21st November 2018 | Commercial Energy
Utility firm Extra Energy – which supplies electricity and gas to 108,000 households UK-wide – has ceased trading, Ofcom has said. The firm is the second largest energy company to go out of business after GB Energy two years ago. The collapse comes as it was announced that new energy suppliers may have to pass…Read more
15th November 2018 | Commercial Energy
The President of the Board of Trade, Liam Fox, announces the launch of the UK’s first Energy Investment Portfolio, worth an estimated £5 billion. Around £5 billion of energy and infrastructure projects across the UK will be promoted to global investors as part of a new portfolio of opportunities, the International Trade Secretary announced today…Read more
10th November 2018 | Residential Energy
A deal to create the UK’s second biggest retail power provider has been delayed to beyond the first quarter of next year, with SSE and Innogy renegotiating merger terms after Britain’s regulator proposed a cap on energy bills. The merger, a major shake-up of the UK power market that would cut the dominant big six…Read more
7th November 2018 | Recycling
An additional 700,000 tons of plastic will be thrown away while the government delays its proposed tax on plastic packaging, according to Labour analysis. The next four years will also see British people throw away at least 100,000 tons of coffee cups, a figure that critics argue could be slashed with the introduction of a…Read more
6th November 2018 | Residential Energy
Britain’s energy price cap to protect 11 million households on rip-off gas and electricity tariffs will come into force on January 1, saving consumers up to £120 each. But regulator Ofgem revealed the cap is likely to be increased next April due to soaring wholesale energy costs. The cap will collectively save customers around £1…Read more