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Shell has paid tax in the UK North Sea for the first time in five years after being hit by the windfall energy profits levy.The oil giant said it had incurred → Read More
Households with smart meters could earn hundreds of pounds by using less electricity at peak times this winter as part of efforts to avoid blackouts. National G → Read More
Britain faces rolling blackouts this winter if it cannot import enough energy from Europe, National Grid has warned.Millions of households could have their electricity cut off for three hours at a time if there is not enough gas to supply power plants, forcing emergency plans for scheduled disconnec → Read More
Russia has been accused of blowing up two of its own gas pipelines in the Baltic Sea with the aim of destabilising Europe in the midst of its energy war.The pip → Read More
Banks are drawing up contingency plans to cope with the threat of rolling blackouts in Britain this winter.They are discussing how best to cope with the risk of load shedding, or organised power cuts, amid fears that the energy crisis triggered by Russia’s invasion of Ukraine could leave National Gr → Read More
Gas and power prices have fallen back from record highs as European leaders draw up measures to cap them and after Germany said its gas storage sites were filli → Read More
Key momentsEnergy prices rise by 80 per cent for 20 million households Wholesale gas and electricity costs soaring Why are energy bills rising?Energy p → Read More
Gas prices surged to new record highs yesterday as Russia prepared to halt supplies through a crucial pipeline to Europe.Prices for wholesale gas for the coming winter in Britain rose to as much as 719p per therm and were still trading at more than 680p per therm last night, more than 13 times highe → Read More
The government must act urgently to reduce the risk of blackouts this winter by getting households and businesses to use less energy, leading experts say.Minis → Read More
As Russia tightens the screw on gas supplies to Europe and amid growing fears of winter shortages, the government has stayed resolute in its insistence that the country’s energy is secure. “Unlike Europe, Britain isn’t dependent on Russian gas,” it has said. “The UK’s secure and diverse energy supp → Read More
Suppliers are now allowed to raise bills every three months, not six → Read More
The oil major Shell is to give $500 million to staff in extra bonuses after reporting its highest profits on record.The majority of its 82,000 global workforce → Read More
Energy bills could hit £3,850 a year by January after Russia further curbed gas supplies to Europe, sending wholesale prices for this winter soaring to all-time → Read More
Gas prices in Britain surged yesterday to highs not seen since March after Russia further curtailed supplies to Europe, just as European Union leaders agreed a weakened emergency plan to curb demand. UK wholesale gas prices for the month ahead rose by 17 per cent to more than 375p a therm — four tim → Read More
Europe may have to ration energy this winter if Russia cuts off the gas while Britain will also face “really, really high prices”, senior energy leaders have warned.The bosses of Shell and National Grid’s electricity system operator (ESO) both issued stark warnings about the bleak winter ahead, afte → Read More
Petropavlovsk is filing for administration after being crippled by the fallout of Russia’s invasion of Ukraine.Shares in the Russian gold miner were suspended from trading on the London Stock Exchange today as it said that it had resolved to file a High Court application to appoint administrators.Th → Read More
Energy bills are on course to exceed £3,300 this winter, deepening the cost of living crisis for millions of people.The price cap limiting standard tariffs for → Read More
National Grid hopes voluntary rationing will avert winter blackouts → Read More
The cost of refuelling a typical diesel car has passed £100 after prices at the pump hit new highs, motoring groups say.The price of a litre of diesel average → Read More
Responsibility for keeping the lights on in Britain will move from National Grid to a new independent public body by 2024, under government plans confirmed toda → Read More