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In response to the marked increase in the default tariff cap from April 2022, on 3 February the Chancellor, Rishi Sunak, announced measures to support domestic gas and electricity customers in England, Wales and Scotland. There would be a £200 discount on energy bills, to be given in the autumn and paid back by customers in later years.
The Big Six were the United Kingdom's largest retail suppliers of gas and electricity, who dominated the market following liberalisation in the late 1990s. By 2002, six companies – British Gas, EDF Energy, E.ON, RWE npower, Scottish Power and SSE – had emerged from the 15 former incumbent monopoly suppliers (the 14 regional public electricity suppliers and British Gas).
Octopus Energy Group is a British renewable energy group specialising in sustainable energy. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Headquartered in London, the company has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New ...
Experts have explained why British Gas has reported its highest-ever first-half profits of almost £1bn while households continue to struggle to pay huge bills amid the cost of living crisis.. The ...
It is the largest supplier of gas to domestic customers in the United Kingdom, and one of the largest suppliers of electricity, operating under the trading names Scottish Gas in Scotland, British Gas in England and Wales and Phoenix Gas in Northern Ireland. It owns Bord Gáis Energy in Ireland. The company also provides household services ...
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In October 2017, Prime Minister Theresa May announced her intention to introduce a cap on standard variable tariffs for energy customers, to be designed and implemented by Ofgem. The Domestic Gas and Electricity (Tariff Cap) Act 2018 (c. 21) received royal assent on 19 July 2018.
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