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31% increace in gas within last week of July

31% increace in gas within last week of July UK gas costs that take a toll on peoples homes and businesses similar continue to rise to record highs. The most recent Office for National Stats report on economic activity & social change implies the seven-day rolling average gas price increased by 31% in the week…
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Madrid won’t be turning off lights to save energy

Madrid won’t be turning off lights to save energy The regional officer of Spain’s capital, Madrid has stated that the city won’t be switching off the lights to preserve energy ahead of the “tough” winter for countries all across the world. Her comments lead the statement of emergency actions from Spain’s Prime Minister Pedro Sánchez.…
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Energy crisis intensifies & bp’s profits increase

Energy crisis intensifies & bp’s profits increase bp‘s profits hit $8.45bn (£6.9bn), more than three times the quantity it made in the same period the previous year. Like peers, the company was able to capture the benefit of high energy prices translated into the 2nd highest number in the firm’s history. In its second quarter outcome…
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£3616 energy bills to be faced

£3616 energy bills to be faced British homes have been advised to prepare for annual energy bills of £3,616. Consultancy Cornwall Insight told BBC Breakfast that domestic customers could pay £3,359 per year in October and £3,616 in January. Although this prediction is lower than the grim estimation last week for monthly energy bills of…
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UK has wasted about 1.3GWh of wind

UK has wasted about 1.3GWh of wind The UK has lost above 1.3GWh of wind since the beginning of the energy crisis in September 2021 due to the lack of energy storage capacity. That’s one of the discoveries of a brand new report by energy storage developer Highview Power which implies as a result of…
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£1bn from gov to help to seal Bulb takeover deal

£1bn from gov to help to seal Bulb takeover deal Octopus has allegedly asked the government for £1bn in taxpayer cash to finalise the takeover deal of Bulb. According to Sky News, the deal may involve Octopus, the reported only bidder, paying up to £200M to take on Bulb’s 1.6 million customers. It has been…
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EDF & Veolia condemned for keeping Russian ties

EDF & Veolia condemned for keeping Russian ties: Energy company EDF and waste, energy and water services firm Veolia have encountered criticism for maintaining various contracts with Russia. Environmental group Greenpeace has pushed for EDF to cut the contractual connections to Russian state-owned firm Rosatom. Reports believe the contract with the Russian nuclear power giant…
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Europe fights energy crisis by cutting gas

Europe fights energy crisis by cutting gas: European ministers have decided voluntarily to reduce their countries’ gas consumption by 15% from 1st August to 31st March 2023 in a effort to get ready for a complete disruption of Russian gas this winter. After Gazprom reported an additional decline in the gas flows via the Nord…
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Responses from industry to energy pricing report

Responses from industry to energy pricing report: The Business and Energy and Industrial Strategy Committee has now released its report closing its inquiry into energy pricing as well as the future of the energy market. MPs have demanded the government to update its energy bill support package to protect customers before the predicted additional rises…
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Local Electricity Bill gets backed by council

Local Electricity Bill gets backed by council: A campaign has been given backing from a Salisbury council that will allow area electricity generators to become suppliers in their local communities. During the entire meeting, Salisbury City Council agreed to support the Local Electricity Bill, which if made law would authorise a right to local supply,…
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