. Energy News .




.
ENERGY NEWS
British energy price hike stirs anger
by Staff Writers
Perth, Scotland (UPI) Aug 24, 2012

disclaimer: image is for illustration purposes only

An impending 9 percent energy price hike from British household energy provider SSE this week brought protests from politicians and consumer groups.

SSE, Britain's second-largest energy company, announced Wednesday it will increase consumer prices for both electricity and natural gas by 9 percent beginning Oct. 15, citing increased wholesale gas costs and other factors.

The Perth, Scotland, energy supplier -- formerly known as Scottish and Southern Energy -- said the price hikes were "unavoidable" due to "sustained increases" in wholesale prices.

The company also blamed the cost of using Britain's electricity and gas networks as well as "mandatory government-sponsored schemes that are passed on to customers."

The price rise will affect 5 million electricity customers and 3.4 million gas customers, who will see their average standard dual-fuel bill jump by more than $160 a year from $1,863 to $2,025, The Guardian reported.

"In a time of economic difficulty, we have endeavored to keep energy bills as low as possible," SSE Chief Executive Ian Marchant said in statement. "That is why we pledged last summer to cap our energy prices for as long as possible and until at least August 2012 and then in January extended this pledge to October 2012.

"Unfortunately, the increases in costs that we have seen since making this pledge can no longer be absorbed and mean that we are unable to keep prices at their current levels beyond this autumn. An increase in our prices has therefore, regrettably, become unavoidable."

While the stock market responded favorably -- SSE's share price surged 1.2 percent to $2.15 on the London Stock Exchange Wednesday -- some members of Parliament and consumer groups accused it profiteering and predicted Britain's other "Big Six" energy companies would soon follow suit.

John Robertson, a Scottish Labor Party MP and a member of Parliament's Energy and Climate Change committee, cited SSE's 2011 profits of $2.1 billion and called the price hikes "irresponsible," The Telegraph reported.

"The fact is SSE energy barons have irresponsibly hiked its prices yet again, while lining their pockets with inconceivably huge amounts in profits. This Tory-led government needs to start putting people before business and do something about it," Robertson said.

Labor Party Shadow Energy Minister Tom Greatrex said the move will throw more Britons in "energy poverty."

"Hard-pressed families and pensioners struggling to make ends meet thanks to the double-dip recession made in Downing Street, will be astonished that SSE, who have seen their profits increase, are now imposing another round of price hikes," he said.

Consumer group uSwitch, which helps energy customers compare prices of services offered by providers, called the SSE price hike "a serious blow for cash-strapped consumers. With winter on its way households will now have to brace themselves for higher fuel prices too."

Ann Robinson, the group's director of consumer policy, noted 83 percent of British households indicated last winter they have rationed their energy use because of cost.

"A round of price hikes this winter will condemn many more to this misery," she said.

Related Links





.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY NEWS
India's Reliance Power and China Datang ink deal
Mumbai (AFP) Aug 24, 2012
India's Reliance Power announced on Friday it had signed a deal with China Datang Corp to develop and operate power and energy projects in the energy-hungry South Asian nation and abroad. The companies plan to develop Reliance's three coal mines in Indonesia and maintain and operate power plants in India and other markets, said a statement, which did not disclose financial details. State ... read more


ENERGY NEWS
Vecmap tracks the Asian bush mosquito

NASA Selects Combined Data Services Contract For Polar Satellites

Proba-1 microsat snaps Olympic neighbourhood

Sparse microwave imaging: A new concept in microwave imaging technology

ENERGY NEWS
A GPS in Your DNA

Next Galileo satellite reaches French Guiana launch site

Raytheon completes GPS OCX iteration 1.4 Critical Design Review

Mission accomplished, GIOVE-B heads into deserved retirement

ENERGY NEWS
Myanmar in deforestation crisis

Widespread local extinctions in tropical forest 'remnants'

Marine research in the Brazilian rain forest

Thai forces 'kill 38 Cambodian loggers in six months'

ENERGY NEWS
Biorefinery makes use of every bit of a soybean

Warning issued for modified algae

Genetically Engineered Algae For Biofuel Pose Potential Risks That Should Be Studied

Argentina unhappy over EU biofuels curbs

ENERGY NEWS
Novel technique to synthesize nanocrystals that harvest solar energy

As smart electric grid evolves, Virginia Tech engineers show how to include solar technologies

Australia leads in rooftop solar

First Light Technologies Lights up St. Pete Beach

ENERGY NEWS
Maximum Protection against Dust; Minimal Effort

US Wind Power Market Riding a Wave That Is Likely to Crest in 2012

Wind farms: A danger to ultra-light aircraft?

Off-shore wind power project considered

ENERGY NEWS
China's Yancoal Australia reviews expansion plans

BHP warns of Australian job cuts

53 rescued from China coal mine: state media

Huge Australian coal mine wins conditional approval

ENERGY NEWS
Tibetan monk tortured and imprisoned: rights group

Dissenters locked in China mental hospitals: rights group

China stamps down on Gu 'body-double' rumours

Canadian body parts victim was Chinese-Canadian: police


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement