After an investigation revealed that agents working for British Gas broke into the homes of vulnerable customers to install prepayment meters, the British energy regulator Ofgem ordered all suppliers to
£9bn in customers’ cash hoarded by energy companies
The cash pile exploded over the past year and reached its peak at November’s end when households were facing extreme financial pressure due to the cost of living crisis.
British Gas stops using warrants to force people into prepayment meters
The move is following allegations that third-party agents ignored the vulnerabilities of customers and broke into equipment to install it.
Shell profits possibly largest ever by UK-domiciled company
The company posted a record $39.9bn annual profit (£32.2bn), beating the previous record of $28.4bn, (£22.9bn), set in 2008.
Europe’s Fossil Fuel Use Is Set to Plummet in 2023
As the European Union focuses on renewable energy sources to replace Russia’s energy supply, the amount of electricity generated from fossil fuels is expected to plummet.
Germany on cusp of recession experts have warned
Experts warn that Germany is in recession after unexpectedly falling at the end of last year, according to official data.
Shell considers quitting the energy market, threatening up to 2,000 jobs in the UK
Shell Energy is threatening up to 2,000 jobs in the UK after it announced that it was looking at quitting the energy industry.
Breaking ‘Vladimir Putin was wrong,’ says Biden as he sends 31 tanks to Ukraine
US President Joe Biden said that Vladimir Putin, his Russian counterpart, was wrong to believe Western resolve would “crumble”, as the Ukraine conflict drags on.
Alkemy Capital Invs. (LON:ALK) Tees Valley Lithium receives approval of its expression of interest from the UK’s Automotive Transformation Fund
Alkemy Capital Investments plc (“Alkemy”) (ALK:LSE) (JV2:FRA) and its wholly-owned subsidiary Tees Valley Lithium Limited (” TVL “) are pleased to report that TVL’s lithium hydroxide refinery at Teesside, UK
Germany is poised to back down on tank deliveries to Ukraine
Germany seemed poised to concede in the dispute over sending Leopard 2 tanks into Ukraine on Monday. This signalled its willingness to allow Nato allies to re-export theirs.
Coalition partners criticize German Chancellor’s indecisiveness about Leopard tank deliveries
Olaf Scholz’s supervisor was informed that Germany failed a historic test by refusing to send battle tanks from Ukraine at a weapons-pledging conference.