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Will more competition in energy market drive down utility bills?

Why is my electric bill so high?

That's what many consumers and small businesses have been asking as the UK's big six energy firms face accusations they've been ramping up prices to increase profits.

The situation has caused consumer groups to write to regulators calling for the 'big six' companies to be broken up in an attempt to increase competition and drive down prices across the industry.

The joint letter, written ...

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Rules for best energy deals ‘baffling’

New rules designed to simplify energy customers' search for cheaper average utility bills aren't going far enough, claims a consumer watchdog. Power regulator Ofgem's standardised tariff reforms have left two in three consumers still unable to work out the best deal, according to Which?

The consumer watchdog asked people to identify the cheapest deal using the standard tariffs of the 'big six' energy suppliers - British Gas, EDF, E.ON, Npower, Scottish Power and SSE.

Only a third ...

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How many people are in debt to utility companies?

Well over a million UK consumers were in debt to energy suppliers last year, a new report reveals.

But Ofgem says despite the rise in utility bill debts, the number of gas and electricity disconnections fell to an all-time low, totalling just 557.

The energy regulator's annual Social Obligations Report shows 5% of energy accounts - 1.3 million electricity accounts and 1.1 million gas - were in debt. But the number of agreed repayment plans also increased in ...

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How ‘Big Six’ energy rises break down

MPs are set to grill directors from the "Big Six" energy companies over recent price hikes that could leave three in ten households in the UK struggling to afford heating in the coming months.

ScottishPower, EDF, RWE npower, British Gas, E.ON and SSE will be called to account by the Energy and Climate Change committee over their inflation-busting pricing policies.

The regulator Ofgem has claimed that while the rises from some of the firms have hit an average ...

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On a fixed tariff? Ofgem bans fixed energy deal price rises

Energy firms have been banned from increasing prices for customers on fixed tariff deals under new rules brought in by the industry regulator.

Ofgem said customers would now be sure that "fixed means fixed" and that their bills and conditions will not be changed if they sign up for a fixed deal.

The measure was brought in because providers were able to raise prices on fixed deals by linking them to standard tariffs, which meant they could still ...

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Can Ofgem break up UK’s ‘Big Six’ and lower average utility bills?

Average utility bills could be forced down in new measures to break-up Britain's 'Big Six' energy companies' stranglehold on the UK power market. Energy regulator Ofgem has told British Gas, EDF, E.ON, NPower, Scottish Power and SSE that they face fines unless they open up the electricity market to competition from smaller independent competitors. Ofgem wants to make it easier for independent rivals, such as Co-operative Energy, Ecotricity, Ebico and First Utility, to buy and sell power. The regulator says the 'Big Six' cannot refuse any reasonable requests from smaller competitors to buy electricity at a fair price using fair ...

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