Thirteen fixed-rate energy tariffs are set to expire in the coming weeks, leaving consumers facing bill hikes if they don’t make the switch now.
EDF Energy will pay £3m to vulnerable customers, making amends for its failure to handle consumer complaints effectively.
From 25 July changes to the Green Deal Home Improvement scheme will mean less cash for environmentally-minded homeowners.
British Gas will pay £1m in compensation after admitting to poor sales practices in a London shopping centre and Sainsbury’s stores nationwide.
Energy customers whose fixed rate tariffs expire in August 2014 could find their bills increasing by up to £150 per year if they don’t switch providers.
Regulator Ofgem has referred the energy industry to the Competition and Markets Authority (CMA) for a full investigation to assess whether barriers to competition exist.
Big Six energy provider npower has been told by regulator Ofgem to resolve “major billing issues” by the end of August or cease telesales operations.
Consumers will be able to switch energy provider in just three days from the end of the year following an agreement between the industry regulator, Ofgem, and suppliers.
Energy suppliers should use the latest attack by the regulator to regain customers’ trust, according to industry experts.
A far-reaching new report has unveiled a widespread lack of trust in gas and electricity suppliers and significant levels of confusion and anxiety about energy bills.
More than 13 million British households are in credit with their energy supplier and could reclaim up to £1.2bn between them, research suggests.
Energy giant SSE has posted annual profits of £1.55bn, a 9.6 per cent rise compared with a year earlier.
Energy provider E.ON has agreed to pay £12 million in compensation after found guilty by regulator Ofgem of “extensive poor sales practices”.
Npower received more customer complaints than any other large energy supplier last year, according to Citizens Advice.
British Gas will not raise prices this year, its parent company Centrica announced today, despite slashing its earnings outlook.
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