The big six energy firms have £204million held in closed business accounts and so far, no decisions have been made as to what to do with it...
With the aforementioned changes set to take place regarding the Confidence Code and likely reaction to this news from the comparison sites, things may well become more transparent in the near future. Until then, consumers are urged to ensure they are selecting the appropriate options when checking prices and be aware of the best deals being filtered out...
Energy prices may have been driven so high due to the amount of regulation piling costs on energy firms and holding back
Energy bosses will now face up to two years in jail if convicted of manipulating energy prices for their own gain, Lib Dem
Regulator Ofgem has ordered energy companies SSE and UK Power Networks (UKPN) to pay an additional £3.3 million after a probe
Energy giant SSE enjoyed a 9.6% rise in pre-tax profits to £1.55 billion for the year to 31 March, compared with £1.4 billion
Energy supplier E.ON is to pay a record £12 million to vulnerable customers after an investigation found it broke energy
Energy giants are set for a £2 billion windfall over the next three years due to ministers over-estimating how deeply they
Energy giant British Gas has been ordered to pay £5.6 million in compensation and fines for blocking business from switching
We have known about excessive profits for years. Year on year we saw companies making billions in profits and then hiking their prices again just months later... I have not always agreed with my Party that Ofgem should be abolished, but my faith in them has hit rock bottom. I have to ask myself why this has not been done sooner.