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Energy

  • Brits to face record £4,400 energy bills as gas prices refuse to come down

    August 9, 2022

    Cornwall Insight has hiked its price cap forecasts to over £4,000 next year, attributing the rise to Ofgem's decision to shift to a quarterly model.

  • Exclusive: Energy giants urge struggling customers to get in touch ahead of winter

    August 9, 2022

    Some of the biggest energy firms have encouraged worried customers to make contact with them as soon possible.

  • Exclusive: Citizens Advice warns suppliers against chasing customers for debts they can’t pay

    August 8, 2022

    Citizens Advice has urged suppliers not to chase customers for debts they cannot afford - with energy bills expected to climb this winter.

  • Thames Water stops short of hosepipe ban but urges customers to ‘use water wisely’

    August 8, 2022

    The UK's largest water provider has stopped short of announcing a hosepipe ban despite the sustained drought this summer.

  • France waives environmental rules to ensure nuclear power plants run over winter

    August 8, 2022

    France has temporarily lifted environmental rules to ensure five of its nuclear power plants can stay running ahead of a challenging winter.

  • Japan intends to keep stake in Russian oil and gas project despite Western exodus

    August 8, 2022

    Japan will keep hold of its stake in an oil and gas project in Russia, despite Western energy giants abandoning projects in the country.

  • BP to pay lower taxes than before Covid pandemic despite massive profits

    August 8, 2022

    BP will pay a lower rate of taxes this year than prior to the pandemic, revealed the company's chief financial officer Murray Auchinloss.

  • OEUK backs Equinor’s plans to develop £4.5bn Rosebank oil and gas field

    August 8, 2022

    Industry body OEUK has given its backing Equinor's plans to develop a major oil and gas field on the UK continental shelf.

  • Distributor passes on £280m in higher energy prices to cover market carnage

    August 8, 2022

    UK Power Networks has passed on hundreds of millions of pounds in higher prices to energy users to cover the cost of supplier failure.

  • UK prepares to simulate supply crunch as challenging winter looms

    August 7, 2022

    The UK is preparing to simulate a gas supply crisis, to test how resilient the energy system is in the case of emergency shortages this winter.

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