UK energy regulator Ofgem has proposed what it called a “sweeping” reform” of the UK energy market that Ofgem says will give competition to the six largest electricity and gas providers – Scottish & Southern Energy, Centrica, Scottish Power, nPower, EDF Energy and E.ON UK – by allowing new providers to compete in the market. [...]
People with the lowest incomes in the UK are more affected by inflation than those with higher incomes, with the lowest earners subject to a higher effective inflation rate than those in the highest income brackets, according to a study from the Institute for Fiscal Studies (IFS), a non-profit economic research institute based in London. [...]
Scottish Power has announced that it will raise prices for gas by 19 percent and for electricity by 10 percent from August 1, raising concerns that other utilities in the UK will follow suit and raise their prices as well. Iberdrola (BMAD: IBE), the Spanish utility company that owns Scottish Power, has blamed the increase [...]
