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Tag: gas crisis
over 2 years ago
cityam.com

Chancellor urged to cut household bills by £200 with 'retrofit revolution'

A group of the UK’s most senior housing figures have called for a "retrofit revolution" to cut down household bills.

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over 2 years ago
cityam.com

Supermarkets cheapest place to go for petrol, says AA

Motorists looking for minimise the pain of record petrol prices should top-up their tanks at supermarkets, reveals mo...

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over 2 years ago
cityam.com

Petrol prices spiral to record highs putting more pressure on motorists

Diesel and petrol prices climbed to record highs yesterday, putting more pressure on squeezed motorists as the cost-o...

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over 2 years ago
cityam.com

Windfall tax not ruled out as Sunak urges energy giants to invest in UK energy sector

Chancellor Rishi Sunak refused to rule out a windfall tax on energy companies yesterday, warning that “no option is o...

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over 2 years ago
cityam.com

European Commission urges EU to be ready for cut-off in Russian gas supplies

The European Union should prepare for Russia to switch off gas supplies into Europe, the trading bloc's executive arm...

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over 2 years ago
cityam.com

Sunak warns energy companies 'no option is off the table' amid calls for a windfall tax

Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector...

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over 2 years ago
cityam.com

EU provides companies with sanctions wriggle room

The EU has provided companies and member states wriggle room to buy Russian gas without busting the trading bloc's sa...

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over 2 years ago
cityam.com

EDF reaches deal with energy specialist to support heat pump roll-out

Energy giant EDF has teamed up with CB Heating to boost its heat pump offering to customers and train more installers.

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over 2 years ago
cityam.com

Martin Lewis apologises for sweary rant after branding Ofgem changes a "f******g disgrace"

Martin Lewis has apologised for "losing his rag" during a furious rant to Ofgem over proposed changes to the energy s...

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over 2 years ago
cityam.com

Ofgem boss: Expect even higher energy bills this winter

Energy prices will rise again in October, putting more pressure on struggling households, warned Ofgem boss Jonathan ...

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over 2 years ago
cityam.com

Ofgem proposes price cap shake-up which could see energy bills fall faster

Energy users could see their household bills fall faster, with Ofgem one step closer to a major revamp of the consume...

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over 2 years ago
cityam.com

Kwarteng pushes for gas to be classified as 'green investments'

Kwasi Kwarteng is looking to classify as natural gas as a 'green investment' in a bid to ramp up North Sea production...

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over 2 years ago
cityam.com

Germany brings in more emergency measures to control gas supplies amid supply shortage fears

Germany has brought in new measures to control the country's energy supply amid continued volatility in global gas ma...

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over 2 years ago
cityam.com

Activist investor prepares to take on Shell over climate targets

Shell is preparing for a shareholder showdown at its upcoming AGM, as activists push for more stringer environmental ...

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over 2 years ago
cityam.com

Gas prices soar as the Kremlin brings in sanctions against European Gazprom divisions

Gas prices on UK and European benchmarks have spiked again after the Kremlin has imposed sanctions on Gazprom units i...

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over 2 years ago
cityam.com

Energy Bill: Government commits to renewable ramp up but lacks plan for cost-of-living crisis

Industry commentators have responded to the inclusion of the Energy Security Bill in the Queen's Speech, and the lack...

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over 2 years ago
cityam.com

Viktor Oil Ban: Hungary digs in heels as EU pushes for sanctions

French President Emmanuel Macron has held talks with Viktor Orban as the EU looks to finalise its ban on Russian oil ...

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over 2 years ago
cityam.com

Tesco chief joins calls for energy firms to face windfall tax

Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease pressure on ho...

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over 2 years ago
cityam.com

Ofgem "failed to understand and tackle risks in the market" argues Citizens Advice

Energy regulator Ofgem"failed to understand and tackle risks in the market" in the run-up to the industry crisis last...

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over 2 years ago
cityam.com

High gas prices here to stay, as government faces more pressure to provide support with energy bills

High gas prices will persist for the next three years, warned investment bank Stifel, as millions of households strug...

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over 2 years ago
cityam.com

Consumer watchdog urges energy users to boost energy efficiency to drive down household bills

Uswitch.com has called on households to focus on energy efficiency and ramping up insulation to ease the pressure of ...

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over 2 years ago
cityam.com

Germany turns to floating gas units to cut down dependence on Russian imports

Germany has rented four floating storage and regasification units as it aims to reduce its reliance on piped natural ...

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over 2 years ago
cityam.com

UK risks carbon dioxide shortage due to energy taxes, warns vital fertiliser firm

CF Fertilisers warned the government last year that green levies could lead to more firms collapsing, as it struggled...

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over 2 years ago
cityam.com

Ofgem fines UK's largest electricity distribution network for failing to support vulnerable custo...

The UK's largest electricity distribution network operator has agreed to pay nearly £15m failed to provide support to...

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over 2 years ago
cityam.com

Government weighs up extending life of Hinkley Point B as energy crisis deepens

Business Secretary Kwasi Kwarteng is open to extending the life of nuclear power plant Hinkley Point B amid increasin...

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over 2 years ago
cityam.com

BP and Shell set to unveil massive profits and payouts amid growing calls for windfall tax

Shareholders in BP and Shell are anticipating bumper payouts this week, amid mounting calls for a windfall tax.

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over 2 years ago
cityam.com

Clean energy start-up pursues investors for world's longest undersea cable

Plans for the world's longest undersea cable connecting that could deliver nearly a tenth of the UK's electricity hav...

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over 2 years ago
cityam.com

Government doubles support for high energy businesses as energy crisis deepens

The government is boosting support for high energy usage businesses, amid spiralling energy costs and record power pr...

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over 2 years ago
cityam.com

Germany caves in to Russia's rouble demands

Germany has ceded to Russian President Vladimir Putin’s demand to pay for Russian gas with roubles, as the energy cri...

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over 2 years ago
cityam.com

Total pain: French energy giant suffers $4.1bn hit from Arctic LNG project

TotalEnergies has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) projec...

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over 2 years ago
cityam.com

It would be 'silly' to provide households with more support before price cap update, says Rishi S...

Chancellor Rishi Sunak plays down the prospect of immediate support for households despite mounting pressure on consu...

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over 2 years ago
cityam.com

Revealed: Russia pockets £53bn in oil and gas cash since start of Ukraine war with £7.6bn from Ge...

It has been revealed that Germany was the biggest buyer of Russian energy during the first two months of the war in U...

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over 2 years ago
cityam.com

Government asks energy company to extend life of coal power units in supply security push

The government is exploring the possibility of expanding the lifespan of the UK's coal-fired power stations this winter.

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over 2 years ago
cityam.com

Customers could save nearly £150 by turning off 'vampire electronics' reveals British Gas

Households could save £147 on their electricity bills every year by switching off electronics left on standby, accord...

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over 2 years ago
cityam.com

Uniper expects to pay for Russian gas in roubles despite halting flows into Poland and Bulgaria

Uniper has confirmed it still expects to be able to pay for long-term gas contracts from Russia through the roubles p...

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over 2 years ago
cityam.com

Sigh of relief in the City as govt calls idea of windfall tax on oil and gas profits 'disastrous'

The Justice Secretary this morning dismissed Labour’s plan for a windfall tax on oil and gas companies to ease the co...

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over 2 years ago
cityam.com

Austria to pay for Russian gas in roubles

Austria has ceded to Russian demands to pay for its gas supplies in roubles, amid escalating tensions between the Wes...

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over 2 years ago
cityam.com

Gazprom halts gas supplies to Bulgaria and Poland as Russia demands rouble payments

Kremlin-backed energy giant Gazprom has halted gas supplies to Bulgaria and Poland for failing to pay for gas in roub...

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over 2 years ago
cityam.com

Multiple firms remain interested in Bulb Energy's customers

Rival firms are still open to taking on customers from Bulb Energy, but are not prepared to commit to a full takeover...

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