The All Party Parliamentary Group has published a report on energy costs. The guide provides information about the structure of Great Britain’s wholesale gas market and the level of competition in the market compared with those of other member states in the European Union.
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In response to the Oppostition announcement about bringing in new powers to cut energy bills and freeze prices until 2017, Lawrence Slade, chief executive said:
One hundred thousand more households switched electricity provider in February compared with January. This is an increase of around 50 per cent from month to month. The latest switching data shows that 317,000 households chose a new deal, well above the monthly average for 2014. Net switches to small suppliers also increased to 82,000. 25 per cent of all switches in February were moves to smaller electricity providers.
Energy has once again stepped up its investment in the next generation joining the industry. There has been an increase in the intake of apprentices to 2,160 since 2011. This week marks the eighth annual National Apprenticeship Week and energy suppliers are committed to continuing their investment in the future of the energy industry by hiring more trainees.
In response to Caroline Flint’s statement Lawrence Slade, chief executive of Energy UK said:
Fuel Poverty Awareness Day is the national day of action, raising awareness of the problems faced by low-income households. The initiative, coordinated by National Energy Action (NEA), falls at the end of its winter Warm Homes Campaign. Home Heat Helpline supports the initiative and will be working closely with the NEA on future campaigns.
In response to the Contracts for Difference allocation round results. Energy UK said:
Energy plays a fundamental role in our everyday lives. Electricity and gas contribute to our economy by manufacturing, commerce and local businesses. Energy also keeps people and their households warm and connected.
In response to the publication from the Competition and Markets Authority, Energy UK said:
Switching energy supplier is one of the quickest and easiest ways for households to cut down on their energy bills. New, cheaper tariffs are being launched every week meaning that customers could save hundreds of pounds on their annual bill. The savings are even greater for households who haven’t switched in a long time.
More than 211,000 households changed electricity supplier in January to find a deal that works best for them. This represents a return to the usual switching levels following the traditional increase over November and December. 26 per cent of all switches were moves to small suppliers. This is an increase of around 5 percentage points in comparison to the previous month. Small suppliers gained a net 56,000 new customers.