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Which? warns of electricity meters with 'wrong time'

Electricity meter clocks showing the wrong time are going unnoticed, meaning up to 3.9 million households on reliant tariffs could be paying too much, consumer group Which? has reported.

Which? says some electricity meter clocks are 'showing wrong time'.

The watchdog said several members had come forward to warn that their meter clocks had been showing the wrong time, potentially leaving them "significantly out of pocket".

Time-of-use tariffs such as Economy 7 and Economy 10 offer customers a lower rate for electricity during some hours and a higher rate for others.Some 3.9 million UK households are on these types of tariff.

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ScottishPower announces home dual fuel bill cut of £54

ScottishPower will reduce its domestic gas and electricity prices on January 31 following the measures recently announced by the UK Government to curb non energy costs.

A typical dual fuel household annual bill will reduce by £54, made up of a 3.3% reduction in standard tariffs for dual fuel customers – £42 per annum. It also includes a universal rebate to be paid to customers in line with the government timetable - £12 per annum.

This reduction will bring the average annual bill for a dual fuel customer paying by monthly direct debit down to £1,199 per annum. It should benefit 2.2 million households.

Trust in energy companies 'at rock bottom'

Trust in energy companies is at rock bottom and consumers don't have the right information to hand to make informed choices about where they get their energy.

Most consumers simply don't know how to interpret their energy bills and this puts them off attempting to switch suppliers.

The Government should be doing all it can to increase competition in the energy market and must make it easier for new entrants to join the market.

– Committee chairman, Tim Yeo

Energy suppliers 'should display profit' on customer bills

MPs say energy firms should tell every customer what proportion of the bill goes towards their profit. Under the proposal annual statements would give details of operating costs, wholesale prices and profits.

The Energy and Climate Change Committee called for householders to be given a detailed breakdown
The Energy and Climate Change Committee called for householders to be given a detailed breakdown Credit: Press Association

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Scottish Power boss: Energy targets 'achievable'

Keith Anderson, the Chief Corporate Officer for Scottish Power, told ITV News that reducing electricity by 2020 was 'achievable'.
Keith Anderson, the Chief Corporate Officer for Scottish Power, told ITV News that reducing electricity by 2020 was 'achievable'. Credit: ITV News

Keith Anderson, the Chief Corporate Officer for Scottish Power, told ITV News that the targets set in today's Energy Bill for a 40% electricity reduction by 2020 were "achievable".

"What's been announced today really sets the framework to allow the industry to come forward with the investment the country needs to deliver a low-carbon future for the UK.

"Those targets are very ambitious but certainly achievable."

Energy UK CEO: 'Bill is a positive step'

Angela Knight said the Energy Bill is a 'positive step forward' but called for more detail.
Angela Knight said the Energy Bill is a 'positive step forward' but called for more detail. Credit: PA

The trade association for the energy industry described today's Energy Bill as a "positive step forward" but called for more detail to give investors clarity and confidence over the direction the UK is taking on energy policy.

Angela Knight, Chief Executive of Energy UK, said: "The capacity market proposals will mean that gas power stations will be there, not just to keep the lights on while the new nuclear power stations and renewables are being built, but also for the longer term future.

"This means that the huge investment will now start being made in our energy infrastructure and this will create jobs and help economic recovery. At the same time, a focus on affordability for households and for businesses of all sizes, now and during these changes, is essential."

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