Analysts anticipate a substantial drop of over £1,200 in the UK’s household energy price cap in July. This is due to a significant decline in wholesale gas and electricity prices,
Household expenses are set to decrease by £500 as Putin’s energy war proves unsuccessful.
Anticipated average household energy bills are set to decrease by approximately £500 starting in July, suggesting that Vladimir Putin’s strategy to leverage Russia’s gas reserves for geopolitical ends has not
Gas prices in Europe revert to standard rates, marking a setback for Putin’s energy conflict.
For the first time since Russia’s Ukraine incursion, European natural gas prices have returned to their typical trading ranges, marking a setback in Vladimir Putin’s energy warfare.
Workers in the oil and gas industry in the North Sea have decided to vote to strike
Oil and gas operators in the North Sea have been cautioned about the possibility of an overwhelming wave of industrial turmoil after workers voted in favour of a strike over
Gas prices in Europe have fallen to lows not seen since September 2021
As a result of the restarting of US exports from America’s second-largest liquefied natural gasoline terminal, gas prices in Europe fell to levels not seen since September 2021.
Breaking: Union threatens blackouts as strikes hit UK biggest power plant
Drax insists that Britain will not be affected by power cuts when workers at its Yorkshire plants strike over pay.
European natural gas slid for a fifth straight day
European natural gas fell for the fifth consecutive day. The weather is expected to improve and there are more chances that the US will reopen an old export terminal.
National Grid asks coal plants to warm up in case they are needed
In light of continued cold weather in the UK, the National Grid asked coal factories for warmth.
National Grid is ready to pay customers to reduce energy use in cold weather
Under plans drawn up by National Grid, households will be paid to reduce their electricity usage for the first time Monday between 5 pm-6 pm.
Oil settles up more than 1% on China demand outlook, second weekly gain
Friday’s oil settlement was $1/barrel. This is a result of China’s economic prospects improving, which boosted fuel demand in China’s second-largest economy.
Keir Starmer says that North Sea investment will be ended by Labour
Sir Keir Starmer has pledged to stop investing in new British oil and gas fields if Labour wins the next election.
UK Households get £600 energy bills boost
As a result, energy bills could drop by as much as £600 this summer as was previously anticipated. This is due to falling wholesale prices. This boosts households and the