Tag: electricity

Scotland sees cost of home ownership fall by 4%

Scotland sees cost of home ownership fall by 4%

The cost of owning and running a home in Scotland has declined by 4% over the past two years, according to research by Bank of Scotland. Between April 2008 and April 2010, average yearly expenses fell by £388, from £8,949 to £8,562. In real terms (after allowing for retail price inflation), the figure is down [...]

World’s biggest wind farm planned for Thames Estuary

World’s biggest wind farm planned for Thames Estuary

The 1,000 megawatt wind farm planned in the Thames Estuary near London has been given the go ahead by E.ON UK, DONG Energy and Masdar, and will help the UK meet its carbon reduction target as the Prime Minister Gordon Brown welcomed the development. Frank Mastiaux, Chief Executive of E.ON Climate and Renewables, said that [...]

Utility bills up 28% in 15 months

Utility bills up 28% in 15 months

Households are now paying £353 more per year for gas, electricity, and water compared to the beginning of 2008, research by uSwitch.com has revealed. The price comparison site found that households are now paying an average of £1,595 per year for water, heating, and light, 28% more than the £1,242 per year at the start [...]

Pensioners’ inflation 80% higher than average

Pensioners’ inflation 80% higher than average

Pensioners face inflation rates 80% higher than for the average consumer because their budget only stretches to buy essentials, new research has discovered. Inflation dropped in January to 3% for the average consumer. Over 75s, meanwhile, faced inflation rates of 5.4%, according to research by the Alliance Trust. Younger generations spend more money on consumer [...]

Ten million homes to benefit from energy saving measures

Ten million homes to benefit from energy saving measures

Over 10 million homes in Britain are to benefit from a government initiative to help reduce fuel bills. With gas and electricity costs soaring in recent months ministers have been under pressure to introduce a windfall tax on utility providers as a means of funding cash handouts to the nation’s poorer families. However, the idea [...]