The energy regulator Ofgem have increased their price cap by 54% which will affect millions of households. Around 22 million customers who are on variable gas and electricity tariffs will… The post Millions face soaring bills as Ofgem announces a 54% increase as energy cap rises appeared first on London Business News | Londonlovesbusiness.com.
Gas supplier Firmus Energy are to increase prices for customers by 33% on 24 February which will add an extra £5.95 per week for the average household bill. Around 55,000… The post Natural gas supplier set to increase prices by 33% affecting around 55,000 customers appeared first on London Business News | Londonlovesbusiness.com.
Bitcoin accounts for an alarming rate of global electricity production, 0.5%, despite more green alternatives being available, according to new research from ESCP Business School reveals. Philip Mawusi Adiamah, MSc… The post Bitcoin uses more energy than the Netherlands every year appeared first on London Business News | Londonlovesbusiness.com.
More than half of the UK’s remaining energy suppliers are on the verge of collapse and are “technically insolvent.” According to analysis by the accounting company Price Bailey the credit… The post Expert warns more than half of remaining UK Energy firms are ‘technically insolvent and at imminent risk of collapse’ appeared first on London…
The Ukraine is on the brink war as Vladimir Putin has threatened to invade within days and the Russian leader has made threats to cut off the gas supply to… The post Putin threatens Ukraine with war in days and will turn gas off to Europe which will cause ‘energy rationing’ appeared first on London…
Analysis released today by Citizens Advice shows the struggle that many people, particularly single-parent families, have with debt as the cost of living crisis begins to bite. Citizens Advice’s figures show that around 280,000 people in England and Wales sought one-to-one help with debt in 2021, with many more using its website. Of those, almost…
Analysts at investment bank Goldman Sachs have warned that Europe could be struck with “electricity blackouts” within months should the average temperatures fall. Europe has more than enough gas stored… The post Europe warned ‘electricity blackouts are likely’ within months should the average temperatures fall appeared first on London Business News | Londonlovesbusiness.com.
Much has been made of energy price rises and how this will affect consumers when the next energy cap review takes place in April. Yet as the cost of fossil… The post Could an R&D claim help to offset rising business energy bills? appeared first on London Business News | Londonlovesbusiness.com.
A fishing industry group want “meaningful engagement” after Crown Estate Scotland announced the results of the ScotWind leasing process. This will see more than 7,000 square kilometres (2,700 square miles)… The post Offshore wind projects raise concerns for fishermen appeared first on London Business News | Londonlovesbusiness.com.
A think tank has predicted that many families across the UK are spending at least 10% of their household income on energy bills which are steadily rising. The Resolution Foundation… The post Millions of Brits are suffering with ‘fuel stress’ as soaring energy bills are unaffordable for many appeared first on London Business News |…
