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.
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.
UK Energy giants could face a tougher windfall tax, as the bosses are summoned to crisis talks
Ministers will summon energy bosses to discuss crisis talks following the latest rise in predictions about energy bills this winter.
Shell and British Gas owner hand billions to shareholders as energy bills set to surge this winter
As Russia’s war in Ukraine continues to drive record profits, Shell and British Gas’s owners are giving billions of pounds back as dividends to shareholders.