If Russia were to cut gas supplies to the EU completely, then one scenario the ECB envisages – if it is not possible to secure alternative gas supplies from Asia, Norway and the US – is gas rationing across the… Read More »Eurozone interest rates in record rise to fight inflation
Michael Ball, 25, from Kirkcaldy is on Universal Credit, as well as being in work. He is trying to sort out his prepayment meter with the help of his MP, and get an air source heat pump installed in his… Read More »Energy bills: ‘The government help is no use to me’
Expect to see the new PM in Oslo, Ottawa and the Gulf before long. The plans for long-term production reflect a strategic decision not to be dependent on imported energy, that will take some time to come to fruition. The… Read More »Energy bills to be capped at £2,500 for typical household
For a typical household – one that uses 12,000 kWh (kilowatt hours) of gas a year, and 2,900 kWh of electricity a year – it means an annual bill will not rise above £2,500 from October. Without this intervention, that… Read More »What the new Liz Truss energy plan means for you
However the government is planning a shake-up of the energy market, the BBC has learned. Senior officials have had a series of meetings with power companies to discuss how their contracts might be changed so the price cap avoids funnelling… Read More »Liz Truss set to unveil plans to cut energy bills for millions
Further dates for walkouts are announced by staff in the Communication Workers Union. Source: BBC
A transport minister tells MPs that Avanti West Coast’s contract could be withdrawn. Source: BBC
Investment bank Goldman Sachs said a cap on bills for households could see inflation, which tracks how the cost of living changes over time, peak at 10.8% in October, rather than the 14.8% it forecast before. It then expects inflation… Read More »Pound falls to lowest level against dollar since 1985
“We’re going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security… they’re not allowed to use this money to invest in China, they can’t develop leading-edge technologies in China…. for a period of… Read More »US bars ‘advanced tech’ firms from building China factories for 10 years
According to Red Flag Alert, there are 355,000 companies with a turnover higher than £1m that are designated as high energy users – industries such as steel, glass, concrete, and paper production. Of those, the company estimates 75,972 are at… Read More »Warning that firms will fail without energy bill help