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As the energy crisis rages on amid rising gas prices, UK householders are facing a change in the way we heat our homes to tackle climate change. Here are some answers to the key questions about one of the main technologies we could use instead of gas boilers. First, what is a heat pump? In [...]
Ofgem, UK energy watchdog, said it will review how the price cap on gas and electricity bills is calculated in light of the collapsing energy firms.
The Budget was a “missed opportunity” for the country’s steel sector, argues the UK Steel and Community Union. The organisation has criticised Chancellor Rishi Sunak, believing he has left the steel sector “high and dry” by the lack of action on electricity prices and its failure to set out a clear plan for decarbonising UK steel production. [...]
The UK’s nuclear energy programme is being revitalised with a rebooted funding model to shut out Chinese companies and replace its ageing power facilities. Business secretary Kwasi Kwarteng has announced The Nuclear Energy (Financing) Bill ahead of the Budget today. The UK will now utilise the Regulated Asset Base (RAB) to front-load costs to consumers [...]
Seventy per cent of small and medium enterprises (SME) owners believe that high-energy costs will negatively affect the growth of their businesses, according to a new survey from Tyl by Natwest. The group questioned 500 UK SME business owners, and discovered that 65 per cent of SMEs are spending up to one fifth of their [...]
Goto Energy has ceased trading. It is 16th energy supplier to go bust this year and the 13th since the crisis began in September. The sector is struggling to cope with record high gas prices. Soaring wholesale costs combined with the £1,277 price cap on the average energy customer has resulted in many energy firms [...]
Up to 380,000 customers of collapsed energy companies could suffer from bill shock and damaged credit ratings due to errors when moving their new suppliers. Data from solutions company Sagacity has predicted that 10 per cent of the 3.8 million customers that had to be transferred to new energy providers might suffer from data gaps [...]
The UK energy industry fears that, after small providers have gone bust because of the energy cap, now it’s the turn of big companies especially as temperatures go down. As reported by the Times, even if 13 companies have ceased operations in the last couple of months the UK Government has refused to set up [...]
Russia will try to “come to the rescue” of the UK amid rapidly rising energy costs, says the country’s ambassador Andrei Kelin. He told Andrew Marr that that if there is an “opportunity” to help the UK, then the country will “do what we can to alleviate difficult conditions which are now being created with [...]
Vladimir Putin has not decided whether to attend the upcoming COP26 climate conference in Glasgow later this month. Russian ambassador to the UK, Andrei Kelin, told Andrew Marr that a decision on the president’s trip has “not been taken yet”. This follows Wednesday’s comments from the Russian premier that he might avoid the conference due [...]
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