Business Renewals

SSE complete the big 6 price increase group

SSE Price increase

Today SSE announced they will also be increasing their standard prices in line with the OFGEM maximum increases.

From the 1st April 2019 customers off SSE who are the second largest supplier in the UK will see standard plans increase 10.2%.

Collectively the big 6 energy suppliers have increased costs by around £1.3B for their standard tariff customers, this being inline with the OFGEM maximum Price Caps.

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Business Renewals

British Gas and Scottish Power increase residential prices

Price increases

Around 4.3M customers will be affected by the latest price increase announcements from British Gas and Scottish Power after the two giants stated that they will increase costs by around 10% from the 1st April 2019.

Despite British Gas losing nearly 750,000 customers in the year 2018, the parent companies profits were up 12% to £1.39B with the home energy division posting profits of £668M.

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Business Renewals

Economy Energy Collapse

Economy Energy collapse

Only days after the regulator OFGEM imposed a blanket ban on taking on new customers the supplier Economy Energy have ceased trading leaving around 235,000 customers wondering who their new supplier will be. Whilst there will not be any issues relating to the lights or heating going off there are serious concerns being raised over the current licensing requirements that are required in order to gain a supply license with nine energy suppliers biting the dust in the last 12 months.

The current advice is to sit tight and explore your options once a new supplier has been appointed by OFGEM.

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Business Renewals

Economy Energy banned from taking new customers

Economy Energy

The energy regulator OFGEM has today banned Economy Energy from taking on new customers until it improves it’s levels of customer service.

The supplier who has nearly 250,000 residential customers will be forced to make improvements to billing and payment failures and smarten up on issuing customer refunds.

If none of the requirements are met then there is the possibility that OFGEM could extend the ban and ultimately revoke the company’s supply licences.

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