Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

'Big Six' losing out over renewables

The ‘Big Six’ energy companies are seeing their profit margins slump following an increase in competition, according to a report released by environmental charity Friends of the Earth.

The Big Six on the Run: How renewables are disrupting big energy firms everywhere said: “In short, the ‘Big Six’ are on the run. What’s causing them to take fright is the disruptive power of renewable energy – particularly small-scale renewables owned by lots of people.”

The report found that hundreds of thousands of households, businesses and investors have been investing in solar and wind power.

It added that large numbers of non-traditional players have entered the electricity market and are challenging the dominance of the conventional utilities.

It argued renewables will only get cheaper and their deployment will become more widespread.

The charity advised the government to “ditch the Big Six for the Big Sixty Million”, to champion the right of communities to generate and supply their own clean electricity and to allow public bodies such as schools the chance to borrow to cover the upfront costs of installing solar power.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.