Energy companies should be more transparent and structured in the way they justify price increases. The disparity between what Ofgem and the energy companies have said has left the latter in an awkward position. The four energy firms that have announced price hikes so far, have said that the rises are due to increasing wholesale prices, and the cost of transporting energy to homes.
Four in 10 people have told us they can't reduce energy use any further as they have already cut down as much as they can. In addition, three in 10 say they don't know how they will heat their homes this winter. Now, Which? has calculated that up to £1.8bn per year could be shaved off consumer costs.
Whether man-made climate change is occurring or not, there are few who would argue against a move towards low-carbon energy generation. One way or another, carbon emissions must be cut. Forget the tired anti-nuclear rhetoric and the ridiculous claims that a Fukushima-style disaster could hit the UK. Third generation nuclear is the way forward and the new reactors planned at Hinkley Point are the first step in the right direction.
On Monday, the UK woke-up to the news that the government had struck a deal to build our first new nuclear plant in over 18 years. The 3.2GW plant, named Hinkley Point C, has been touted as a job-maker and a boost to our energy security. Worryingly, however, the design of this nuclear reactor may be flawed, potentially exposing the UK to huge financial risks, as well a gravely unsafe nuclear plant.