Russia ramps up pressure on Europe as it halts flows into another EU country July 31, 2022 Latvia is the latest European country to be cut off from Gazprom's gas flows, as Russia puts more pressure on Europe this winter.
BP to unveil bumper profits as Brits face record energy bills this winter July 31, 2022 BP will follow in the footsteps of their rivals and unveil record quarterly profits next Tuesday, as Brits face record energy bills this winter.
Octopus Energy calls for £1bn hedging support to finalise Bulb Energy deal July 31, 2022 Bulb's future could finally be settled in the coming weeks, provided the Government coughs up £1bn in taxpayer funds.
Ringfencing risks driving up energy bills, warns Cornwall Insight July 30, 2022 The cost of ringfencing consumer credit balances will risk adding more costs to bills "at a time when consumers can ill afford them" says Cornwall Insight.
Ofgem orders Tru Energy to improve handling of direct debits July 30, 2022 TruEnergy has been slapped with a provisional order, compelling the supplier to take action so that its direct debit policy is fit for purpose.
Record profits put energy firms in Westminster crosshairs once again July 29, 2022 Energy giants triggered a fierce backlash yesterday after unveiling massive profits powered by soaring oil and gas prices.
29m UK households to get £400 in instalments between October and March to help with energy bills July 29, 2022 As millions worry about the prospect of eye-watering energy bills this winter, the government has revealed how its £400 discount will be implemented. 29m households will receive a non-repayable sum of at least £400 over the course of six months as part of the Energy Bills Support Scheme. The initiative, which will be administered by [...]
More than 3m UK households now live in fuel poverty as fears grow this number will double July 29, 2022 The chairwoman of the Committee on Fuel Poverty, Caroline Flint, said this morning close to 3.2m households are living in fuel poverty according to official statistics. “But those statistics were before these price increases happened and there are a number of organisations – National Energy Action and others – who are predicting it could double [...]
Exclusive: OEUK defends windfall tax’s investment relief and calls for domestic energy ramp-up July 28, 2022 The UK's leading industry body for offshore energy has defended the continued inclusion of investment relief within the windfall tax.
‘Extract as much as possible from North Sea oil fields’, says Jacob Rees-Mogg July 28, 2022 Jacob Rees-Mogg has said “we need to be extracting as much as we possibly can from our North Sea oil fields”. The Cabinet Office minister was asked on the BBC Radio 4’s World At One programme whether the extraordinary profits that energy companies have made should be redistributed given the pain many households are feeling [...]