If the volatility in global gas markets continues, British households could face typical energy bills well over £3,000 per year from the autumn,…
Continue Reading‘Febrile’ Gas Markets Spell Further Energy Price Hikes this Year, Ofgem Boss Warns
Written by Lauren Smith in Household & Bills Oil & Gas
Continued volatility in the wholesale natural gas prices will mean a further hike in the energy price cap in October, putting “a huge…
Continue ReadingThird of Brits More Likely to Install Heat Pumps to Reduce Reliance on Russian Gas
Written by Lauren Smith in Household & Bills Oil & Gas
The need to ditch Russian gas has made a third (33%) of Britons more likely to replace their gas boiler with an electric…
Continue ReadingEnergy Suppliers Lobby Government for Help through Gas Crisis
Written by Lauren Smith in Energy Suppliers
Trade body Energy UK is urging the Chancellor to put in place additional support measures for consumers, suppliers, and the wider economy as…
Continue ReadingMajority of Brits Willing to Pay Higher Energy Bills to Ditch Russian Gas
Written by Lauren Smith in Oil & Gas
Three in five (59%) UK consumers are willing to pay more for energy if it helps undermine Russia’s war on Ukraine, with many…
Continue ReadingCharities from the End Fuel Poverty Coalition (EFPC) are urging the government to intervene to protect the projected 8.5 million UK households that…
Continue ReadingUK Natural Gas Prices Hit Record High Amid Suggestion of Embargo on Russian Imports
Written by Lauren Smith in Oil & Gas
Natural gas prices in the UK and Europe spiralled to record highs on Monday after the US said it was considering an embargo…
Continue ReadingRussian Sanctions Will Come at the Cost of Further Energy Price Spikes in the UK, PM Says
Written by Lauren Smith in Oil & Gas
The British public will have to bear even higher energy bills as the cost of inflicting “pain” on Russia through sanctions, Boris Johnson…
Continue ReadingUK Energy Bills Could Hit £3k as a Result of Russian Invasion of Ukraine
Written by Lauren Smith in Oil & Gas
British energy bills could surge to over £3,000 per year—triple the average level in recent years—as Russia’s invasion of Ukraine imperils Europe’s natural…
Continue ReadingCold Weather and Low Winds Last Year Exacerbated Energy Crisis
Written by Lauren Smith in Electricity
2021 was marked by stratospheric wholesale gas and electricity prices, which contributed to the collapse of more than two dozen British energy suppliers…
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