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.
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.
Gas prices will remain high over winter says experts January 10, 2022 UK gas prices are unlikely to revert to pre-pandemic levels "anytime soon" according to Ole Hansen, head of commodity strategy at Saxo Bank.
Cost of living crisis: Millions of savers miss out as UK banks pocket profits from higher interest rates January 10, 2022 The UK’s major banks have failed to pass on last month’s interest rate rise to millions of savers, according to Moneyfacts.
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 [...]
Uniper secures €10bn to cope with gas price volatility January 5, 2022 Uniper has picked up €10bn from parent company Fortum and state bank KfW to avoid a cash crunch amid record gas prices.
Gas prices rise for second day running as Russia cuts supplies into Europe January 4, 2022 Gas prices have surged for a second day, deepening Europe’s energy woes amid fears of a blackout this winter.
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.
Gazprom likely to have missed gas export targets to Europe amid deepening energy crisis January 2, 2022 Gazprom is likely to have fallen short of its natural gas export targets in Europe as wholesale costs soar to record levels amid global supply shortages.
Yamal-Europe pipeline reports reverse flows for sixth day running as Europe’s energy crisis deepens December 26, 2021 The Yamal-Europe pipeline has been sending fuel eastwards for the sixth day running as fears over energy shortages this winter continue to rise.