Energy price crisis: What can the government do to protect the poorest households? January 13, 2022 City A.M. looks over some of Downing Street’s potential options to reduce the cost of energy bills for the UK's poorest households.
Ovo Energy reveals redundancy plans to staff following reports of mass job cuts January 13, 2022 Ovo Energy has now told staff it will cut a quarter of its workforce and axe 1,700 employees, according to BBC News.
Expected 50 per cent hike in energy bills may trigger ‘devastating’ national emergency for millions of older Brits January 13, 2022 An anticipated price jump of about 50 per cent for energy bills across the country, likely from April onwards, can lead to a national emergency for millions of older people, a charity warned this morning. Age UK has urged ministers to take immediate and decisive action on energy bills to “mitigate the potentially devastating impact [...]
Centrica boss on the energy crisis: High gas bills are here to stay January 12, 2022 Brits have been told the energy crisis may last for two years, according to Centrica’s chief executive Chris O’Shea. O’Shea said “the market suggests” high gas prices will continue “for the next 18 months to two years”. He said the high demand for gas was partly being driven by a move away from coal and [...]
Bulb Energy unable to hedge against rising wholesale prices due to credit issues, says administrator report January 11, 2022 Bulb Energy dropped into administration because it was unable to hedge effectively against surging wholesale energy prices.
Treasury considers cutting green levy to ease cost-of-living crisis for UK households January 11, 2022 The Treasury is mulling over cuts to green levies with UK households facing increased energy bills later this year amid a cost-of-living crisis.
Ovo Energy says sorry after it tells customers to do star jumps and cuddle pets to cut down bills January 11, 2022 Ovo Energy has apologised after it advised customers to do star jumps, cuddle pets and eat porridge to cut down energy bills and stay warm.
Octopus Renewables continues expansion with three new electricity deals in Scotland, Sweden and Finland January 10, 2022 The renewable investment arm of Octopus Energy Group has signed three new corporate and utility power purchase agreements.
UK’s biggest energy users warn gas price hike could hit net zero January 9, 2022 Eight in 10 of the UK’s biggest energy users have said they are worried by rapid rises in energy prices and fear it could put their environmental investments at risk. Most intensive energy users have plans to cut their carbon emissions, according to a new survey. Energy giant Vattenfall said that 90 per cent of [...]
Tories call on Treasury to fund green energy rather than already pinched households January 8, 2022 A group Tory MPs have called on the government to fund environmental and social energy policies from Treasury money, rather than from consumer bills.