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.
Why the energy crisis is set to derail the UK economy in 2022 January 7, 2022 A wave of concern over the swelling cost of living is sweeping across Britain. While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022. The UK’s benchmark gas prices have quintupled since January 2021, leaping from £54 [...]
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.