Energy crisis talks fail to reach deal as household bills could double
3 years ago

Energy crisis talks fail to reach deal as household bills could double

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Emergency talks aimed at fixing Britain’s mounting energy crisis are set to continue as the government and suppliers grapple with how to tackle soaring gas prices. A meeting held on Monday failed to find a solution to what one industry leader has described as an “enormous crisis” as an industry riven by bankruptcies – around two dozen energy suppliers driven out of the market since August – has warned of an “enormous crisis” in 2022. A government spokesperson said that the meeting between large energy suppliers and Ofgem concluded with an agreement to keep talking to ensure “UK consumers are protected” against a backdrop of rising gas costs. Ovo chief executive Stephen Fitzpatrick said ahead of the meeting with business secretary, Kwasi Kwarteng, that climbing wholesale gas prices would be “an enormous crisis for 2022”.

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History of this topic

Peter Dutton to revive Scott Morrison's 'gas-fired recovery' in election pledge to cut energy bills
3 weeks, 2 days ago

Peter Dutton to revive Scott Morrison's 'gas-fired recovery' in election pledge to cut energy bills

ABC  

The Coalition is preparing a pre-election package promising to dramatically increase the supply of domestic gas, including through softer regulations, to push down energy bills for households and businesses. Nuclear just the start Peter Dutton said gas "will be incredibly important" for the grid and insisted he is eager accelerate new projects such a Narrabri in NSW to ensure more …

Govt urged to bring down electricity bills in the UK
1 month ago

Govt urged to bring down electricity bills in the UK

China Daily  

The chief of the independent body that advises the United Kingdom government on climate change has said efforts to meet green targets are being hamstrung by the high price of electricity. "We are not in the business of being policy prescriptive, but there are several things electricity markets and the government could choose to do to reduce the cost of …

Govt urged to bring down electricity bills in the UK
1 month ago

Govt urged to bring down electricity bills in the UK

China Daily  

The chief of the independent body that advises the United Kingdom government on climate change has said efforts to meet green targets are being hamstrung by the high price of electricity. "We are not in the business of being policy prescriptive, but there are several things electricity markets and the government could choose to do to reduce the cost of …

In the bleak mid-winter, energy prices will rise – but ‘shopping around’ won’t help
1 month, 2 weeks ago

In the bleak mid-winter, energy prices will rise – but ‘shopping around’ won’t help

The Independent  

As if the announcement of yet another energy price hike wasn’t bad enough, Ofgem has added insult to injury by telling the British public to simply “shop around” for better tariffs. The energy watchdog clearly knew that it was going to take some heat by releasing the information in the midst of a cold snap, when energy bills are at …

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn
2 months, 3 weeks ago

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is “dangerously underprepared” and vulnerable to another energy …

Call for £1.9bn a year to help oil and gas workers move into clean energy
2 months, 4 weeks ago

Call for £1.9bn a year to help oil and gas workers move into clean energy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For too long, industry bosses have pocketed record profits …

Energy price cap predicted to fall in January in glimmer of hope for households
3 months, 1 week ago

Energy price cap predicted to fall in January in glimmer of hope for households

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Energy consultancy Cornwall Insight said it expects the typical …

Millions of households told to take action by end of the day before energy price hike
3 months, 1 week ago

Millions of households told to take action by end of the day before energy price hike

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average household energy bill is to increase by £149 …

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says
4 months ago

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Labour’s flagship GB Energy company will shield consumers from international …

Energy bosses and Government discuss ways to support vulnerable households
4 months, 1 week ago

Energy bosses and Government discuss ways to support vulnerable households

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy firm bosses will meet …

GB Energy: Starmer vows to ‘drive down bills’ as Labour launches plan for state-owned energy firm
5 months, 2 weeks ago

GB Energy: Starmer vows to ‘drive down bills’ as Labour launches plan for state-owned energy firm

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer launched Great …

Reeves to reiterate Labour pledge to cut down energy bills
6 months, 2 weeks ago

Reeves to reiterate Labour pledge to cut down energy bills

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Labour government would help …

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories
6 months, 3 weeks ago

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories

The Telegraph  

Claire Coutinho has accused Labour of misleading voters over claims its green energy plans will slash household bills by £300 a year. The criticism comes after Ed Miliband, the shadow energy secretary, claimed that a massive expansion of wind, solar and nuclear power will cut consumer bills by an average of £300 a year by 2030. However, Ms Coutinho pointed …

Labour says GB Energy will fix cost-of-living crisis with clean power
7 months, 1 week ago

Labour says GB Energy will fix cost-of-living crisis with clean power

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Labour’s pledge to set up a publicly owned company to invest in domestic power …

Gas bills could rise by £1,000 to pay for wind power
7 months, 2 weeks ago

Gas bills could rise by £1,000 to pay for wind power

The Telegraph  

Gas bills are projected to rise by around £1,000 to pay for wind power under official plans currently being considered by the Energy Secretary. Claire Coutinho received a report earlier this year that suggested moving some or all green levies from household electricity bills to gas bills, or shifting them into general taxation. A new analysis by Cadent, a gas …

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing
7 months, 3 weeks ago

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing

Daily Mail  

Brits are set for much-needed relief with energy bills projected to fall by another 7 per cent in July. Dr Craig Lowrey, Principal Consultant at Cornwall Insight, said: 'Our projections suggest that from July, the average annual bill will fall by around £500 compared to last summer, offering further relief given the quarter-on-quarter drop seen in April. 'While the cap …

Energy bosses call for ‘progressive social tariff’ on bills amid price hikes
8 months ago

Energy bosses call for ‘progressive social tariff’ on bills amid price hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The bosses of Centrica and …

British energy production plunges to record low
9 months, 2 weeks ago

British energy production plunges to record low

The Telegraph  

Ross Dornan, author of the report, warned that plummeting oil and gas output was directly linked to the Government’s decision to impose windfall taxes on offshore operators’ profits – prompting many to cut new investments. “Oil and gas investments have become a lot less profitable and competitive as commodity prices have fallen but not project costs and tax rates.” The …

Energy companies rake in £1bn a week as British families struggle in cost of living crisis
10 months, 2 weeks ago

Energy companies rake in £1bn a week as British families struggle in cost of living crisis

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy companies raked in “eye-watering” profits of more than £1bn …

Energy price cap 2024: Households see bills fall as Ofgem drops energy price gap
10 months, 2 weeks ago

Energy price cap 2024: Households see bills fall as Ofgem drops energy price gap

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Households will see …

Energy bills: How are Labour and Conservatives proposing to help households?
10 months, 2 weeks ago

Energy bills: How are Labour and Conservatives proposing to help households?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The government is offering fossil fuel giants tax relief on …

Energy bill price hike takes effect as record numbers struggle with debt
1 year ago

Energy bill price hike takes effect as record numbers struggle with debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Without additional support, it will be anything but a …

Households issued urgent 24-hour warning as energy bills to rise by £94
1 year ago

Households issued urgent 24-hour warning as energy bills to rise by £94

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. This means the UK government needs to take much more action to help people …

Household energy bills to rise 5% from January 1 amid record consumer debt
1 year ago

Household energy bills to rise 5% from January 1 amid record consumer debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A £94 increase to the …

Ovo joins calls for overhaul of household energy standing charges
1 year, 4 months ago

Ovo joins calls for overhaul of household energy standing charges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Energy bills expected to fall £150 a year from October
1 year, 4 months ago

Energy bills expected to fall £150 a year from October

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The amount that an average …

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit
1 year, 5 months ago

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Simon Francis, coordinator of the …

Experts explain why British Gas profits soar by 889% while households struggle with bills
1 year, 5 months ago

Experts explain why British Gas profits soar by 889% while households struggle with bills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. So we’ve seen a great number of people pushed into poverty.” However, Dr Sandher …

Average household energy bill to fall by £426 from July amid Ofgem price cap cut
1 year, 7 months ago

Average household energy bill to fall by £426 from July amid Ofgem price cap cut

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. At its peak, the price cap reached £4,279 and, …

Household energy bills to fall from July after cut to Ofgem’s price cap
1 year, 7 months ago

Household energy bills to fall from July after cut to Ofgem’s price cap

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. At its peak, the price cap reached £4,279 and, …

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes
1 year, 7 months ago

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes

Associated Press  

FRANKFURT, Germany — The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis but warning that stubbornly high inflation is likely to keep hurting the economy by sapping people’s ability to spend. The outlook for the 20 countries using the euro currency improved to growth of …

Council tax, energy and water bills – all of the price rises kicking in from 1 April
1 year, 9 months ago

Council tax, energy and water bills – all of the price rises kicking in from 1 April

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Even dual-income families with above average earnings will now be drawn into the struggle …

Martin Lewis gives verdict on whether energy bills will rise
1 year, 10 months ago

Martin Lewis gives verdict on whether energy bills will rise

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Consumer champion Martin Lewis has shared his verdict on whether …

Energy bills set to eat up 10% of average salary as government support ebbs
1 year, 10 months ago

Energy bills set to eat up 10% of average salary as government support ebbs

The Independent  

Energy bills will account for up to 10 per cent of the average salary from April, new research from the TUC suggests, as analysts warned that households won’t see the benefit of falling wholesale prices until at least July. TUC general secretary Paul Nowak said: “The government must cancel its imminent hike in household energy bills at next month’s budget. …

Study reveals toll of global energy crisis as 'total' energy costs spike
1 year, 10 months ago

Study reveals toll of global energy crisis as 'total' energy costs spike

ABC  

Up to 140 million extra people could be tipped into extreme poverty worldwide by an energy crisis that has sent prices soaring more than 100 per cent for many households, a new report has revealed. Key points: A report finds total household energy costs have risen between 62 per cent 113 per cent globally in a year Direct energy costs …

Energy bills will remain higher for years, warns boss of major gas producer
1 year, 11 months ago

Energy bills will remain higher for years, warns boss of major gas producer

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Societies need to stop thinking …

Energy bills forecast to fall further as gas prices tumble
1 year, 11 months ago

Energy bills forecast to fall further as gas prices tumble

The Telegraph  

Energy bill forecasts have been cut for the second time in two weeks in a boost to households and the government. Investec now expects the price cap on energy bills to fall to £3,317 in April, then £2,478 in July and £2,546 in October. It indicates that the price cap will fall below the £3,000 level from April of the …

Hunt’s energy discount for firms: the cliff edge still looms even if it isn’t as steep
1 year, 11 months ago

Hunt’s energy discount for firms: the cliff edge still looms even if it isn’t as steep

The Independent  

The £13bn question facing Jeremy Hunt’s new energy bills discount scheme is this: can it survive a second spike in bills? The current scheme, which runs to April, caps unit energy prices at a cost to the taxpayer of £18bn, which Hunt has argued is unsustainable. However, it is worth remembering that public-sector bodies, such as schools and hospitals, along …

The government’s decision to slash energy bills support risks stoking inflation
1 year, 11 months ago

The government’s decision to slash energy bills support risks stoking inflation

The Independent  

Since the onset of Covid, we’ve lost half a million small firms. Allowing more well-run businesses to go under creates a false economy – and the government’s absurd and out of touch decision to slash energy support is taking us one step closer to this nightmare. But our research shows that, if we face continuing high energy prices, a quarter …

Households heading for £500 energy bill boost
2 years ago

Households heading for £500 energy bill boost

The Telegraph  

Households are on course to pay hundreds of pounds less than feared for energy after gas prices dropped to their lowest levels since before Russia’s invasion of Ukraine. Analysts at Investec forecast that the energy price cap, which dictates what suppliers can charge for gas and electricity, will be as low as £2,600 per year from July. But Mr Young …

Huge energy bills could persist until 2030, experts warn
2 years ago

Huge energy bills could persist until 2030, experts warn

The Independent  

Sky-high energy bills are not a “single winter” problem and could persist up until 2030, an industry expert has warned. “Gas prices in the UK are projected to continue to be impacted as the country’s heavy reliance on imported gas sees it vulnerable to global rises,” he said. “Our long-term forecasts indicate gas prices are likely to remain high up …

‘Life or death:’ As Britons buckle under the cost of living crisis, many resort to ‘warm banks’ for heat this winter
2 years ago

‘Life or death:’ As Britons buckle under the cost of living crisis, many resort to ‘warm banks’ for heat this winter

CNN  

London CNN — In a community center in central London, a young child plays in a makeshift area as her caregiver rocks her stroller and chats to a friend. “Poverty has been building up over the last dozen years and getting worse,” says Marmot, director of University College London’s Institute of Health Equity. “There’s surprisingly lots of people that do …

Energy ministers to tackle skyrocketing power prices ahead of national cabinet meeting
2 years, 1 month ago

Energy ministers to tackle skyrocketing power prices ahead of national cabinet meeting

ABC  

A lot of eyes will be on energy ministers on Thursday, as they take part in the first of two meetings this week between state and federal decision-makers focused on how to avoid skyrocketing power prices. By introducing a cap on how much energy producers can sell either coal or gas for in the Australian market, it'll also reduce what …

IEA chief sees energy crunch for Europe next winter
2 years, 1 month ago

IEA chief sees energy crunch for Europe next winter

Associated Press  

BERLIN — Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves although the continent could face a bigger energy crisis next winter, the head of the International Energy Agency said Thursday. Fatih Birol said that, barring unforeseen events, “Europe will go through this winter with some economic and social …

UK ‘to face worst downturn of major economies’ in 2023, says OECD
2 years, 1 month ago

UK ‘to face worst downturn of major economies’ in 2023, says OECD

The Independent  

The government was today accused of sending the country into an economic “doom loop” after new forecasts suggest Britain will rank bottom of the growth league table for major economies for the next two years in succession. It also said that the UK was vulnerable to blackouts over the coming months, warning: “A particularly cold winter could risk supply disruptions, …

According To A Survey, UK Citizens Are Having To Skip Meals Due To Inflation
2 years, 2 months ago

According To A Survey, UK Citizens Are Having To Skip Meals Due To Inflation

News 18  

Millions of Britons are skipping meals in current the cost-of-living crisis, a consumer group warned Thursday, having already forecast that many risk fuel poverty after the UK curbed its energy price freeze. The news came after data showed UK inflation jumped back above 10 per cent in September on rampant food prices, as economic troubles pile up for beleaguered Conservative …

Energy bill support could be cut after April 2023, says Jeremy Hunt
2 years, 2 months ago

Energy bill support could be cut after April 2023, says Jeremy Hunt

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a shock move aimed at reassuring markets the government can balance the books, Mr …

Energy crisis - live: Liz Truss issues hundreds of new oil and gas licences despite climate change
2 years, 3 months ago

Energy crisis - live: Liz Truss issues hundreds of new oil and gas licences despite climate change

The Independent  

✕ Close Nadhim Zahawi promises power cuts are 'highly unlikely' Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy …

UK government caps energy bills for businesses for 6 months
2 years, 3 months ago

UK government caps energy bills for businesses for 6 months

Associated Press  

LONDON — Britain’s government said Wednesday it will cap wholesale energy bills for businesses this winter to ensure companies don’t go bust amid soaring energy prices. Authorities said the government will pick up nearly half of all business energy bills for six months starting Oct. 1 to ensure companies “are able to get through this winter.” “We’re going to review …

Businesses await details of support to cope with soaring energy bills
2 years, 3 months ago

Businesses await details of support to cope with soaring energy bills

The Independent  

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