The parliamentarians prompting Rishi Sunak to reconsider his stance on onshore wind power frequently echo the wind industry’s catchphrase: “Wind is affordable.” Sir Alok Sharma claims it’s “affordable, green, and
The parliamentarians prompting Rishi Sunak to reconsider his stance on onshore wind power frequently echo the wind industry’s catchphrase: “Wind is affordable.” Sir Alok Sharma claims it’s “affordable, green, and
British families are alerted that the days of low energy prices have come to an end, with an anticipated increase in bills next year.
Oil prices dropped for the second consecutive session and were on track for a more than 3% decrease on a weekly basis this Friday.
Amid a spike in Chinese imports of Russian oil, it’s an opportune moment to examine the crude oil market dynamics.
Ofgem’s decision to lower its energy price cap will result in a reduction of approximately £425 in annual household energy bills, making gas and electricity more affordable throughout Britain.
In the early 2000s, the North Sea oil and gas industry, centered around Aberdeen, reached its pinnacle, producing over 2.7 million barrels of oil each day, which accounted for 3.6%
Next week, the UK government is expected to offer windfall tax relief to its oil and gas companies. This move aims to boost investments and enhance the country’s energy security,
Jeremy Hunt is expected to extend the government’s energy price guarantee at its current level for three more months, preventing household bills from increasing by an average of £500 from
According to the trade body of the UK oil and gas industry, Offshore Energies UK, companies in the sector are reducing their operations in the North Sea and prioritizing investment
Starting from April, Ofgem is reducing the maximum amount energy suppliers can charge consumers by almost £1,000. The regulator has cut the price cap to £3,280 from the current £4,279
Despite falling gas prices and warmer weather, households will likely have to pay £500 more for energy starting in April.