quote
menu

Energy News 08/09/2017


What’s big in the world of energy this week? 

Hacking group Dragonfly has infiltrated European and US energy companies and could ‘flip the power switch at will’  – The Sun

Hackers have successfully gained access to energy companies in the US and Europe, raising fears that a cyber attack could be imminent. A successful attack on the energy grid could lead to widespread blackouts, causing chaos for customers and businesses alike. Many businesses are unprepared for the impact such an attack would have.

Ofgem to tear up the rule book on energy customer contact – The Telegraph

At the moment, Ofgem has a set of rules that govern how and when suppliers contact customers. In a bid to keep up with a fast moving market, and discourage the exploitation of loopholes, the regulator will be loosening these rules – giving suppliers more freedom in how they speak to their customers.

Profit margins at big six energy firms hit highest level on record – The Guardian

As suppliers are lambasted for rising prices, profit margins at the firms have soared – at least according to new research by Ofgem. However, as you can see below, the figures may not be all they seem…

Energy companies profits at their highest level ever? – Full Fact

Independent fact checking charity Full Fact looked into the claims regarding the profits of energy suppliers and found a more mixed picture than the headlines suggest. Whilst average profits have indeed increased there is a lot of variation between suppliers – with NPower posting a loss. In fact, only two companies actually had their highest ever profit margin (E.On and SSE).

Good news for householders: More competition expected as new supplier to offer unlimited electricity for set monthly fee – The Independent

Could we one day pay for our energy the way that we pay for our mobile data? Maybe if one new North American supplier has their way. Just Energy has introduced a new tariff that allows customers to use however much energy they want, within a set band, if they play a flat fee each month.

6 things to watch on the energy and climate front – Politico

Brexit, the Paris Agreement and antitrust – there’s a lot going on at the moment. This article gives a concise lowdown of the big issues of the moment, and why they’re important.

Better energy efficiency measures could cut UK costs by £7.5bn – The Guardian

The UK Energy Research Centre claims that energy efficient behaviour could shave £7.5bn off energy costs and save as much as six nuclear reactors. The catch? The Government would have to switch their focus to policies that encourage energy efficiency – and some improvements could take up to 20 years to pay for themselves.

Remember to keep up to date with all the latest energy news and small business advice by following us on Twitter@switchmybiz.

Related Articles

Scottish Power logo

Total Gas & Power

Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...

Read More
SSE logo

SSE

SSE is one of the UK’s leading business energy suppliers, catering for around 500,000 business with electric...

Read More
Scottish Power Logo

Scottish Power

Scottish Power has been operating since 1901 and is now owned by Iberdola, a Spanish energy firm that is one o...

Read More
Excellent, 9.7 / 10

Renewel for electricity

"Spoke to Bhavni at SwitchMyBusiness to see if I could get a better deal on my shop electricity. She was very helpful and got me a better deal for my premises. Highly recommended in all departments. Thanks again, Glen"

This review was posted by Glen Thomas on the 21st of February 2018

Jess Purnell was very helpful

"Jess Purnell was very helpful, found great prices and offered to sort the documents for cancellation with my existing supplier."

This review was posted by Elizabeth Hay on the 21st of February 2018

Thank you Bhavni for all your help

"Delighted to have come across SwitchMyBusiness yesterday. Bhavni was a delight to deal with and made the whole process very easy for us to renew with our current supplier at a cheaper rate than they had offered us. Refreshing to deal with a company that are not pushy or just talk at you! Thank you Bhavni for all your help. Alison Dairy at Daviot"

This review was posted by Alison on the 21st of February 2018

thank you nicole for your kind help to…

"thank you nicole for your kind help to set up my business electric account fantastic service and your personal touch thank you"

This review was posted by Sam Raju on the 19th of February 2018

Aaron Gallagher recently helped me…

"Aaron Gallagher recently helped me switch the gas and electricity supply for our business. He was extremely helpful and well informed which was great for me as I know nothing in this area! He saved us a small fortune and dealt with all of the switch for us which again was extremely helpful as it wasn't completely straightforward. Thanks again for you help Aaron, it was so appreciated."

This review was posted by Rachel on the 17th of February 2018