All the updated news related to energy pricing

All the news related to energy pricing updated in real time

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Scotland

Scots urged to seek advice on bills as energy prices soar

Residents have been urged to seek advice on bills as millions across the country face a hike in the cost of energy prices. As of Friday, the energy price cap is set to increase by £693 after regulator Ofgem hiked the price cap on bills to £1,791, ...

01 Apr 2022 at 01:25

City

Sunak to announce support with energy price cap set to soar

Chancellor Rishi Sunak will announce support to ease the pressure on millions of households facing soaring energy bills. Ofgem is expected to announce on Thursday that the energy price cap is to rise by 50% because of soaring wholesale gas ...

03 Feb 2022 at 01:27

Scotland

Windfall tax on oil and gas profits could ease cost of living crisis – Labour

Train ticket price rises and increases to water charges should be shelved with more targeted support to ease the cost of living crisis paid for by a windfall tax on gas and oil firms’ profits, Scottish Labour has said. The party will lead ...

03 Feb 2022 at 01:26

Hydrogen blend could see energy bills surge 16%, report warns

Household energy bills could rise considerably if the Government and industry pushes ahead to replace some of the UK’s gas supply with hydrogen, a new report has claimed. The Government is considering plans that would blend 20% hydrogen ...

27 Jan 2022 at 00:25

City

Spike in energy prices expected as Ofgem brings forward price cap announcement

Energy regulator Ofgem will on Thursday reveal what is expected to be a crippling rise in energy bills for millions of households. The regulator said it is moving forward the announcement of the new cap on bills from next Monday. The ...

02 Feb 2022 at 11:26

City

Energy prices set to spike 50% research suggests as decision due Thursday

Ofgem is expected to let energy bills rise by a crippling 50% for millions of customers, according to the latest expert analysis. Ahead of the regulator’s crunch decision on Thursday, which will impact around 22 million households, ...

02 Feb 2022 at 16:38

Northern Ireland

Gas prices set to rise by 30% in coming weeks, Utility Regulator warns

Northern Ireland is set to face a further 30% rise in the price of gas, the Utility Regulator said. It comes after a number of gas price increases this year, most recently significant hikes at the start of July. Utility Regulator ...

17 Aug 2022 at 23:33

Bank orders lenders to set aside billions for rainy day fund

UK banks will need to set aside more cash to absorb shocks in the financial markets from next year, despite the Bank of England saying lenders are well placed to support households and businesses. Officials have ordered them to ...

05 Jul 2022 at 11:56

Johnson’s ‘zombie government’ urged to deliver emergency help with energy bills

Boris Johnson said periods of difficulty were “inevitable” as he faced accusations his “zombie government” was failing to address the crisis caused by soaring energy bills. Consumer champion Martin Lewis urged the Prime ...

28 Jul 2022 at 16:09

City

Shell posts record profits for second quarter running as energy prices stay high

Shell will return billions of dollars to its shareholders as it continues to profit from massive energy price hikes following the Russian invasion of Ukraine. The business said it would buy back six billion dollars (£4....

28 Jul 2022 at 16:11

Energy bills could hit £5,500 next April, latest dire prediction suggests

The price cap on energy bills might rise even more than previously thought, experts have said in the latest of a series of worsening warnings. Gas prices spiked again on Monday and unless they drop in the coming ...

16 Aug 2022 at 14:30

Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar

Nearly one in four adults plan never to turn their heating on this winter, polling suggests, as average bills are set to rocket while the temperature drops. This figure is even higher for parents with children ...

29 Aug 2022 at 01:01

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