Climate activist groups report that the City is not prepared for the possible collapse of the value of fossil fuel assets.
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.
BP began shipping liquefied gas (LNG), from Mozambique to Europe
BP began shipping liquefied gas (LNG), from Mozambique’s vast new reserves opening up resources that could ease Europe’s energy crisis.
Natural gas (LNG) prices will slump 30% in the coming months
According to Goldman Sachs, natural gas prices will fall 30% in the next months due to mild weather and an increase in supplies. This helps to alleviate fears of a
The next crisis is looming over Britain’s pensions industry
As one crisis is over, there are growing fears that the pensions industry could unwittingly slip into another.
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.
Germany May Resort to Nuclear Plants to Plug Russian Energy Gap
Germany might not be able to replace all its Russian natural gas imports this winter and may have to resort to nuclear power to fill the gap.
UK Energy Bills Look Set To Soar towards £3,600 As Price Cap Sets to Rise
The UK’s household energy bills will rise by around 80% in October as the regulator lifts the limit on the amount suppliers can charge due to rising wholesale costs.