Diesel and petrol prices climb higher
Energy industry warns UK household bills could rise by £250
Household energy bills could rise by around £250 a year from July as a result of the conflict with Iran, according to the industry trade body Energy UK.
Bank warns £344 spike in UK energy bills
Households could face a sharp rise in energy bills later this year as the surge in oil prices feeds through to consumer costs.
South Korean crypto firm mistakenly pays out $40bn in bitcoin
A major South Korean cryptocurrency exchange mistakenly transferred approximately 40 billion dollars’ worth of bitcoin to customer accounts, representing one of the largest accidental financial disbursements in digital asset history.
Copper up more than 35%, on track for strongest year since 2009
Copper prices have surged to record levels, capping their strongest annual performance in more than a decade as supply fears, tariff risks and long-term demand trends collide.
Business Electricity Standing Charges to Skyrocket by 2030, Analysts Warn
Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
Ovo is set to pay £2.4 million for not properly handling customer complaints.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
Oil is poised for its largest weekly decline in almost a year
Oil is on track for its most significant weekly decline in nearly a year, driven by concerns over weak demand and ample supply, despite Opec+ postponing a scheduled production increase
UK Energy bills to drop to their lowest in two years.
Gas and electricity bills are anticipated to drop to their lowest levels in over two years following the easing of the energy crisis sparked by Vladimir Putin’s invasion of Ukraine.
Gas prices return to levels seen before the energy crisis.
Wholesale gas prices have returned to levels not seen since before the onset of supply constraints by Vladimir Putin, indicating a shift in Europe’s energy crisis situation.
UK Energy bills to fall by £238 a year
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
UK Energy Costs Expected to Decrease Significantly in Ofgem’s Recent Cap Announcement
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.