Energy Prices | Energy-Saving News

UK Regulator Says Free Market Has Failed And The Lights Will Go Out

Posted on 05. Feb, 2010 by Ross.

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UK energy market regulator Ofgem, once the strongest proponent of applying free market economics to energy companies, has waved a white flag and acknowledged that the system is failing the country, and that UK energy prices will go up by 20%.
In an amazing about-turn, Ofgem is now recommending a new part-nationalisation of the energy markets [...]

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Malaysian Energy Prices Set To Rise

Posted on 11. Jan, 2010 by Ross.

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Malaysia is bracing itself for substantial energy prices rises, with many companies and industries making a deliberate push towards energy saving solutions in order to counter the possibility of rising cost overheads.
Presently, Malaysia’s tariff rates are the third lowest in the region after Vietnam and Indonesia, but a tariff review will be imminent if international [...]

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Copenhagen Results In Higher Energy Prices

Posted on 22. Dec, 2009 by Ross.

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Whilst power companies in the USA’s Ostrich Block are relaxing in the aftermath of a weak Copenhagen deal, their European counterparts are warning consumers that higher energy prices lay ahead as a result of the feeble international agreement on climate change and its direct effect upon the carbon market, and are calling for the market [...]

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Obama Takes Aim At Fossil Fuel Subsidies At UN Climate Change Conference

Posted on 22. Sep, 2009 by Ross.

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“No nation, however large or small, wealthy or poor, can escape the impact of climate change. Rising sea levels threaten every coastline. More powerful storms and floods threaten every continent. More frequent drought and crop failures breed hunger and conflict in places where hunger and conflict already thrive. On shrinking islands, families are already being [...]

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UK Energy Prices Will Only Go Up

Posted on 21. Sep, 2009 by Ross.

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The big six energy suppliers have told the regulator Ofgem that there is little chance of any further cuts in their tariffs this coming year, responding to calls from Ofgem for them to pass on more of the recent falls in wholesale energy costs.
Ofgem estimates lower costs will boost suppliers’ gross profit on each dual-fuel [...]

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UK Government Plans For A Low Carbon Future With Higher Energy Prices and Green Farming

Posted on 15. Jul, 2009 by Ross.

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The UK Government has today outlined plans for a major expansion in renewable energy as part of its strategy to reduce the UK’s carbon emissions in the coming decade, the impact of which would likely increase people’s and companies’ energy bills in the future.
Following on from the world’s first legally binding Carbon Budget, which requires [...]

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Energy Prices Leave UK Steel On The Brink Of Collapse

Posted on 15. Jul, 2009 by Ross.

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The UK steel industry is facing oblivion in the face of falling demand and high energy prices which make it uncompetitive.
Anglo-Dutch steel firm Corus recently cut 4,000 jobs - a sixth of its workforce - and shut down two furnaces in Scunthorpe and Newport. Rotherham’s electric arc furnace, used for recycling scrap metal, is likely [...]

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South Africa Stung By 31% Energy Price Rise

Posted on 01. Jul, 2009 by Ross.

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Today’s 5% increase in fuel prices will be the last thing on the people of South Africa’s minds as they fill up their cars to get to work and back.
The electricity prices they pay at home, as well as those that their employers face too, have been hiked by a massive 31.3% from today for [...]

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South Korean Energy Prices On The Up

Posted on 29. Jun, 2009 by Ross.

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South Korean energy prices are beginning an upwards trend as the state’s two utilities struggle to balance their books.
Whilst households have to deal with only a 5.1% price rise (with a 20% discount for families with three or more children in order to encourage childbirth), the competitiveness of Korean industries will suffer under a 9.8% [...]

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UK Government Plans Climate Change Adaption, UK Consumers Need To Adapt To £4,700 Energy Bills

Posted on 24. Jun, 2009 by Ross.

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The UK Government is preparing a Adaptation Sub-Committee to help Britain prepare for the effects of climate change, Defra announced today.
Meanwhile, a report (PDF) from price comparison company Uswitch is predicting that households have some adapting of their own to do, with the average energy bill set to quadruple by 2020.
Over the past five years, [...]

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Australia Sees 20% Energy Price Rise

Posted on 21. May, 2009 by Ross.

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Businesses and households in Australia have been left facing a massive 20% increase in their energy bills, increasing the average household bill by over $200 and leaving businesses searching for energy efficiency measures to help save their companies from the extra costs during the recession.
The energy price rises are due to a decision from the [...]