Eight Member States are being slow to take the necessary measures to complete the internal EU energy market by 2014. To achieve this, timely and complete transposition of EU legislation on the single market of gas and electricity into national law is crucial. Opening energy markets for competition is key to competitiveness of the EU … Read more
UK primary energy production fell by a record 14 per cent in 2011 to 136.3 million tonnes of oil equivalent, following sharp falls in output from the UK Continental Shelf as a result of maintenance activity and slowdowns. On an annual basis, petroleum was down by 17 per cent, with gas production down by 20 … Read more
A mid-term review of the European Energy Programme for Recovery has found that offshore wind energy is the strongest performer of the three areas selected for funding in terms of investment, creating jobs and putting investment in place quickly. The Eur4 billion European Energy Programme for Recovery (EEPR) was launched in 2009 in response to … Read more
EDF Energy has announced it will cut gas prices by 5%, making it the first major energy supplier to lower prices this year. The move, effective from 7 February, follows in the footsteps of smaller energy firms Co-operative Energy and Ovo Energy, who have already announced price decreases. The price cut will be on gas, … Read more
Four million complaints were received last year by the UK’s ‘big six’ energy companies – British Gas, EDF Energy, Eon, Npower, SSE and Scottish Power – and tens of thousands were still unresolved after eight weeks, according to a new Which? investigation. A Which? survey reveals that 40% have had a problem with a gas … Read more
A decrease in both gas and electricity prices drove the Bord Gais Energy Index 1% lower for the month of December but it was 5% higher for 2011 as a whole. The ongoing European sovereign debt crisis, fears about global economic growth in 2012 and a mild start to the winter across Ireland, the UK … Read more
Payzone, Ireland’s largest consumer payments network, has introduced a new ‘top up’ payments solution, that will support the roll-out of modern PrePayment Meters (PPMs) in the gas and electricity markets. Installations of the new PrePayment Meters to eligible electricity customers commenced earlier in November as part of a three year roll-out plan aimed at over … Read more
The Commission for Energy Regulation has decided to implement a debt flagging facility within the Irish gas and electricity market to alert energy companies when customers wishing to switch suppliers already have outstanding energy bills. The flagging mechanism will apply to domestic gas or electricity customers owing €250 or more for over 42 days, and … Read more
Bord Gais Eireann is showing strong growth in its gas and electricity businesses, continued development of new assets and a significant increase in its energy customer numbers. Despite the challenging domestic environment, the company performed well in 2010. Turnover grew by 12% to Eur1.51 billion, while profit before tax remained relatively stable at Eur120 million. … Read more
In 2009, oil remained the main source of energy in the EU27, with a share of 37% in the total gross inland energy consumption. However, there have been changes in the mix of sources contributing to gross inland energy consumption over the last decade. The share of renewable energy has almost doubled, from 5% of … Read more