Exclusive: ‘Price cap not fit for purpose’ as Government slashes support October 17, 2022 The energy price cap is "no longer fit for the purpose" and should be reviewed, argued energy specialist Cornwall Insight.
Bank of England offers energy firms backstop to combat soaring costs October 17, 2022 Energy firms will be able to apply for Government-backed guaranteed loans to secure their commercial future this winter.
None of your business: Suppliers ramp up closures as energy bills crisis bites October 17, 2022 Suppliers forced 20 businesses to close over unpaid energy bills in the last four months, according to new data from Mazars.
Inflation and supply chain woes take their toll on UK’s chemical sector October 17, 2022 The chemical sector has reported its first quarterly fall in sales since the height of the pandemic, according to the latest sector data.
Dam: Climate change poses risks to energy infrastructure October 16, 2022 Extreme weather events caused by climate change pose a significant risk to the world's energy infrastructure, warned the WMO.
Ukraine holds talks with US over gas reserves to fight supply crisis October 16, 2022 Ukraine is preparing to market its national gas reserves, and has entered into discussions with US firms over its supplies.
Gazprom boss threatens to halt gas supplies if Europe backs price cap October 16, 2022 Russia would halt gas supplies into Europe if the price of its gas exports was capped warned Gazprom boss Alexei Miller.
Recession fears outweigh OPEC+ cuts amid oil price slump October 16, 2022 Oil markets will open tomorrow with prices weighed down by global recession fears and weakening oil demand.
Labour would ban fracking ‘for good’ if Starmer gets into power October 13, 2022 Labour has committed to ban fracking “for good” if it was to get into office, while condemning a plan for a price cap on renewables. Keir Starmer’s party called of the Prime Minister to call of plans to block renewable energy projects, while calling fracking “expensive, dirty, and dangerous” Since the Russian invasion of Ukraine [...]
Exclusive: Government has botched Bulb crisis, says Westminster chair October 13, 2022 The Government has wasted Bulb protracted and pricey stint in administration, driving up costs for consumers.