Category : Search result: energy debt


Ofgem fines energy supplier £1.8m for service failures

Cornwall Energy, a UK gas and electricity provider, has been hit with a hefty £1.8 million penalty by regulator Ofgem for severe customer service and billing failures, leaving thousands of households in distress.

Ofgem's £3bn Warning to Energy Firms Over Customer Debt

The UK energy regulator, Ofgem, has issued a stark warning to suppliers over a mounting £3 billion debt crisis. With millions struggling to pay bills, the regulator is demanding urgent plans to support customers and prevent a future financial catastrophe

Victoria's renewable energy costs soar: what's next?

The ambitious renewable energy transmission plan in Victoria has encountered significant budget overruns, raising concerns about feasibility and taxpayer burdens. Experts weigh in on the challenges and potential solutions.

Tasmania wind farm plan divides opinion

A controversial wind farm project on Robbins Island, Tasmania, faces opposition over environmental concerns while promising significant renewable energy contributions.

British Gas owner buys £1.5bn gas terminal

Centrica, the parent company of British Gas, has acquired a £1.5bn gas terminal in a bold move signalling continued reliance on fossil fuels despite the green energy transition.

UK energy firms profit from Europe's gas crisis

British energy firms Centrica and National Grid are poised to benefit from soaring gas prices in Europe, with analysts predicting significant profits amid the ongoing energy crisis.

King Charles approves Sandringham solar farm

King Charles has given the green light for a solar farm on his Sandringham estate, marking a significant move in royal support for renewable energy. The project aims to power nearly 100 homes while preserving the estate's natural beauty.

Foil-wrapped kettles could cut energy bills

Households across the UK are being advised to use a simple kitchen foil trick to slash energy bills. Experts reveal how this unconventional method could keep your tea costs down.

US power demand hits record high, grid under strain

Soaring electricity usage in the US has pushed power demand to unprecedented levels, raising concerns over grid stability and household bills. Experts warn of potential price hikes and strain on infrastructure.

Australia’s Green Energy Export Potential

Australia stands on the brink of a green energy transformation, poised to lead the world in renewable exports. Discover how the nation can harness its vast natural resources to fuel a sustainable future.

Ørsted shares crash £9bn amid cash call crisis

Ørsted, the global leader in offshore wind energy, faces a financial storm as shares nosedive by £9bn following a shock cash call. Discover the implications for the renewable energy sector.

Tesla eyes UK energy market under Musk

Tesla, under Elon Musk's leadership, is reportedly exploring entry into the UK energy market, potentially supplying electricity to households. The move could disrupt traditional utilities.

£500 energy bill hike coming in January

Millions of UK households could see energy bills soar by £500 a year as Ofgem prepares to hike the price cap in January. Experts warn of a 'winter crisis' as costs spiral.

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