News

The Archbishop recently said that the wave of energy price hikes seems "inexplicable"

Green light for new wind farm

A new offshore wind farm which will generate enough electricity to power the equivalent of 150,000 homes was today given the go-ahead by the Government.

Power firms fined over connections

Three power grid firms have been fined a combined £1 million for failing to meet the three-month deadline for customer connections, the energy watchdog announced today.

E.ON waives retirement age to keep chief

Chairman asked to remain in post to oversee the restructuring of the £9bn energy company

Energy giants desperate to come in from the cold

Can sports sponsorship help firms win customers even as bills soar? Richard Gillis reports

E.On raises gas and electricity prices

The power company E.On has announced price rises of 9 per cent for electricity and 3 per cent for gas from next month, blaming "rising industry costs". The firm said the increase will add 16p a day to its dual fuel customers, adding that wholesale energy prices have soared by 35 per cent since last spring.

David Prosser: Energy prices justkeep on rising

Outlook With E.On raising its gas and electricity prices yesterday, five of the big six energy providers have now announced bill increases in recent weeks (the exception being EDF Energy, for which a rise is no doubt only a matter of time once its price freeze promise expires). It's a brave move by the energy industry, which is the subject of an ongoing investigation by Ofgem, the sector's regulator, into pricing.

Chancellor opposes waste disposal on his doorstep

Cheshire residents have come together in one of the most fiercely fought campaigns to oppose municipal waste incinerators since six were proposed to dispose of their rubbish. They claim that their county is in danger of becoming "the most incinerator-contaminated place in Britain".

Energy prices 'may rise 25 per cent over 10 years'

Domestic energy prices could rise by as much as a quarter over the coming decade, the "big six" gas and electricity suppliers warned MPs yesterday.

E.ON sells stake in Gazprom for £2.8bn

E.ON has sold its 3.5 per cent stake in the Russian gas monopoly Gazprom for €3.4bn (£2.8bn). The German energy giant, which is raising money to expand outside Europe, sold 2.7 per cent to the Russian state bank VEB and 0.8 per cent on the stock market. As its earnings in Europe drop due to a tax on its nuclear power plants in Germany and demand falls due to the economic crisis, E.ON is seeking to lower its €45bn debt burden and raise money to expand outside the continent.

Telecom firm to cut energy bills

British Gas may have raised domestic bills by 7 per cent, but it is looking to help small businesses cut their costs.

Environment: Major projects to tackle climate change escape the knife

Major programmes and projects to tackle climate change under the remit of the Department of Energy and Climate Change (DECC) were left largely untouched.

David Prosser: How will we rebalance the economy?

Outlook Elsewhere, there will be doubt for a time yet about where the 490,000 public-sector job losses will occur (not to mention the 500,000 reduction in the private sector PricewaterhouseCoopers predicts as a knock-on effect), which will continue to undermine the prospects of consumer-facing businesses. And after a quiet day on the stock market, it was noticeable last night that defence stocks are reacting badly to the defence cuts announced on Monday.

Call for more notice of energy bill rises

Gas and electricity suppliers should be required to give 30 days' warning before putting up prices, the UK energy watchdog said today.

Quangos slammed over public sector awards

Controversial quangos set up to boost England's regional economies award almost two-thirds of all grants to other public sector groups, research found today.

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