The Week in Energy 02/10/2018

Millions switch energy supplier as households suffer record breaking year for price rises

As colder weather has begun to bite, analysis shows 12 million households on standard variable tariffs have been hit by price hikes so far this year, according to uSwitch.


Energy tariffs that charge switchers early exit fees double in a year

Households are locked in by exit fees on twice as many energy tariffs as a year ago. The number of deals that carry exit fees has increased to 43pc of the market, compared with 21pc last year.


Shell offers £350k funding pot to low-carbon businesses

Energy giant Shell has announced that it is on the lookout for the UK’s most promising low-carbon businesses, offering a funding pot of £350,000.


Brits fork out £300 a year extra on energy bills with 43 price rises in 2018

Households are being battered by energy firms – with 43 price rises so far in 2018. The hikes announced so far will affect 12 million households by an average of 7% (or £70) each.


UK EV charging manufacturer secures £13m funding

Electric vehicle (EV) charging manufacturer EO Charging has secured funding totalling £13 million from a London-based investor. EO Charging will use the investment to expand the company’s team and for product development


Labour conference: Corbyn Swansea tidal lagoon pledge

Jeremy Corbyn has promised to back proposals for a tidal power lagoon in Swansea Bay if Labour wins power.


UK energy regulator takes action over energy supplier complaints

Energy market regulator Ofgem said it has opened compliance cases into First Utility, Ovo Energy and Utilita and is expanding a recent case on Iberdrola ScottishPower.

 


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