Category: Energy

September 14, 2023

Rising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has […]

August 18, 2023

Energy bills in the final three months of 2023 are projected to drop before increasing in 2024, according to research firm Cornwall Insight, as they expect strikes at Australian gas facilities will bring up gas prices. Higher gas prices means […]

June 29, 2023

The average household will be paying roughly £200 less from autumn than they are from next month, but still “well above” historical levels, energy research specialist Cornwall Insight said. Ahead of Ofgem’s new price cap coming into effect on Saturday […]

June 28, 2023

Jeremy Hunt brought in the regulators for the energy (Ofgem), water (Ofwat) and telecoms (Ofcom) sectors, along with the Competition and Markets Authority (CMA) and City watchdog the Financial Conduct Authority (FCA). The Treasury said the FCA would report by […]

May 31, 2023

The UK government has pledged to decarbonise the country’s electricity grid by 2035, a target it must hit in order to reach net zero by 2050. However, according to research by the House of Commons, the UK currently lags behind […]

May 19, 2023

Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the equivalent of £2,053 per year from July-September. That was down […]

April 17, 2023

A project to develop small nuclear power reactors in Poland is moving forward, with Polish energy company Orlen and two U.S. government financial institutions signing an agreement Monday. Poland is turning toward energy that is renewable or does not use […]

April 3, 2023

Major oil-producing countries led by Saudi Arabia said they’re cutting supplies of crude — again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed. Russia is joining in by extending […]

March 30, 2023

Oil prices rose more than 1% on Thursday, supported by lower U.S. crude stockpiles and a halt to exports from Iraq’s Kurdistan region, which offset pressure from a smaller-than-expected cut to Russian supplies. Brent crude futures rose 95 cents, or […]

March 10, 2023

Crude Oil faced renewed selling pressure this morning in what has been a difficult week for the commodity. This followed a positive start to the week as WTI by broke above the 100-day MA for the first time since November […]

March 7, 2023

Crude oil is looking for its 6th consecutive positive day this Tuesday which has gathered steam from positivity around the Chinese economy. Although China revised growth forecasts (GDP) higher to 5% after a roughly 3% last year, markets were expecting […]

March 3, 2023

Sky News understands the chancellor will cancel a reduction in support that would have seen typical annual bills rise from £2,500 to £3,000. In recent days, the government has asked energy suppliers to prepare for both scenarios, fuelling a widespread […]

February 28, 2023

The sharp rebound in natural gas in recent days is a sign that bears are getting exhausted. However, it may be premature to assume that the worst is over. Natural gas fell to a 2.5-year low last week before rebounding […]

February 27, 2023

Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis is reduced. The energy regulator today announced […]

February 24, 2023

Six months ago, Cornwall Insight, a consultancy that nobody had previously heard of, was forecasting that the energy price cap would reach £6,616 per year. Mainstream media accepted that without question. In fact, the price cap was set at £2,500 […]

February 20, 2023

Natural gas prices continued a broader losing streak since the summer of 2022 last week. Following a brief pause on the week of February 6th, the commodity fell 9.5% over the past 5 trading sessions. Prices also confirmed a breakout […]

February 14, 2023

The energy regulator, Ofgem, will announce its energy price cap for April to June later this month, 27 February. Although your household bills are currently determined by the government’s Energy Price Guarantee (EPG), Ofgem continues to set a quarterly price […]

February 14, 2023

Brent crude oil is bid this morning finding support from a weaker U.S. dollar which will likely be the main driver of market pricing today. From a crude oil perspective, OPEC is scheduled to release its monthly market report later […]

February 10, 2023

The move comes as an investigation revealed debt collectors working for British Gas forced their way into the homes of vulnerable customers. An undercover investigation by The Times claimed a company used by British Gas to pursue debts, Arvato Financial […]

February 8, 2023

Crude oil has held onto overnight gains with the WTI futures contract trading above 77 U.S. Dollars and the Brent contract is trading over 83.50 U.S. Dollars. Risk assets were generally buoyed going into the Asian session by the perception […]