Category Archives: Utilities

UK energy bills to fall to about £2,200 from July as wholesale gas costs drop

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Mild weather in Europe reduces gas demand but bills will remain higher than 2021 energy price cap

Annual energy bills are expected to fall to about £2,200 from July in a fillip for the government and households struggling with ballooning costs.

The energy consultancy Cornwall Insight has predicted that, excluding government subsidies, typical annual household energy bills will have fallen from £4,279 now to £3,208 from April, and then will ease to roughly £2,200 for the remainder of the year.

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Kent family charged £80k in error after EDF sent £1m electricity bill

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‘It was quite amusing, until it actually happened,’ says customer, after being left £75,000 overdrawn

A family of four were told they owed nearly £1m to EDF for a year’s electricity and had £80,000 taken by direct debit, despite telling the company it was clearly incorrect.

The payment, which put Richard Baron and his family more than £75,000 over their overdraft limit, was refunded by their bank’s fraud team before any serious damage was done. However, after cancelling their direct debit, they were put on a higher tariff with the energy provider.

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Ofgem tells energy network firms they must invest without increasing bills

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New electricity price controls from 2023 to 2028 will keep costs to customers at about £100 a year

The operators of Great Britain’s local energy networks will be forced to spend more of their profits on investing to future-proof the country’s electricity grid, after the regulator, Ofgem, said it would not allow any rises in household bills.

In a new set of price controls that will run from 2023 to 2028, the energy watchdog said it would keep costs to customers unchanged at about £100 a year.

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UK households have cut energy consumption by 10%, say suppliers

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E.ON reports up to 15% drop as Grant Shapps writes to firms customers cutting back on energy use should not face direct debit rise

Britons have cut their gas and electricity use by more than 10% since October in the first evidence of the impact of the energy crisis on household habits, according to two of Britain’s biggest suppliers.

E.ON, Britain’s second-largest supplier, and the owner of Utility Warehouse have reported “double-digit” declines in recent weeks.

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‘Vital’ energy security bill must be brought back, says Labour

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Shadow climate minister says Britain is losing the race to create green jobs

Labour has accused the government of being “highly irresponsible” in sidelining a crucial piece of energy legislation, arguing that Britain is “losing the race” to create green jobs.

The energy security bill was published in July with the aim of boosting domestic, low-carbon power supplies and bringing down energy costs.

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Peak power: hydrogen to be injected into UK station for first time

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Exclusive: Joint venture with Centrica is aimed ultimately at reducing carbon intensity at the site

Hydrogen will be injected into an emergency gas-fired power station for the first time in a pilot backed by the owner of British Gas.

Centrica has invested in an industry joint venture which will trial using hydrogen at an existing “peaking plant” at its Brigg station in Lincolnshire, the Guardian can reveal.

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Power giants to face windfall tax after all as Liz Truss delivers U-turn

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Prime minister accused of ‘another screeching U-turn’ having previously rejected calls to impose levy

Renewable power companies will have their revenues capped in England and Wales, after the government bowed to pressure to clamp down on runaway profits.

The announcement late on Tuesday night provoked immediate accusations that Downing Street had performed “another screeching U-turn” – having previously rejected calls to impose a windfall tax on power giants.

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Older people at risk from overcharging and mis-selling ‘scandal’

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Unnecessary policies and overpayments for services are draining the accounts of vulnerable customers

Elderly and vulnerable customers are being routinely overcharged by utility and insurance firms in a hidden scandal highlighted today by one of the country’s senior financial services executives. Unfair practices are putting them at risk of being unable to afford food and heating, he warns.

Michael Donald, a former director of Visa UK, said he was staggered to discover hundreds of pounds of overcharging when he carefully checked the direct debits on his 79-year-old mother’s accounts.

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Sewage monitors faulty at seaside spots in England and Wales, data shows

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Environment Agency figures indicate people could be swimming in human waste this summer without warning

Sewage monitors at some popular seaside destinations in England and Wales are faulty or not installed, Environment Agency data has revealed, meaning people could be swimming in human waste this summer without realising.

Seaside holidays this year have been marred by water companies pumping raw sewage into the ocean, with popular beaches in areas including Sussex and Devon having to close.

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Bonuses for water bosses in England up 20% last year despite sewage failures

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Water company executives received on average £100,000 in bonuses, despite most firms missing targets

The annual bonuses paid to water company executives rose by 20% in 2021, despite most of the firms failing to meet sewage pollution targets.

Figures show on average executives received £100,000 in one-off payments on top of their salaries, during a period in which foul water was being pumped for 2.7m hours into England’s rivers and swimming spots.

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Kosovo stops import of electricity and begins energy rationing

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Power blackouts after wholesale prices soar as a result of Russia’s invasion of Ukraine

Soaring international energy prices have brought power blackouts to Europe as Kosovo said it could no longer afford to import electricity, adding to fears that tensions with Russia will plunge the continent into crisis this winter.

Consumers in the Balkan state have been told they will be allowed six hours of power at a time, punctuated by two-hour breaks, according to a spokesperson for its energy distribution company, KEDS.

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Calls to cut bonuses for UK water bosses until reservoirs built and leaks fixed

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Multimillion-pound payouts should be shelved until investment put in to help country recover from drought

Water company bosses should be stripped of their multimillion pound bonuses until they fix leaks and build reservoirs, politicians and campaigners have said as the country is gripped by drought.

The current drought, in which parts of England are the driest they have been since records began after five consecutive months of below average rainfall, have led to homes running out of water, rivers turning dry and farmers facing crop failures, causing many to be outraged at the companies that have failed to invest in reservoirs, fix leaks and stop sewage pollution from their pipes.

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As drought hits, what are UK water company chief executives paid?

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Anger is growing over the huge sums handed to shareholders and executives

Britain’s biggest water companies have come under the spotlight as the nation swelters during what could become the worst drought in 500 years, with hosepipe bans introduced across much of England in an attempt to fend off shortages.

Anger is growing over the huge sums handed to their shareholders and executives, given the companies’ record on tackling leaks and pollution and their failure to build more reservoirs. Politicians and campaigners are now calling for water company bosses to have their bonuses banned until they tackle these issues.

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Yorkshire Water announces hosepipe ban after record-low rainfall

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Ban begins from 26 August and follows similar moves by four other water firms in England and Wales

Yorkshire Water has become the fifth water company in England and Wales to announce a hosepipe ban owing to the hot and dry conditions.

The company, which has more than 5 million customers, said the restrictions would come into effect from 26 August.

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Environment Agency pension fund criticised for owning stakes in UK water firms

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Campaigner Feargal Sharkey says profiteering from firms that dump raw sewage into rivers an ‘obscenity’

The Environment Agency’s pension fund owns stakes in a string of British water firms – despite the watchdog calling for industry bosses to be jailed over shocking pollution levels, the Guardian can reveal.

An analysis of the Environment Agency Pension Fund’s investments shows it holds shares or bonds worth £28m in six of the largest water companies.

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UK braces for even higher bills as Norway threatens electricity export cut

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Water levels in southern Norway so low domestic consumers may be prioritised over international customers

British consumers could face even higher bills and potential energy shortages this winter after Norway threatened to ration electricity exports.

The UK receives hydroelectric power from Norway through a subsea interconnector cable running beneath the North Sea.

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Ofwat extends sewage dumping inquiry to include South West Water

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Regulator expands investigation after suggestions water firm was not complying with legal obligations

The regulator Ofwat has expanded its investigation into the dumping of raw sewage to include South West Water after finding “shocking” failures in the way the majority of water companies run their waste treatment works.

Ofwat said on Tuesday it had extended its inquiry after heightened concerns about South West Water’s environmental performance and suggestions it was not complying with its legal obligations.

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British Gas owner signs deal with Norway firm for extra UK supplies

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Centrica says Equinor will deliver enough gas for next three years to heat 4.5m extra homes

The British Gas owner, Centrica, has signed a major supply deal with the Norwegian state oil company, Equinor, as ministers scramble to secure domestic energy supplies.

Equinor has agreed to deliver an additional 1bn cubic metres of gas supplies to the company for each of the next three years, enough to heat an additional 4.5m UK homes.

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British Gas owner says windfall tax will dent investor confidence

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Centrica boss also defends Amber Rudd’s appointment to its board as a non-executive

The British Gas owner, Centrica, has warned that Rishi Sunak’s windfall tax will “damage investor confidence” as Britain attempts to build up green energy supplies.

The Centrica chairman, Scott Wheway, and its chief executive, Chris O’Shea, hit out at the chancellor’s 25% levy on oil and gas operators’ excess profits, which will be used to pay for measures to reduce soaring energy bills.

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UK should expect high fuel bills for at least 18 months, E.ON boss says

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Michael Lewis calls for substanstial government intervention to help people deal with costs

Consumers will have to cope with extraordinarily high fuel bills for at least another 18 months, the boss of Britain’s biggest energy supplier has said.

Michael Lewis, the chief executive of E.ON UK, called for “very substantial” government intervention to help people with escalating fuel bills, one of the biggest factors in the cost-of-living crisis.

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