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Russia might help the UK ease issues from energy crisis

Russia might help the UK ease issues from energy crisis: As gas prices proceed to skyrocket there have been allegations Russia is manipulating the energy crisis to drive through the authorisation of a new gas pipeline that would strengthen its dominance on the global energy market. Speaking to The Andrew Marr Show on BBC, &…
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Trying to survive at times like this has become unsustainable

Trying to survive at times like this has become unsustainable:  Only a few hours after Ofgem announced that Colorado Energy will stop operations, the company’s General Manager highlighted how tough the choice was for the supplier. “Heartbroken today to have to share the news that our company is entering into the Supplier of Last Resort…
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Sought-after petrol pumps ‘has people working from home’

Sought-after petrol pumps ‘has people working from home’ : According to recent data, one in every six Britons works from home because they lack access to fuel for their daily trip. According to a Randstad research, roughly 17% of employees are now unable to go to work unless they take public transportation, walk, or cycle.…
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Rail freight operators switch to diesel locomotives

Rail freight operators switch to diesel locomotives: Energy prices are currently skyrocketing, causing freight companies to abandon their environmentally friendly methods. Because of rising energy costs, the Rail Freight Group, a trade group representing operators in the UK’s rail freight sector, has announced that some of its members are moving to diesel locomotives and abandoning…
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Doubling onshore wind would take bill pressure off

Doubling onshore wind would take bill pressure off: To decrease energy bills, the sector has pushed the government to quadruple the onshore wind objective by 2030. RenewableUK predicts that doubling the country’s onshore wind capacity to 30GW may lower consumer costs by £16.3 billion by 2030. According to the trade organisation, this would result in…
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E.ON is stopping offering natural gas contracts

E.ON is stopping offering natural gas contracts:  Soaring gas prices appear to be having an influence not just on the UK’s energy market, but also on that of its northwest neighbour, Germany. “unfortunately, we are currently unable to offer you natural gas products.” E.ON has written on its website in the section for its gas…
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Russians have an answer to the UK energy crisis

Russians have an answer to the UK energy crisis: With the United Kingdom in the grip of a debilitating energy crisis, a growing number of observers believe that the current situation highlights the risks of Europe’s over-reliance on Russia for energy. “It is important to emphasise that Russia has some of the largest giants of…
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Amid the energy crisis Good Energy is ‘90% hedged’

Amid the energy crisis Good Energy is ‘90% hedged’: Good Energy, a renewable energy supplier, is 90 percent hedged for the next 12 months to help minimise the firm’s exposure to increasing energy prices and market volatility. “The business, like the sector at large given recent supplier exits, remains subject to a higher level of…
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Contemplation over Bulb’s acquisition by Ovo Energy

Contemplation over Bulb’s acquisition by Ovo Energy: Ovo Energy will presumably make a proposal this week to purchase Bulb. Sky News reported that Ovo, along with the help of its largest shareholder Mitsubishi, will offer a price to acquire the competing energy supplier that, recently, has been examining  opportunities to finance its business plans throughout…
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Energy crisis make suppliers cease adding new customers

Energy crisis make suppliers cease adding new customers: While the UK’s energy market has been descended into turmoil with a small quantity of companies having already gone bust, 2 suppliers have reported they will stop accepting new customers. Energy firm Utilita which provides energy to almost 800,000 customers stated: “By now, we are sure you…
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