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Uk’s energy giants fined £10.8 million for smart meter shortfall

In a significant development within the UK’s energy sector, major household energy suppliers, including British Gas, OVO, Bulb, E.ON, Scottish Power, and SSE, are set to collectively pay a substantial penalty of nearly £11 million for falling short of the 2022 smart meter installation targets set by the industry regulator, Ofgem. This financial penalty will […]

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SP Energy Networks Receive Investment Boost

In a significant move towards bolstering the infrastructure for an electric vehicle (EV) and heat pump-powered future, SP Energy Networks is embarking on a substantial investment of approximately £24 million in its electricity transmission network in Scotland. This substantial multi-million-pound commitment aims to facilitate a more connected and resilient network for its customers, enhancing the

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The Energy Price Guarantee: What You Need to Know About Unit Rates and Standing Charges

What is the energy price cap on bills? The energy price cap is a regulatory measure implemented by the UK government to limit the amount that energy suppliers can charge their customers for their gas and electricity. The price cap was introduced in January 2019, and it is reviewed twice a year by the energy

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The UK Budget – How Does The Government Control Public Spending?

With the rising expenditure on energy bills in 2022, there have been increasing calls for the central government and local authorities to take action to support households struggling with high energy costs. In response, the government has pledged to spend £500 million to provide support for energy bills, particularly for low-income households. This funding was

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