site sponsor - www.catalyst-commercial.co.uk
A forensic review of UK energy company accounting practices has found no evidence of financial irregularities aimed at justifying steep rises in retail gas and electricity bills last year, regulator Ofgem, which commissioned the study, said. A string of double-digit price increases, announced in the summer of 2011 by utilities, helped drive UK inflation to a three-year high in September at a time of stagnant wage growth and economic hardship, prompting a consumer backlash. The energy watchdog launched the study...
Energy firm SSE said it was on course to deliver an increase in the dividend per share and an increase in pre-tax profits for the financial year to 31 March 2012. This came despite its nine month update showing the number of electricity and gas customer accounts it has Great Britain and Ireland fell by 50,000 to 9.60 million. Their consumption also fell with SSE's household customers in Great Britain using 8.3% less electricity and 26.6% less gas. Its figures show that an average household customer paid...
The average water bill in England and Wales will rise by 5.7% from April this year, the water regulator Ofwat has announced. The increase - which is 0.5% above inflation - will add £20 to the average 2012/13 bill, taking it to £376. Ofwat defended the rise, saying it was necessary for a multi-billion pound investment programme and was roughly in line with inflation. It was also far less than the 10% that water companies had asked for. The watchdog's CEO Regina Finn said: "We understand that any bill rise is...
via earthtimes.org
British gas for summer delivery surged to a seven-week high early on Monday as temperatures plunged and storage withdrawals accelerated to meet rising demand. Gains pushed summer 2012 gas back above technical support levels, but brokers questioned the longevity of the surge given the bearish backdrop that has underpinned a months-long decline in prices. The contract retreated to 57.60 pence ($0.90) at 10:30 GMT on Monday, up on the day by just under a penny, following a burst of buying interest that propelled it...
Catalyst, A market leading UK Energy Broker - Highly skilled and knowledgeable in our field, Catalyst have been helping companies to reduce their business energy and commercial gas costs for the best part of the last decade.
Theme created for Posterous by Obox
