Russia spent nearly 50 years developing its European energy market. It was destroyed by President Vladimir Putin in less than 50 weeks. It will be nearly impossible to find a
Russia spent nearly 50 years developing its European energy market. It was destroyed by President Vladimir Putin in less than 50 weeks. It will be nearly impossible to find a
After an investigation revealed that agents working for British Gas broke into the homes of vulnerable customers to install prepayment meters, the British energy regulator Ofgem ordered all suppliers to
The cash pile exploded over the past year and reached its peak at November’s end when households were facing extreme financial pressure due to the cost of living crisis.
The move is following allegations that third-party agents ignored the vulnerabilities of customers and broke into equipment to install it.
As the European Union focuses on renewable energy sources to replace Russia’s energy supply, the amount of electricity generated from fossil fuels is expected to plummet.
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.
In light of continued cold weather in the UK, the National Grid asked coal factories for warmth.
US President Joe Biden said that Vladimir Putin, his Russian counterpart, was wrong to believe Western resolve would “crumble”, as the Ukraine conflict drags on.
European gas storage has reached an all-time high for this season, while natural gas prices fell for the third day due to ample supplies and milder weather.
Germany seemed poised to concede in the dispute over sending Leopard 2 tanks into Ukraine on Monday. This signalled its willingness to allow Nato allies to re-export theirs.
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.