Bloody Friday as cost of living onslaught starts for millions: Steepest rise in household bills in living memory begins today April 1, 2022 Today has been dubbed National Price Hike Day, when government bodies and private firms traditionally announce the increases in the cost of goods and services. This year, energy costs are set to skyrocket, with the cheapest energy tariff for a medium user surging to £1,971 – a staggering 118 per cent increase year on year. The [...]
Green energy pioneer and former New Age traveller Dale Vince steps down from Ecotricity April 1, 2022 Green energy pioneer and former New Age traveller Dale Vince has said he is stepping down as chief executive of wind power company Ecotricity to pursue a career in politics. Vince, who founded Ecotricity in 1995 while living in an old army truck in Gloucestershire, said he plans to sell Ecotricity to new owners, with [...]
Starmer brands Tory response to rising cost of living ‘pathetic’ as windfall tax on energy firms rekindled April 1, 2022 Boris Johnson’s government’s response to energy price rises has been “pathetic”, as he rekindled Labour’s bid for a one-off windfall tax on oil and gas firms in a bid to reduce bills. This comes after millions of households were plunged into fuel poverty today caused by the uplift to the cap on energy bills sending [...]
Businesses hit with 250 per cent increase in gas bills April 1, 2022 Businesses are facing a five-fold increase in gas bills, warns Cornwall Insight, amid wholesale market volatility and supply shortage fears.
Putin signs order confirming rouble requirement for gas payments March 31, 2022 European nations will have to pay for gas supplies from Russia in roubles, confirmed the country's President Vladimir Putin today.
Fracking industry given reprieve as NSTA lifts plugging order on Lancashire shale wells March 31, 2022 The North Sea Transition Authority has lifted an order for Cuadrilla to plug and abandon the country's two remaining shale gas wells.
Oil prices plunge as US weighs up release of strategic reserves March 31, 2022 Oil prices fell heavily this morning, following reports the US is considering the release of up to 180m barrels.
EON Next deletes tweets blaming Martin Lewis for its website crashing March 31, 2022 EON Next has deleted tweets blaming money saving guru Martin Lewis for its website crashing - with customers unable to login to to submit meter readings.
Ofgem orders UK Energy Incubator Hub to provide financial information March 31, 2022 Ofgem has issued UK Energy Incubator Hub with a provisional order, compelling the supplier to provide financial information.
Japan will keep hold of Russian LNG stake March 31, 2022 Japan will not abandon its stake in the Sakhalin-2 LNG project in Russia, which the prime minister argued is key for energy security.