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September 28, 2005
New Powergen Capped Price Tariff launched today
Powergen today has launched a new capped price energy tariff, where the prices are capped until 2007.
With this latest tariff Powergen has said that the domestic gas and electricity customer will benefit from the following:
* Guaranteed no price increases until October 2007
* Know exactly what your energy bills will be for the next 2 winters
* Prices can go down
* No Cancellation Fee
* 10% Direct Debit discount
* Tesco Clubcard Points for every £1 spent on energy
With all the recent changes to domestic energy prices Energylinx would recommend that anyone who has not carried out a review do so as soon as possible.
If you wish to carry out an online comparison to see how this latest capped price energy deal from Powergen fairs with the rest of the energy market feel free to use the following calculators.
If you do not have access to the internet call Energylinx on 0845 225 2840 and we will send you a free detailed personal energy quote:
These Energylinx calculators are unique in that they allow you to compare the prices of all energy suppliers.
Energylinx will arrange the whole transfer process for you, including notifying your existing supplier of any planned change and tracking the transfer to ensure that it occurs on time and accurately. Energylinx provides its services completely free of charge to the domestic consumer.
Posted by energylinx at 05:45 AM Technorati: Energy Prices
September 16, 2005
Utilita increase their domestic gas prices
Utilita, the UK's first company who designed their electricity and gas tariffs on the basis that they would not only help you save money but they would help reduce your actual energy consumption has today announced some changes to their domestic gas prices.
Utilita's tariff pricing structure is referenced against the local electricity supplier for your area and the current standard tariff from British Gas.
With British Gas increasing their prices last week, Utilita has announced an increase in its domestic gas prices today.
With gas and electricity prices set to continue on an upward spiral Energylinx would encourage everyone to carry out a comparison of all the tariffs available to them.
The unique, 100% impartial energy price comparison service, accredited by energywatch and provided free of charge by Energylinx lists every single tariff available to your home and allows you to transfer online or by phone to the best possible tariff.
If you wish to carry out an online comparison feel free to use the following calculators:
These Energylinx calculators are unique in that they allow you to compare the prices of all energy suppliers.
Energylinx will arrange the whole transfer process for you, including notifying your existing supplier of any planned change and tracking the transfer to ensure that it occurs on time and accurately. Energylinx provides its services completely free of charge to the domestic consumer.
Posted by energylinx at 11:45 AM Technorati: Energy Prices
September 09, 2005
British Gas increase domestic gas and electricity prices
British Gas, today announced it is to increase domestic energy prices. This follows recent moves by Powergen and EDF Energy.
The 14.2 per cent increase in gas and electricity prices takes effect from 19 September 2005 and comes on the back of record highs in the cost of wholesale gas driven by soaring oil prices and declining North Sea gas reserves.
An independent
report from Global Insight 1 this week found each ten dollar per barrel increase
in the price of crude oil gives rise to a 7 p per therm increase in wholesale
gas prices or an extra £50 a year2 on the average domestic gas bill.
Global Insight found that the oil-gas linkage resulted from non-liberalised
markets in Europe and could cost the UK an additional £10 billion in 2006. With average savings of over £150 available to customers transferring for the first time, Energylinx would recommend that everyone carries out a price check to ensure that they currently have the best deal available to them. Energylinx offers its services for free and will take care of all of aspects of the transfer for you. These Energylinx calculators are unique in that they allow you to compare the prices of all energy suppliers. Energylinx will arrange the whole transfer process for you, including notifying your existing supplier of any planned change and tracking the transfer to ensure that it occurs on time and accurately. Energylinx provides its services completely free of charge to the domestic consumer.
The current forward price of gas for the second half of 2005 is 50 per cent
above the same period in 2004 and 31 per cent above the market price for the
first half of 2005. For electricity, it is 61 per cent and 43 per cent higher
respectively.3 British Gas is not fully passing through these higher commodity
costs in this price increase as it continues to try to mitigate the impact on
customers, including an intense focus on driving down operating costs.
Amid concern about the impact of rising energy costs on the fuel poor, British
Gas will be offering support to a quarter of a million of its most vulnerable
customers through a rebate4 of up to £60. For the average customer, this
will offset the impact of the price increase this winter. This is the biggest
single social initiative carried out by any UK energy company. It comes on top
of the existing £10 million British Gas Energy Trust Fund which is helping
customers in debt who need financial assistance to pay their bills.
The one million customers who signed up to the British Gas Price Protection, which
caps energy prices until 2007, will not be affected by the price increase until
April 2007. British Gas is now launching a further fixed price product, enabling
dual fuel customers to fix their energy prices until 2010 at no extra cost5. The increases will also not effect the range of "Discounted Electricity" tariffs, as these will be capped until 1 January 2006.
Mark Clare, Managing Director, British Gas, said: We are no longer an energy
island - spiralling world oil prices are now having an unprecedented impact on
the cost of gas as the UK is now dependent on imports. In these difficult times
it is more important than ever that our customers take action to save energy and
so reduce their bills. British Gas already invests £130m a year in energy
efficiency measures for customers and we will now offer additional incentives
for those that are prepared to take action. We are also offering a winter rebate
to offset the cost of this increase to our
most vulnerable customers who would otherwise be hit hardest.
Looking forward, British Gas warned that European Union member states must
urgently open their markets if UK consumers were not to suffer even higher
prices. Most major gas pipelines and storage facilities on the Continent are
owned by monopolies or near monopolies and are in practice inaccessible to UK
suppliers wishing to transport gas across Europe.
Price increases are actual not averages and apply to all customers on all
payment methods.
1 Global Insight report - The UK gas market - impacts of interactions with the
wider European gas market. Global Insight stated: ‘The study reveals how limited
liberalisation in Continental gas markets could cost the UK Gas end-user as much
as £10 billion in 2006 (around half of the total value of the gas supply bill).
These costs predominantly arise because the lack of liberalisation has meant
that the pricing of gas on an oil-indexed basis across Europe has been
maintained, isolating the level of European gas prices from underlying supply
and demand dynamics. The study notes how a $10/barrel increase in the cost of
oil can increase the costs of European gas by around 7 pence / therm.’ Contact
Global Insight Media Relations on 020 7452 5183 for a copy of the report.
2 £50 based on annual consumption of 20,500 kWh, and 7p/therm = 0.2388 p/kWh,
giving £48.95 increase (1 therm = 29.3071 kWh).
3 On 5th September 2005 the average forward price for gas for the second half of
the year was 50 per cent above the same period in 2004 (41.27p/therm compared
with 27.56 p/therm) and 31pc above the market price for the first half of 2005
(41.27p/therm compared with 31.44 p/therm. For electricity it was 61pc (i.e.
£40.98/ Mwh compared with £25.53 /Mwh) and 43pc (i.e. £40.98/Mwh compared with
£28.68 /Mwh) respectively. Source: gas prices based on IPE data. Electricity
prices based on Spectron Data and Heren Data.
4 Provides two fixed winter discounts, totalling £40 for gas / £20 for
electricity in two instalments Nov 05/Feb 06. This will fully offset the
additional costs of energy against typical domestic consumption. A member of the
household must be in receipt of eligible benefits.
5 Provides peace of mind and security in a volatile market by providing the
customer a fixed price offering for gas and electricity until 2010. Electricity
is offered at a -4.8% discount and gas at a 2.8% premium against standard
prices. Customer taking both fuels at national average (20,500 kWh gas and 3,300
kWh electricity) and with gas representing 67% of total dual fuel bills, and
single rate electricity representing 33% consumption pays no additional cost.
Limited product offer, cancellation fee applicable. Excludes gas pre payment
customers.
Posted by energylinx at 11:44 AM Technorati: Energy Prices
September 07, 2005
Renewable Wave and Tidal Energy
Renewable wave and tidal energy could provide up to 10 per cent of Scottish electricity production and create around 7,000 new jobs under measures announced today.
Deputy First Minister and Enterprise Minister Nicol Stephen said he was making major changes to renewable energy regulations to kick start multi-million pound investments in marine energy.
The Minister told Offshore Europe delegates at the new Science and Energy Park in Aberdeen that he would take action to award additional Renewable Obligation Certificates (ROCs) to wave and tidal output, with the aim of putting Scotland at the global forefront of marine energy.
Nicol Stephen said:
"The changes I am announcing today will unlock Scotlands marine powerhouse. Tens of millions of pounds of support will be available - with the potential for hundreds of millions to be invested in new wave and tidal projects around Scotland's shores.
"Our aim is to generate up to 10 per-cent of Scotland's electricity from the sea around us. That is equivalent to completely replacing one of Scotland's huge fossil fuelled power stations.
"Industry experts predict that wave and tidal energy could create up to 7,000 new jobs in Scotland. Already we have the technology to become the global capital for the development and generation of energy from worlds oceans. Marine power could become one of our biggest industries of the future.
"We have already done much to support the sector, particularly at the world class testing centre on Orkney. Yet to date in contrast to wind power, we have seen no significant commercial projects for wave or tidal power in Scotland. That has to change.
"To deliver, we need to do more. The costs of installing and producing energy from marine devices remains high. Development on a large scale will drive down costs and make it possible for these devices to power the engine of a sustainable Scotland.
"This funding gap is real and needs to be bridged. That is what todays major announcement will achieve.
"Amending the Renewables Obligation Scotland will mean that wind schemes continue to get support - but wave and tidal projects will get an even greater boost.
"A group of industry experts have advised us that the potential exists to install over one gigawatt of wave and tidal capacity in Scottish waters. In simple terms this is around one-tenth of our total electricity production. These developments will not only boost our renewable energy output, but we can expect to see many new jobs created in the design, manufacture, installation and export of these technologies.
"The opportunity for Scottish business is truly worldwide. Already we have seen Scottish technology being used for a marine power project in Portugal. If we can establish a lead in marine energy, the global potential for our companies is massive.
"We will design the changes being announced today carefully and limit them to marine technology, to maintain investor confidence in all renewable technologies. But let us be clear, wave and tidal energy is one of Scotland's biggest opportunities. We must take action today to produce the clean energy of tomorrow."
The Scottish Executive target is that 18 per cent of electricity generated in Scotland should come from renewable sources by 2010, rising to 40 per cent by 2020.
The Renewables (Scotland) Obligation requires power suppliers to derive from renewable sources a specified proportion of the electricity they supply to their customers. Eligible renewable generators receive Renewables Obligation Certificates (ROCs) for each MWh of electricity generated. These certificates can then be sold to suppliers, in order to fulfil their obligation. Suppliers can either present enough certificates to cover the required percentage of their output, or they can pay a "buyout" price. The Executive will now consider the amendments necessary to the Obligation which will allow additional ROCs to be provided for units of output from wave and tidal devices.
The Forum for Renewable Energy Development Scotland (FRESD) published a report "Harnessing Scotlands Marine Energy Potential" in 2004 which assessed the potential for developing wave and tidal energy in Scotland, and produced an action plan for developing that potential. The report can be found at http://www.scotland.gov.uk/Resource/Doc/1086/0006191.pdf
In you are considering changing to a renewable energy supplier, why not compare every single renewable energy tariff, along with details of the electricity label. It costs nothing to compare or change energy supplier and Energylinx, the UKs No. 1 Guide to Utility Prices, will take care of everything for you.
Renewable Electricity Price Comparison
This Energylinx calculator is unique in that they allow you to compare the prices of all energy suppliers.
Posted by energylinx at 01:11 PM Technorati: Energy Prices
