Fuel Poverty Catches Up with Energy Suppliers
The six leading energy suppliers in the UK – British Gas, E.On, Npower, Scottish Power, EDF and Southern & Scottish Energy – have been targeted by the Fuel Poverty Action Group amid growing concerns over domestic fuel bills.
The organisation staged several so-called ‘Winter Warm-Up’ protests outside offices belonging to the firms, which are accused of profiteering at a time when millions of Britons are being forced to choose between food and warmth.
The Winter Warm-Ups have arrived at a particularly opportune moment, as Britain braces itself for what the Met Office has promised to be the coldest week of the winter thus far. So what better way to encourage the big six energy firms to lower their tariffs than to stand out in the cold holding placards and banners over the weekend?
If the protesters wanted to be noticed they perhaps ought to have organised the demonstrations during weekdays, but no doubt their point has been made.
The organisation’s Elizabeth Ziga explained: “We want to challenge the big six energy companies, which control 99 per cent of the energy industry and make record profits off our rising bills”.
Ziga makes an excellent point, of course, but what can be done?
British Gas made a record profit of £742 million in 2010 but is expected to announce current end-of-year profits in the region of £566 million. Despite cutting electricity prices by 4.5 per cent from the end of March, British Gas seized the opportunity to increase the cost of gas by 18 per cent and the price of electricity by 16 per cent in 2011. Since the summer of last year, however, wholesale gas and electricity prices have fallen by 31 per cent and 28 per cent respectively. Wholesale savings are not, therefore, being passed on to consumers.
British Gas claims to have lost as many as 1,800 customers per day since raising tariffs last year, but where can customers go? Short of generating their own energy, customers can only switch from one supplier to the next – and all the suppliers have been accused of profiteering. Households can reduce their reliance on the suppliers to an extent by installing solar photovoltaic panels, double glazing, loft and cavity wall insulation and smart meters.
Published by Katie Anderson on January 30th, 2012 in British Gas, Central Heating, Energy Bills
On Wednesday, EDF Energy became the first of the “Big Six” energy providers to cut energy costs, by announcing a 5% drop in its average gas prices. While electricity prices will remain unchanged, from 7 February customers will see the reduction come into force. Just two months ago the company had increased their gas prices by 15.4 percent%
Over the summer, energy providers – including all of the “Big Six” - raised household energy bills by an average of 16% for electricity and 18% for gas.
Pamela Barton, a widow living on Brougham Street, Skipton, has this month received an energy bill of £2,843.41 – a final demand for payment that includes current usage and arrears.
The last two harsh winters seems to have highlighted a lack of knowledge when it comes to preparing our homes for severe weather conditions. The survey of 2,200 adults aged between 18 and 40 has revealed that 50% of people under the age of 40 are nowhere near clued up about the effects of winter.
Which? asked members of the public to calculate the cost of a domestic energy bill, taking the information from a range of energy providers’ websites, including British Gas, Southern Electric and Eon. But only one person was able to undertake the task successfully.
A groundbreaking venture between British Gas, the UK’s leading energy provider, and the Bio Group will see the construction of a £5million plant that will be capable of processing food waste from takeaways and curry restaurants, as well as hotels and businesses.
The first of a new generation of smart meters, designed to help customers control their bills and save money, they will provide detailed information of a customer’s energy use. To help monitor the amount of electricity being used, a traffic light system has been implemented to warn households when they are using large amounts of electricity.