The past year has tested supply chains in ways few predicted. Port backlogs across Europe and Asia collided with climate shocks on key waterways, while geopolitical flashpoints and shifting United
The past year has tested supply chains in ways few predicted. Port backlogs across Europe and Asia collided with climate shocks on key waterways, while geopolitical flashpoints and shifting United
Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
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.
According to the AA, petrol prices have climbed above 150p per litre on average for the first time in five months, posing additional challenges for drivers.
Drivers may soon pay over 150p per litre for fuel following substantial price increases, raising concerns about potential profiteering at petrol stations.
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.
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.
In just three weeks, petrol prices have surged by 3p, sparking inflation worries for the Chancellor ahead of next month’s Budget announcement, according to recent data.
Analysts predict a significant decrease in household energy bills, with an expected £293 annual reduction starting in April, following the implementation of the next Ofgem price cap.
Ofgem plans to raise household energy bills to support suppliers in the wake of consumer debts reaching an unprecedented £3bn.