Household energy costs are set to decrease by approximately £151 annually as the economic impact of Vladimir Putin’s incursion into Ukraine continues to diminish.
UK Energy bills expected to fall by £150 from October
The forecast predicts the price cap to decrease to £1,925, yet wholesale gas costs are expected to remain higher than pre-crisis levels.
Security systems of homeowners become ineffective following British Gas’ disconnection.
Hive gadgets cease to function as smart home products are discontinued.
British Gas achieves unprecedented earnings following a £500m increase due to competitors’ bankruptcy.
Centrica PLC (LSE: CNA), the parent company of British Gas, has reported significant profits for the first half of the year, which has spurred an increase in investment, a raised
Rolls-Royce soars 22% in early trading after robust first-half forecasts
Shares of Rolls-Royce Holdings PLC (LSE: RR.) surged by 21% to 186p after the firm elevated its full-year guidance, owing to a robust first-half performance and the successful initiation of
The IEA warns that households should brace themselves for a further increase in energy bills.
The International Energy Agency’s head, Fatih Birol, has urged families to prepare for a potential increase in energy bills this winter.
British Gas suggests that consumers should prepare for an extended period of elevated energy costs.
Centrica’s Chief Executive, Chris O’Shea, has warned that energy bills are projected to remain high in the foreseeable future, placing added pressure on households that are already financially burdened.
The UK authority plans to clamp down on power producers reaping ‘unreasonable profits’.
The UK energy watchdog, Ofgem, has criticized power station owners for exploiting the system to generate excessive profits and outlined measures to curb this behaviour.
Oil continues to decline due to demand concerns following UK’s interest rate increase.
Oil prices dropped for the second consecutive session and were on track for a more than 3% decrease on a weekly basis this Friday.
Oil prices rise as China initiates measures to stimulate its economy.
Amid a spike in Chinese imports of Russian oil, it’s an opportune moment to examine the crude oil market dynamics.
Drahi takes BT biggest shareholder stake close to 25pc
Altice, the largest shareholder of BT Group PLC (LSE: BT.A), led by billionaire Patrick Drahi, has raised its stake by acquiring an additional 650 million shares.