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Top weather may cause socioeconomic imbalance

Top weather may cause socioeconomic imbalance: Extreme weather events could, though its rippling effects, cause the destablisation of the socioeconomic system. PLoS Climate‘s latest research found a correlation between extreme events and the disruption of interconnected sectors, with the recent heatwaves that cause droughts in some areas being the most recent example. The researchers show…
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Race in onshore energy networks

Race in onshore energy networks: UK’s onshore electricity network market will soon undergo a serious overhaul. The government has revealed details of the meeting on the introduction of a framework that would give access to competition in onshore electricity networks. Currently, electricity network companies are liable for building, owning and operating electricity network infrastructure, ensuring it’s ready to meet the energy…
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Bad debt recovery decision deferred

Bad debt recovery decision deferred Ofgem has disclosed that it will put off its appointment on the introduction of an allowance in the price cap to recover bad debt. The consultation would aim to make sure the cap reveals the efficient prices incurred by suppliers because of bad debt and other debt related costs as…
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Estimations for £4K mark on winter energy bills

Estimations for £4K mark on winter energy bills Britons may soon discover themselves paying more than £4K per year for the energy they consume. New analysis from Investec Bank Plc implies the cap on default energy tariff may increase to £4,210 a year in January 2023. It is worth pointing out that the prediction is…
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‘Don’t pay’ campaign neglected by Ofgem

‘Don’t pay’ campaign neglected by Ofgem Ofgem Chief Executive is going to discourage people from joining campaigns for an energy cost strike. Tens of thousands have previously put their names to a agreement to cancel their direct debit payments for energy bills from 1st October. Following the statement of the quarterly price cap review methodology,…
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Gas & electicity for the next 8 months bought by council

Gas & electicity for the next 8 months bought by council Slough Borough Council in the South East of England will buy 100% of its estimated energy consumtion until March 2023 in advance. Previously this year, the local authority could see its energy bills soar by an additional £3m as a result of the rising…
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New energy price cap to be about £3.5k

New energy price cap to be about £3.5k Average yearly energy bills could increase to £3.5k, according to the Bank of England (BoE). At a press conference where officials reported the largest interest rate hike in 27 years while forecasting a prolonged period of recession for the UK, Governor Andrew Bailey stated: “We think, on…
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Businesses could see October energy bills soar x5

Businesses could see October energy bills soar x5: Businesses in the UK will see their energy bills rocket when new contracts are negotiated in October1 according to data from Cornwall Insight. Some will face bills five times their current price, as concerns over Russian gas supply, tight electricity markets in Europe, and a global disruption…
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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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