A number of the UK’s energy suppliers have penned a letter to the government expressing concerns over the new measures proposed in the Energy Prices Bill which grant ministerial powers in the energy sector.
Octopus Energy and E.ON have deemed the energy discount incentive proposed by National Grid ESO's demand flexibility service too low, arguing less customers will sign up because of this.
The Green Party has laid out its plan to tackle rising energy costs, calling for the nationalisation the UK’s top five energy firms in order to “avoid a catastrophe this winter”.
E.ON has seen it’s profits soar amid the background of continued high wholesale prices, with annual profit growth from £5.2 billion Core EBITDA to between £5.8 billion and £6 billion.
The first meeting of the UK’s Green Jobs Delivery Group has today (11 May) taken place, co-chaired by energy minister Greg Hands and E.ON CEO Michael Lewis.
The size and scale of the current energy crisis and the knock on impact on consumer bills is now “beyond what this industry can deal with”, according to ScottishPower’s CEO Keith Anderson.
