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Energy

  • Octopus Energy: We don’t know how much the consumer price cap will rise in April

    January 6, 2022

    It is impossible to predict how much household bills will rise after the next review of the consumer price cap, warned Octopus' chief executive.

  • Angus Energy shares soar as it considers possibility of sale

    January 6, 2022

    Angus Energy’s shares skyrocketed nearly 30 per cent today after it announced it will consider selling the firm to prospective buyers.

  • USwitch urges government to offer more support to households amid soaring energy costs

    January 6, 2022

    USwitch has called on the government to support vulnerable households following reports the price cap will rise to £2,000 next April.

  • Together Energy on the brink of collapse after funding bid fails

    January 5, 2022

    Council-backed supplier Together Energy is on the brink of collapse after its last-ditch search failed to find fresh funds, according to Sky News.

  • Consumers should brace themselves for runway energy bills as price rises that overwhelmed suppliers in 2021 start to trickle down

    January 4, 2022

    Consumers should brave themselves for runaway household bills this year as the energy sector continues to struggle with soaring gas prices, which consigned a string of energy suppliers to the graveyard in 2021. Energy suppliers had been paying 54p per therm of gas at the beginning of last year. By September 2021, that had reached [...]

  • Energy crisis: Govt and energy firms agree runaway gas and electricity bills should be avoided in 2022 but they fail to say how

    December 28, 2021

    The government and UK’s largest energy companies agreed late last night that “UK customers have to be protected” from soaring gas and electricity prices in 2022, although it was not clear how they plan to do that. The meeting with Business Secretary Kwasi Kwarteng came after Labour and a boss of a major energy provider [...]

  • Government summons energy chiefs for emergency meeting as gas prices climb and climb

    December 24, 2021

    Energy industry bosses have been summoned for a meeting with the government today to address rapidly rising wholesale gas prices. Business Secretary Kwasi Kwarteng will meet with chief executives of major suppliers on Monday, according to The Times, which reports the bosses are likely to ask for tax cuts and the relaxation of green levies. [...]

  • Energy groups push for government action as power prices reach record highs

    December 23, 2021

    Energy UK is the latest industry voice calling for government support as the energy sector struggles with record wholesale gas prices.

  • Good Energy calls for government support as share price plummets amid soaring wholesale costs

    December 22, 2021

    Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.

  • European gas prices reach record highs as flows on key pipeline move towards Russia

    December 21, 2021

    European gas prices hit record levels on the same day power prices peaked on the continent, as flows on the Yamal-Europe pipeline moved eastwards.

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