Energy Bills: PM mulls bank loan plan with price cap set to hit £2,400 January 15, 2022 The government is reportedly mulling bank loan proposals to smooth a hike in the cost of energy bills expected this year.
Gas drives up carbon emissions in UK power sector for the first time in a decade January 14, 2022 Carbon emissions from the UK's electricity sector jumped up a fifth in 2021, rising for the first time in almost ten years according to the IEA.
One in four people working from home will not turn heating on this winter amid rising energy costs January 14, 2022 Nearly a quarter of people working from home will not turn the heating on due to energy price concerns, says Electric Radiators Direct.
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.
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 [...]
Chief executives are distracted by the shiny lights of ESG and social media January 13, 2022 During the EU referendum campaign I encouraged my team to turn off all social media. As the Director of Communications for Vote Leave, this might seem like an odd instruction, given we were charged with understanding the mood of the British public. But the truth is it’s all too easy to get distracted by the [...]
Ovo Energy to axe a quarter of workforce amid energy crisis January 12, 2022 Ovo Energy, one of the country’s largest energy suppliers, is set to slash a quarter of its workforce. According to a report by Sky News, the firm will restructure in a bid to cut costs, with around 1,700 jobs out of 6,200 at risk. The firm is expected to announce a voluntary redundancy programme as [...]
IFS: Poorest Brits to shoulder worst cost of living shock January 12, 2022 The poorest households in the UK are set to shoulder a harder hit from the cost of living crisis, reveals new analysis released yesterday. The rising cost of energy will erode a greater proportion of poorer households’ income compared to wealthier Brits, according to the Institute for Fiscal Studies (IFS). Less wealthy Brits tend to [...]
IEA accuses Russia of putting pressure on Europe’s gas supplies January 12, 2022 The head of the International Energy Agency has slammed Russia, accusing the country of putting pressure on gas supplies to Europe.
Unlikely victim: Energy crisis pushes tissue maker Accrol into strategic review January 12, 2022 Tissue maker Accrol is to undergo a strategic review after a ‘significant’ jump in energy costs, making it an unlikely victim of the UK’s energy crisis. The group has also been battling rising inflation, which has hiked the price of pulp and made its supply chains more costly. The news pushed investors to pull out [...]