Category Archives: Energy price updates

A record of our comments on major changes in gas and electricity prices

SSE joins in….but not just yet

Wholesale Energy January 2012

Wholesale Energy January 2012


SSE today (12 January 2012) became the third of the Big 6 energy suppliers to announce cuts to energy bills as a result of falling wholesale energy costs.
 
With effect from 26 March 2012, SSE will cut gas bills by 3.8% giving a saving of around £28 a year for the average customer. Continue reading

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Where the price hikes overdone….?

Wholesale Prices October 2011

Wholesale Prices October 2011


Ofgem today (14 October 2011) issued its latest Electricity and Gas Supply Market Report. The report calculated that the net margin on supplying a typical, standard tariff dual fuel customer over the next year would be £125 per customer. This represents an increase of £110 from the previous figure of just £15 per customers and is driven almost exclusively by recent energy price hikes by energy suppliers. Continue reading

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British Gas results comment

British Gas, the retail energy brand of Centrica plc, today (28 July 2011) reported results for the 6 months to 30 June 2011.
 
Key features of the results

  • 159,000 domestic customer accounts added (100,000 courtesy of Sainsbury’s Energy).
  • The reported operating profit, at £270m, was 54% lower than the comparable period in 2010, but increased 72% sequentially (half on half).
  • Reported operating margin came in at a respectable 6.5%.
  • The interim dividend was increased by 12%.
  • This was the 10th successive period of sustained profitability despite significant volatility in energy costs and prices over that period.

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