You may have heard of the term Fuel Poverty and assumed it was something to do with there not being enough oil to go around. But what it actually refers to is the fact that a large proportion of the population find the cost of home energy, along with food prices, to be the two

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Until now it has been the big six energy companies that have benefited from the slump in fuel prices. They have been able to buy at a good rate ever since June, when the Brent crude oil price index, indicated the start of the decline. This has not been passed on to the consumer in reduced

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The need for everyone to become eco-friendly has taken on more importance in recent years. Governments see the need to protect our environment as best as we can, despite our need to use its dwindling resources. Latest developments have seen big improvements in eco-gadgets that can be incorporated into an environmentally conscious household lifestyle. If

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The Government has announced its intention to set up a contingency plan to deal with the possibility of one of the UK’s ‘Big Six’ energy companies going under. The cost recovery programme, outlined in an Energy Department consultation paper, is designed to lessen the economic and consumer impact that would arise in the event of

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Ofgem, the Government’s gas and electricity watchdog, yesterday predicted sharp rises in energy prices over the next five years as the UK becomes more dependent on imported gas. Ofgem’s chief executive, Alistair Buchanan, warned that our quickly diminishing energy supplies, and lack of new development, may lead to a “near-crisis” in energy shortage between 2015 and

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British Gas’ residential arm has reported an 11% rise in annual profits, after an exceptionally cold year saw gas consumption go up by 12%. The energy supplier made, on average, £49 per household in 2012, amounting to profits of £606m. Moreover, British Gas’ parent company Centrica reported its total operating profits were up 14%, hitting

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The results of a recent poll by research group Ipsos MORI show that 46% of us would switch to a renewable energy tariff if it cost us no more than our current deal. But despite this, fewer than 2% of UK households, about 400,000, actually have an energy tariff that is sourced mainly from green

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The Chancellor of the Exchequer, George Osborne, has announced new incentives to encourage further development in the shale gas industry. The plans, set out in this year’s Budget, include awarding tax breaks to fracking companies, as well as providing compensation to communities affected by the controversial technology. Mr Osborne said “I want Britain to tap

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The government has given EDF permission to build 2 new nuclear reactors at Hinkley Point, Somerset, at a predicted cost of £14 billion. The new plant is expected to take a decade to build, and will replace the existing reactor at Hinkley when it closes in 2023. EDF says the new plant will generate enough

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