Gas prices drop amid milder weather and LNG boost January 19, 2022 Gas prices have slumped despite seemingly favourable geopolitical trends amid milder weather and an LNG boost to formerly flagging supplies.
Crude awakening: Oil prices climb as supplies tighten and fears of Ukraine invasion rise January 17, 2022 Oil prices are on the rise this morning amid tightening supplies and White House fears of a Russian invasion of Ukraine.
US agency predicts decline in oil prices as producers pledge to boost global inventories January 13, 2022 Increased supplies in global petroleum inventories will cause oil prices to drop, argues the US Energy Information Administration.
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 [...]
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.
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 [...]
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.
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 [...]
MPs and peers urge Boris Johnson to scrap taxes on energy bills to reduce cost of living crisis January 2, 2022 Twenty Tory MPs and peers have called for the Prime Minister to scrap VAT and environmental levies on energy bills to ease the cost of living crisis.