However, the UK’s trade balance is still in trouble as foreign gas prices rise.
UK cuts out Putin as Russian energy imports drop to zero
EDF customers in the UK pay almost two-and-a-half times more than their counterparts in France
After Emmanuel Macron imposed price caps, EDF customers in Britain pay almost two-and-a-half times more than their counterparts in France.
Putin’s War Resets His Economy Four Years Back in One Quarter
The invasion of Ukraine by President Vladimir Putin set Russia’s economy back for four years, even though it was less severe than originally feared.
As power prices reach record levels, the European Energy Crisis deepens
On Thursday, European power prices reached new heights as a heatwave impacted energy supplies and wildfires raged across France.
EDF sues French government for €8.4bn
According to the nuclear giant, the price cap could be a huge cost for it over the next year.
France waives green rules for nuclear power plants as energy crisis deepens
France temporarily lifted environmental regulations to allow its five nuclear power stations to continue operating despite a worsening energy crisis.
Gazprom says it halts gas supplies to Latvia
Gazprom, a Russian gas producer, said Saturday that it had stopped supplying Latvian gas to its neighbours. It accused Latvia of violating gas withdrawal conditions.
Despite Putin’s propaganda, the Russian economy is ‘crippled on every level’
Experts say that Western sanctions are “catastrophically” affecting Russia’s economy, despite Vladimir Putin’s attempts to conceal the damage.
UK Energy Bills Set to Peak Above £500 This Winter in January. This is more than three times the level of last year
As Russia tightens its grip on Europe’s gas supplies, the UK is set to experience record-breaking energy prices this winter. This will only add to Britain’s current cost-of-living crisis.
EU nations starting to echo the tensions that divided northern and southern member states
Russia’s gas cut could fracture the unity of Europe’s Union this winter, as tight budgets and supply issues limit the bloc’s ability to deal with an unexpected, severe energy shortage.
Kremlin to Keep Up Its Gas Squeeze on Europe, Germany calls for lower consumption
Nord Stream 1 gas flows fell to a fifth of their capacity Wednesday. This prompted Germany’s network regulator, to appeal to the industry and households to conserve gas and avoid
