Ofgem has initiated a broad, unbiased, and comprehensive evaluation of British Gas following the disclosure of its subcontractors’ unlawful entry into households to install prepayment meters.
Breaking: Household energy bills to be 13pc lower by the summer
In July, household energy bills are predicted to decrease by 13%, as the price cap is projected to reduce to £2,165 per annum.
Levies are pushing up the cost of renewable projects by up to 50pc
Industry leaders are cautioning that windfall taxes are driving up the expenses of green energy projects by up to 50%, causing international investors to become apprehensive about a profit raid.
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.
Lack of storage means that wind power is lost for 1.2 million homes in the UK.
New research shows that there was not enough wind power in winter to supply 1.2 million homes per day. This is because there isn’t enough energy storage capacity to store
Share Talk Expected Market Updates For The Week Ahead, 6th – 10th February 2023
The record-breaking closing high of the FTSE 100 has been broken by more big names in London’s index. They will be reporting results for the week ahead that could push
Record-breaking wind power: Wind turbines provide over 25% of UK electricity in 2022
For the first time in history, wind supplied more than a quarter of Britain’s electricity last year. This highlights the rapid growth of this energy source.
UK more vulnerable to blackouts this winter, warns Labour
It has been claimed that delays to a government plan to deal with national emergencies have made the UK more susceptible to blackouts in winter.
Energy companies accused of using smart meters for ‘disconnecting customers through the back door’
Energy companies have been accused of disconnection of households by moving them to smart meters for pre-payment to disconnect them “by the backdoor”.
National Grid will activate an emergency winter plan tomorrow following French nuclear outages
After energy prices rose amid falling temperatures, the UK’s electricity network operator is ready to activate its emergency snow plan.
Ofgem says that energy bills without government help would reach nearly £4,279
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.
Jeremy Hunt is reportedly preparing to hit electricity generation companies with a 40% windfall tax
According to a report, the Chancellor will levy companies that have ‘excess returns in an effort to reduce the cost of living.