Octopus unveils renewables fund backing UK’s largest battery August 26, 2022 Octopus Energy Group has launched a renewables strategy targeting early stage green projects to reduce Europe's reliance on gas imports
Nine million households face fuel poverty this winter after energy bill hike August 26, 2022 The number of people in fuel poverty will nearly double this winter, warned charity National Energy Action.
Skyrocketing energy bills ‘could be the final nail in the coffin’ for small firms, FSB warns August 26, 2022 Sky-rocketing energy bills “could be the final nail in the coffin” for many firms according to the head of Federation of Small Businesses. Smaller companies “don’t have the luxury to wait until the winter” for help with rising costs, and an “urgent intervention” is needed from the next prime minister. The comments were made by [...]
Price cap in need of urgent reform following energy bill hike August 26, 2022 Energy specialist Cornwall Insight has reignited calls for the price cap to be reformed, after the latest hike in household energy bills this winter.
Energy crisis: Households set for £3,549 price cap this winter August 26, 2022 The energy price cap will rise 80 per cent to £3,549 per year from October, plunging millions of British households into fuel poverty this winter.
Zahawi: Energy price cap rise will cause ‘stress and anxiety’ August 26, 2022 Chancellor Nadhim Zahawi has acknowledged today’s 80 per cent price cap rise will cause “stress and anxiety” as campaigners urge the government to take action. In a move that will concern millions of Brits, this morning it was announced by Ofgem the energy price cap will rise to £3,549 per year from October. The rise [...]
EDF adds to calls for deficit fund to prevent millions falling into fuel poverty August 25, 2022 EDF has called for a historic Government intervention to avoid tens of millions of Brits plunging into fuel poverty this winter.
Wonks warn against price cap freeze August 25, 2022 The Government should offer more targeted support for households rather than freezing the price cap, argued two leading think tanks.
Italian government told to pay oil and gas firm Rockhopper Exploration £160m August 25, 2022 The Italian government has been ordered to pay €190m (£160m) to British oil and gas company Rockhopper Exploration over its decision to block the firm from drilling in the Adriatic Sea. An arbitration hearing ruled in favour of Rockhopper in stating Italy’s 2015 decision to block the Wiltshire fossil fuel company from drilling off its [...]
Ofgem slaps Shell with fine after it overcharged customers for energy August 25, 2022 Shell Energy's supplier business has been slapped with a hefty fine for overcharging customers on default tariffs.