Ofgem Price Cap Drop: UK Energy Bills to Fall by Over £400 from July
Ofgem price cap drops to £2,074 from July, cutting typical bills by £426. First decrease in two years, but costs remain high.
Category : Energy
Octopus Energy Advises Customers to Drink Tea to Keep Warm Amid Soaring Bills
Octopus Energy advises customers to drink tea and eat comfort foods to keep warm, sparking criticism amid soaring energy prices and fears for pensioners.
Martin Lewis Tip Saves £215 on Energy Bills
Journalist saves £215 yearly by ditching tumble dryer per Martin Lewis's advice. Dehumidifier alternative costs 5p per hour.
Lessons from the 1970s oil crisis as global tensions fuel price surge
The 1973 oil crisis offers lessons as today's geopolitical tensions push prices above $100 per barrel, with stronger economic defences and a shift toward renewables.
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Geelong Oil Refinery Fire Extinguished After 13-Hour Blaze
A 13-hour fire at Viva Energy's Geelong oil refinery threatens petrol supplies, with experts warning of pressure on Australia's fuel security.
Angela Rayner hints Starmer should be replaced as Labour leader
Angela Rayner suggests Keir Starmer's unpopularity may warrant replacement as Labour leader, citing public sentiment and the need for listening to voters.
Cuba Blackout Leaves Millions Without Power As Oil Crisis Deepens
Millions in Cuba face prolonged blackout after power plant failure, worsening energy crisis amid oil shortages and US sanctions.
UK Farmers Plan Fuel Protests as Diesel Hits £2 per Litre
UK farmers plan fuel protests as Iran war pushes diesel to £2 per litre, with organisations meeting next week to discuss demonstrations.
South Pars Gas Field Raises Middle East Conflict Stakes
The South Pars gas field, shared by Iran and Qatar, is the world's largest and a key factor in Middle East energy tensions.
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Households to Get Cash Rebates for Cutting Energy Use Tonight
Households can earn cash rebates by cutting electricity use tonight between 5pm and 6.30pm under the Demand Flexibility Service.
UN Climate Finance Initiative Criticised for Lack of Fossil Fuel Moratorium
UN climate finance initiative criticised for lacking a moratorium on new fossil fuel investments, with loopholes that may allow continued funding.
Best Time to Charge Your EV to Save Money: Expert Tips on Off-Peak and Plunge Pricing
Expert reveals cheapest times to charge your EV in the UK, including off-peak hours and plunge pricing discounts, with rates as low as 6.7p per kWh.
North Sea Oil and Gas Jobs at Risk as 30,000 Losses Predicted
UK oil and gas industry warns 30,000 jobs could be lost due to coronavirus and low oil prices, with firms struggling to survive.
UK Energy Bills to Drop as Ofgem Lowers Price Cap
Ofgem cuts energy price cap by 7% to £1,720 from July, reducing typical household bills by £129 amid lower European gas prices.
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Solar Panels and Heat Pumps Mandatory for New UK Homes
New UK homes must have solar panels and heat pumps; plug-in solar available soon. Savings up to £830/year.
Iran Threatens Gulf Energy Facilities After Israeli Attack on Its Largest Gasfield
Iran threatens Gulf energy facilities after Israeli attack on its South Pars gasfield, escalating the conflict and pushing oil prices towards $110 a barrel.
BoJ Hikes Rates to 1%, Highest Since 1995
The Bank of Japan raised its short-term policy rate to 1%, a 31-year high, to combat inflationary pressures from the Iran war, while US and UK central banks are expected to hold rates.
Chernobyl's cover-up is a warning for our nuclear future
The secret Soviet operation to induce rain after Chernobyl sacrificed Belarus, highlighting the global health risks of nuclear power.
Atmos Energy Pipes Pulled Apart by Clay Soil Before Mississippi Gas Explosions, NTSB Finds
NTSB report finds Atmos Energy pipes separated by clay soil shifts before two deadly gas explosions in Jackson, Mississippi, in January 2024.
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Lidl to Sell £400 Plug-in Solar Panels: What UK Households Need to Know
Lidl to sell £400 plug-in solar panels in UK, offering potential savings of £70-£110 a year. Government backs approved kits for easier home use.
UK Reopens CO2 Plant with £100m Grant Amid Iran War Shortage Fears
UK reopens Ensus CO2 plant with £100m grant amid fears Iran war could cause shortages, protecting food, drink, and healthcare industries.
Use A4 Paper in Fridge Before Friday Heatwave
Beko advises checking fridge door seals with A4 paper as UK temperatures hit 30C on Friday. A faulty seal can waste energy and spoil food.
Martin Lewis Urges Meter Reading Before July 1 Price Cap Rise
Martin Lewis and energy experts urge UK households to take a meter reading photo before July 1 to avoid overpaying due to Ofgem's price cap increase. Simple step ensures accurate billing.
Belgium to Close Ageing Nuclear Reactors by 2025 Amid Safety Concerns
Belgium agrees to close seven ageing nuclear reactors by 2025, addressing safety fears and regional tensions, with plans for gas plants and nuclear research.
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Reform UK's Anti-Renewables Pledge Could Spark Truss-Style Chaos, Warns Industry Lobbyist
RenewableUK warns Reform UK's plan to scrap clean energy subsidies could cause economic chaos, citing investor confidence and legal risks.
Soaring energy debts leave UK households bracing for another tough winter
UK energy debts hit record £4.4bn as price cap rises to £1,755, with charities warning of winter hardship and thousands of cold-related deaths.
Reeves Rejects Universal Energy Bailout, Targets Support
Chancellor Rachel Reeves rules out universal energy bill support, pledges targeted help for poorest households and reviews fuel duty.
BP Launches Cost Review Amid £1.77bn Quarterly Profits
BP launches cost review after reporting £1.77bn quarterly profits, beating forecasts, as it faces activist investor pressure and shifts focus back to fossil fuels.
EasyJet Warns of Summer Fare Hikes After £25m Fuel Hit
EasyJet warns of higher summer fares after £25m fuel cost rise due to Iran conflict, with first-half losses expected to widen.
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Hinkley Point C Costs Hit £26bn Amid Fresh Delays
Hinkley Point C nuclear plant delayed to June 2027, costs rise £3bn to £26bn, EDF says no impact on UK consumers.
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