If the volatility in global gas markets continues, British households could face typical energy bills well over £3,000 per year from the autumn,…
Continue Reading‘Febrile’ Gas Markets Spell Further Energy Price Hikes this Year, Ofgem Boss Warns
Written by Lauren Smith in Household & Bills Oil & Gas
Continued volatility in the wholesale natural gas prices will mean a further hike in the energy price cap in October, putting “a huge…
Continue ReadingUK Has Imported £220m of Russian Oil Since the Invasion of Ukraine
Written by Lauren Smith in Oil & Gas
Eight tankers carrying the equivalent of more than 1.9 million barrels of Russian oil docked in Britain since Putin invaded Ukraine and outraged…
Continue ReadingThird of Brits More Likely to Install Heat Pumps to Reduce Reliance on Russian Gas
Written by Lauren Smith in Household & Bills Oil & Gas
The need to ditch Russian gas has made a third (33%) of Britons more likely to replace their gas boiler with an electric…
Continue ReadingMajority of Brits Willing to Pay Higher Energy Bills to Ditch Russian Gas
Written by Lauren Smith in Oil & Gas
Three in five (59%) UK consumers are willing to pay more for energy if it helps undermine Russia’s war on Ukraine, with many…
Continue ReadingUK Natural Gas Prices Hit Record High Amid Suggestion of Embargo on Russian Imports
Written by Lauren Smith in Oil & Gas
Natural gas prices in the UK and Europe spiralled to record highs on Monday after the US said it was considering an embargo…
Continue ReadingRussian Sanctions Will Come at the Cost of Further Energy Price Spikes in the UK, PM Says
Written by Lauren Smith in Oil & Gas
The British public will have to bear even higher energy bills as the cost of inflicting “pain” on Russia through sanctions, Boris Johnson…
Continue ReadingUK Energy Bills Could Hit £3k as a Result of Russian Invasion of Ukraine
Written by Lauren Smith in Oil & Gas
British energy bills could surge to over £3,000 per year—triple the average level in recent years—as Russia’s invasion of Ukraine imperils Europe’s natural…
Continue ReadingNatural Gas Prices Will Stay High Until 2025, Goldman Sachs Warns
Written by Lauren Smith in Oil & Gas
Goldman Sachs analysts are warning that the “European energy crisis is not over yet,” with a risk that mounting tensions with Russia and…
Continue ReadingBritain’s gas network companies say they could replace a fifth of the grid’s fossil fuel gas with lower-carbon hydrogen from as early as…
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