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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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Sizewell C eyed by centrica?

Sizewell C eyed by centrica? British Gas owner Centrica is reportedly to have plans to join EDF in assisting the Sizewell C nuclear power station in Suffolk. According to Daily Mail, Centrica has arranged to take a stake in the project which is currently at a stage to appeal to new investors. A couple of…
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Agreement by Centrica to safegaurd winter energy supplies

Agreement by Centrica to safegaurd winter energy supplies Centrica has collaberated with Equinor to steady the energy crisis due to rising energy bills and the war in Ukraine. The signed settlement will see the Norwegian energy firm bring an extra 1 billion cubic metres of gas supplies to the UK for each of the next…
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Is it possible for energy companies to safeguard customers?

Is it possible for energy companies to safeguard customers? How could energy companies protect their customers’ credit balances among the major energy crisis? It has been said that Chris O’Shea, Chief Executive of Centrica, during the company’s annual general meeting last week, slammed “newer, larger UK energy firms” for not supporting his proposals on the…
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Octopus attempts to take over Bulb

Octopus attempts to take over Bulb Octopus Energy has reportedly introduced a last-minute bid to take over Bulb, which listed special administration in November. The company, which was the largest of more than two dozen energy suppliers that went bankrupt in the past year, was put into this regime after the government stepped in appointing…
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Centrica submitted application to reopen ‘largest’ gas storage site

Centrica submitted application to reopen ‘largest’ gas storage site British Gas owner Centrica has submitted an application to the North Sea energy regulator to reopen Rough, which is considered the UK’s largest gas storage facility. The company confirmed it is in “exploratory discussions” with the government about the way Rough could boost the country’s energy…
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Customers appeal energy firms to protect credit balances

Customers appeal energy firms to protect credit balances Almost 86% of customers wish for their energy suppliers to support their credit balances. That’s according to a new YouGov survey acredited by Centrica which found that 91% of E.ON customers, 88% of British Gas customers and 85% of Octopus customers want to see their providers safeguard their…
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Severe hit on customers’ payment ability say energy chiefs

Severe hit on customers’ payment ability say energy chiefs: Customers in the millions are finding it difficult to pay their energy bills after a large increase in the price cap with average household gas & electricity bills soaring to £1,971 per year. Michael Lewis, Chief Executive Officer of E.ON, speaking in a session of the…
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Energy prices rise with Bord Gáis Energy

Energy prices rise with Bord Gáis Energy: As wholesale prices continue to soar, Irish energy supplier Bord Gáis Energy has reported it will raise the price of its electricity & gas tariffs. The adjustments will see customers’ electricity bills increase by 27% & gas bills by 39%, commencing 15th April. The firm says the rising…
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NHS must stop using Gazprom gas says Health Secretary

NHS must stop using Gazprom gas says Health Secretary: The government has said hospitals all over the UK need to figure out ways to end their gas supply contracts with Kremlin-conducted Gazprom. “Given this invasion, it is right that everyone, not just the public sector reviews where they are buying Russian oil & gas. “We…
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