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

DCP228 and Business Electricity

What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...

Read More
energy news

DCP 161 – Excess Capacity Charges

If your business uses a Half Hourly (HH) meter for its energy supply, make sure you’re ready for DCP 161...

Read More
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
Excellent, 9.8 / 10

Honest brokers who will actually save you money!

"I dealt with a gentleman called Mark Weeks. He was extremely efficient, helpful and humerous. He saved me 6 pence per/k/hr, quite the saving when your annual bill is over £12,000. I will be using this service again for my water bill!"

This review was posted by EDWARD Wickman on the 22nd of October 2018

Cheryl Sreenan delivered excellent…

"Cheryl Sreenan delivered excellent customer service, professional and polite but very natural with it - it's great to deal with someone who knows their job and cares about their customers. Great savings too and a quick switch which is always good. Will be looking to switch other businesses when they are out of contract."

This review was posted by Jackie Reeves on the 22nd of October 2018

Excellent service from Pamwan Johnson

"Excellent service from Pamwan Johnson. Polite, professional and was able to provide a much better deal than I was able to secure direct. Would definitely use this service again."

This review was posted by Andrea Kirkham on the 22nd of October 2018

i cant fault the service recieved from…

"i cant fault the service recieved from nicole and daniel"

This review was posted by alexander dawson on the 19th of October 2018

Lorraine was patient and great to deal…

"Lorraine was patient and great to deal with. Highly recommended."

This review was posted by Keith on the 19th of October 2018