Climate activist groups report that the City is not prepared for the possible collapse of the value of fossil fuel assets.
Climate activist groups report that the City is not prepared for the possible collapse of the value of fossil fuel assets.
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’s vast new reserves opening up resources that could ease Europe’s energy crisis.
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
As one crisis is over, there are growing fears that the pensions industry could unwittingly slip into another.
One pressure group stated it will sue Ofgem for its 80% price-cap increase, which it claims will ‘devastate families’ in winter.
Every week, people involved in electricity trading in the UK have the opportunity to interview the managers of the national grid.
The rise in wholesale gas prices, fueled by Russia’s invasion of Ukraine, has pushed the price up, putting pressure on consumers already hardpressed.
Citigroup warns that Inflation could almost double to 18.6pc over the next few months, as energy prices rise.
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.
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.