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Cornwall Insight on January Default Tariff Cap forecast

Cornwall Insight on January Default Tariff Cap forecast: Data reported on Monday evening (20/06) from Cornwall Insight forecast that the Default Tariff Cap for Q1 2023 (Jan-Mar) will rise to £3,003 per year for a typical user, with the last quarter of 2022 Q4 (Oct-Dec) predicted to be £2,980. The rise means an average household…
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Council thinks about staying with Gazprom contract

Council thinks about staying with Gazprom contract: Portsmouth City Council is set to make a U-turn on its agreement to end its gas contract with Gazprom before its late date. Local authority leaders will be asked to relinquish their decision to axe the contract because the UK arm of the company does not have ties…
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Edison Group releases renewables report

Edison Group releases renewables report: Edison report reveals geopolitical unrest to fuel renewables growth Based on the latest energy plans in the EU and UK, renewables could account for nearly 70% of their combined electricity production in 2030. Wind and solar markets could grow at CAGRs of 23% and 12% respectively over this decade. Primary…
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UK doesn’t plan to ration energy

UK doesn’t plan to ration energy The UK does not face the risk of energy rationing in the near future. During a session of the Welsh Affairs Committee on the grid capacity in Wales, Energy Minister Greg Hands suggested there was no risk of energy rationing . “We have got no plans and proposals on…
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Lithuania cuts Russian energy imports?

Lithuania cuts Russian energy imports? Lithuania has stopped importing energy supplies from Russia. The move was confirmed by the country’s Energy Minister Dainius Kreivys who stated: “As of Sunday, Lithuania will have completely cut import of Russian energy supplies i.e oil, electricity or natural gas, due to the Nord Pool’s decision to stop trading Russian…
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War leads brits to reduce energy consumption

War leads brits to reduce energy consumption Rising energy prices and the Russia-Ukraine war, which enters its 69th day appear to have an clash on how much energy and heating Britons are using for their homes. A new study by intelligent home climate management provider tado° found that almost 60% of Brits have reduced energy…
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Rouble account not opened to pay for Russian gas

Rouble account not opened to pay for Russian gas Eni has said it will maintain payments in euros for Russian gas. On Friday, amid a conference call the first-quarter results about the company was spoken of, Mr Francesco Gattei, Eni’s Chief Financial Officer, said: “About the mechanism of payment, what we can say is that…
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ENGIE encounters protests to stop Gazprom gas contracts

ENGIE encounters protests to stop Gazprom gas contracts: Outside of ENGIE headquarters in Paris, France, protesters joined to demand the firm cuts off gas contracts with Gazprom in Russia. It has been announced that nearly 100 protesters gathered on Friday outside the energy company’s offices, where they held placards reading “Engie! Stop Bloody Energy”. The…
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Uniper to use Russian bank to pay for gas

Uniper to use Russian bank to pay for gas: German utility firm Uniper will pay for Russian gas by using a Russian bank, instead of a European one, says report. Vladimir Putin announced that companies wanting to purchase Russian gas will have to pay in roubles starting now going forward. This is a reaction to…
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Energy prices to remain well above average up to 2030 +

Energy prices to remain well above average up to 2030 +: Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually. This is significantly above the five year pre-2021 historic average of £50/MWh in Winter and the even lower prices…
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