Keep up to date with the latest news across Energy, Telecoms and Merchant Services.
We share articles on utility providers, pricing, regulatory bodies and general pieces of interest.
Ministers should establish a new energy commission to spur on construction of power stations because successive governments have failed to encourage enough fresh power capacity in the UK, according to a House of Lords report.
Subsidy-backed growth in renewable energy projects, such as windfarms, has deterred the construction of new conventional power plants, the economic affairs committee claimed.Read more
Offering practical advice for small business owners, energy expert Jason Smith explains how to handle rising energy prices as your company expands.
Some business costs are often overlooked because they’re seen as relatively fixed, or are just part and parcel of running a business, with gas and electricity often falling into this category.
But, whether your company is growing fast, on a steady trajectory, or a startup, those energy costs can be reduced if you know how.Read more
Here, Shaun Underwood, director of pay-as-you-go energy provider Utilita, reveals his top tips to help micro business owners reduce the cost of energy bills and get the best possible deal from their supplier.
In the domestic market, almost five million people switched their electricity provider in 2016 – up by a quarter on 2015. This is in stark contrast to the business market where one in five UK micro businesses only review their deal every two to five years, with one in ten admitting they have never shopped around, according to a Censuswide survey.Read more
Britons could save hundreds of millions a year as credit and debit card fees added to payments for goods and services are axed from January.
All extra charges added to payments for goods and services made by card are to be outlawed, ending a “rip-off” that costs Britons hundreds of millions of pounds a year, the government has announced.
Fees for paying with plastic – most commonly a credit card – are routinely levied on everything from low-cost flights and tax bills to cinema tickets and takeaway meals, but the Treasury announced that these would be consigned to history from January 2018.Read more
More than half of all payments in the UK were made on a card in 2016, according to the British Retail Consortium (BRC). This is the first time cards have overtaken cash, driven in part by an increase in customer willingness to use cards for lower value payments, said the BRC.
Retailers investing in card payment technology also fuelled the change, while the introduction of lower handling and transaction fees, introduced under the EU Interchange Fee Regulation (IFR), helped save retailers and customers an estimated £500 million ($645.35 million).Read more
British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.
Gas prices are unchanged, but the average annual dual-fuel bill for a typical household on a standard tariff will rise by £76 to £1,120, up by 7.3%.
Centrica said the rise was a result of transmission and distribution costs and the costs of government policy.
But the government said its policy costs "could not explain" the rises.
Centrica said the price increase was its first since November 2013, adding that British Gas was one of the last suppliers to raise prices.
The company said it would protect its most "vulnerable customers" against the rise and that British Gas would credit more than 200,000 people on the government's Warm Home Discount with £76.Read more