Energy crisis: Govt and energy firms agree runaway gas and electricity bills should be avoided in 2022 but they fail to say how December 28, 2021 The government and UK’s largest energy companies agreed late last night that “UK customers have to be protected” from soaring gas and electricity prices in 2022, although it was not clear how they plan to do that. The meeting with Business Secretary Kwasi Kwarteng came after Labour and a boss of a major energy provider [...]
Government summons energy chiefs for emergency meeting as gas prices climb and climb December 24, 2021 Energy industry bosses have been summoned for a meeting with the government today to address rapidly rising wholesale gas prices. Business Secretary Kwasi Kwarteng will meet with chief executives of major suppliers on Monday, according to The Times, which reports the bosses are likely to ask for tax cuts and the relaxation of green levies. [...]
Energy groups push for government action as power prices reach record highs December 23, 2021 Energy UK is the latest industry voice calling for government support as the energy sector struggles with record wholesale gas prices.
Good Energy calls for government support as share price plummets amid soaring wholesale costs December 22, 2021 Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.
European gas prices reach record highs as flows on key pipeline move towards Russia December 21, 2021 European gas prices hit record levels on the same day power prices peaked on the continent, as flows on the Yamal-Europe pipeline moved eastwards.
Ofgem contacts Scottish Power after debt team raids wrong address December 21, 2021 Ofgem has contacted Scottish Power after debt enforcers sent by the energy supplier broke into a woman's flat to seek payments she did not owe.
Energy crisis will stretch into spring with Ofgem expected to hike household bills by £700 December 21, 2021 The energy crisis will extend into next year with UK households facing a “painful” £700 increase in energy bills, warns Investec.
Octopus Energy expands into India after announcing green energy deal with Sterlite Power December 19, 2021 Octopus Energy will work with Sterlite Power to strengthen India’s renewable infrastructure and help decarbonise the country.
Energy suppliers to face financial stress test as Ofgem grapples with winter crisis December 15, 2021 Ofgem has announced a raft of reforms to fix the energy sector following 25 suppliers collapsing in the past three months
OPEC remains bullish on oil demand and downplays Omicron variant December 13, 2021 OPEC raised its oil demand forecast for the first quarter of 2022, anticipating the new Omicron variant will be “mild and short-lived”.