Household energy costs are set to decrease by approximately £151 annually as the economic impact of Vladimir Putin’s incursion into Ukraine continues to diminish.
The UK authority plans to clamp down on power producers reaping ‘unreasonable profits’.
The UK energy watchdog, Ofgem, has criticized power station owners for exploiting the system to generate excessive profits and outlined measures to curb this behaviour.
Share Talk Expected Market Updates For The Week Ahead, 9th – 13th January 2023
Retailers continue to update their holiday performance in the coming weeks, as well as many Wall Street banks, housebuilders, and recruiters. They include Marks & Spencer and Tesco.
Ofgem says that energy bills without government help would reach nearly £4,279
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.
Share Talk Expected Market Updates For The Week Ahead, 10th – 14th October 2022
The volatility in financial markets is expected to continue over the next week. While central bank rate policy continues to be the major issue, blue-chip companies report on both sides
Ofgem sued for 80% increase to the energy price cap
One pressure group stated it will sue Ofgem for its 80% price-cap increase, which it claims will ‘devastate families’ in winter.
It may be more difficult to keep the lights on across Europe during winter than governments admit.
Every week, people involved in electricity trading in the UK have the opportunity to interview the managers of the national grid.
UK Energy bills to soar for millions as price cap hiked to £3,549
The rise in wholesale gas prices, fueled by Russia’s invasion of Ukraine, has pushed the price up, putting pressure on consumers already hardpressed.
UK Inflation to almost double to 18.6pc, economists Citigroup warn
Citigroup warns that Inflation could almost double to 18.6pc over the next few months, as energy prices rise.
Citigroup Inc Trader Made Error Behind Flash Crash in Europe Stocks
Citigroup Inc. London’s trading desk was the cause of a sudden crash that sent shares throughout Europe plummeting on Monday. This is a new setback for years-long efforts to improve
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in