confused.com, says: "While the 3.3% price cut is a welcome move for 1.8 million of E.ON's gas customers, it's just a drop in the ocean.


Commenting on E.ON dropping its gas prices, Scott Byrom, utilities manager at moneysupermarket.com, said: "This price drop is a tiny step in the right direction. While it is a welcome surprise, a 3.3 per cent price drop - that's just £25 for most customers - isn't earth-shattering, especially following the record energy price hikes of last year.


British Gas has unveiled plans to create 2,600 skilled new jobs by 2012. The new recruits will lead the roll-out of smart meter technology across Britain - the biggest revolution in home energy use for decades.


Energy regulator Ofgem has urged suppliers to up their game in complaint handling as consumer research found less than one in four customers were satisfied with the way gripes were dealt with.


Consumers are being left confused, badly informed and potentially vulnerable to debt because of the poor quality of some major household bills, according to uSwitch.com, the independent price comparison and switching service.


Warm Zone, BGC, Baxi Group and Veolia Water Outsourcing have collaborated to help local authorities and registered social landlords (RSLs) to address the issues of fuel poverty in off-mains gas areas.


Multifit GasSaver The Multifit GasSaver is an innovative low cost product that sits neatly between boiler and flue to further improve the energy efficiency of domestic boilers. It recycles flue gas heat which would normally be expelled into the atmosphere and wasted.


Wind turbine Village community contributes £86250 to purchase wind turbine. This green investment bucks the crunch. Investors say “Why rely on Russian gas imports when we can generate are own renewable energy, make a real return on our investment and combat climate change”


Commenting on Consumer Focus research into energy bill ‘overcharging', Scott Byrom, utilities manager at moneysupermarket.com, said: "Unfortunately the majority of UK bill payers are still willing to remain on the same tariff and provider and do nothing proactive to change to a better deal, this means we have an uncompetitive energy market which is only a good thing for the suppliers.


Gareth Kloet, head of utilities at Confused.com, says: "Energy prices are on a downward trend which is good news but if today's figures are accurate they reveal there's still room for further cuts to be made.


Energy customers are being overcharged by a combined £1.66 billion this year (£74 per household), as declining wholesale costs have not been fully passed on by suppliers, according to research by Consumer Focus.


During last year's unprecedented price rises which saw average energy bills rise by a staggering 42%, 1 in 5 customers opted for a fixed rate deal - a fantastic move for those that wanted to shield themselves from rising prices.


Brits living in flats and terraced houses could be paying over the odds for their gas and electricity by not correctly identifying the best value energy product for their consumption, according to moneysupermarket.com.


Consumers are being warned today that they could be facing annual energy bills of almost £5,000 a year by 2020.


moneysupermarket.com is giving away free energy for a year to one lucky competition winner.



 


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