Energy prices

Energy Secretary Chris Huhne calls today’s energy summit with power companies and consumer groups “encouraging”, and tells householders to shop around for the best deal from suppliers.

To coincide with a government energy summit, Channel 4 News looks at what consumers can do to cut their bills – and finds that annual savings of up to £400 can be made.

As energy companies are set to make £125 profit per customer each year, up from £15 in June, Ofgem introduces a simplified tariff allowing like for like comparison.

David Cameron has given BP permission to begin a new £4.5bn oil project west of the Shetland Islands. BP says the investment will end a “decade of decline” in the industry.

The rise of wholesale energy costs is predicted to put a quarter of households in fuel poverty and may force the government to do a U-turn on its green commitments.

Chris Huhne warns the Tory right not to be like the “madcap” US Tea Party, as a senior Lib Dem tells Channel 4 News differentiating their party from the Tories is a “theme” of the conference.

EDF Energy is raising prices by more than 15 per cent, the last of the major suppliers to put up gas and electricity tariffs for the coming winter months.

Millions of people will be face higher energy bills after utility giant Npower annouced it was raising gas prices by an average of 15.7 per cent.

Exclusive: The Government is seriously underestimating the number of people in fuel poverty according to its own advisor, who tells Channel 4 News the situation is “dire”. Siobhan Kennedy reports.

E.ON customers are set to see their electricity bills rise by 11.4 per cent and gas by 18.1 per cent as the company becomes the latest energy giant to hike the price of household utilities.

British Gas reveals profits of £270m for the past six months, weeks after announcing plans to raise electricity and gas prices.

British Gas has rejected as “disporportionate” a £2.5m fine handed to the firm by energy regulator Ofgem over basic failures in the company’s customer services.

As government figures show a million more households suffering fuel poverty in 2009, consumer groups warn that continued gas and electricity price rises could see this figure soar in coming months.

Energy and Climate Change Secretary Chris Huhne presents a white paper urging more than £110 bn to be spent over the next decade to meet the UK’s future energy needs.