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The Latest Breaking News on Energy

Edinburgh locals feel 'anxious' as the energy price cap pushes bills to £3549

Edinburgh Live spoke to locals about how they feel after Ofgem announced the price cap will be jumping up a staggering 80 per cent. This comes as inflation hit 10.1 per cent in July.

Edinburgh Live

Who owns the major energy and water suppliers, and how much profit do they make?

Shell recently met its expectations despite profit slumping by a third

Evening Standard

Bad, Better, Best: How Should You Play These Oil & Gas Stocks?

Oil prices remain elevated on robust U.S. fuel consumption and tight supply outlook. On the other hand, U.S. natural gas prices skyrocketed to a 14-year high earlier this month on high summer demand. However, not all oil and gas stocks are expected to benefit from the high prices. While we…

StockNews.com

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Huge 300ft turbine that crashed to the ground had spun too fast, investigation concludes

The huge turbine in south Wales sounded 'like thunder' as it crashed to the ground in February

Wales Online

Energy bills soar to £3,549 – and it’s not all Russia’s fault

Today, energy regulator Ofgem announced that the price cap would rise on 1 October from £1,971 to £3,549. It gets worse. Cornwall Insight, the consultancy that previously predicted today’s rise to the virtual penny, warns it’ll climb to nearly £7,000 a year by next April.

Evening Standard

Will the UK experience blackouts? Three scenarios for this coming winter

The UK could experience its first large-scale blackout in decades this winter if gas shortages combine with particularly cold weather. That’s according to the government’s “reasonable worst case scenario”, a warning which was dismissed by a No 10 spokesperson.

The Conversation

Former Nigerian militants get contracts to combat oil theft

(Corrects spelling of spokesman Paul Bebenimibo in paragraphs 5, 6 and 8)

Reuters

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Germany rethinks gas surcharge after backlash over profits

Germany is considering backtracking on plans for consumers to pay a surcharge on natural gas amid mounting criticism that the money could flow to highly profitable energy companies

The Independent UK

SSE Airtricity bills set for huge increase in October

The increase is one of the most expensive recently witnessed in the energy sector

Dublin Live

Northern Ireland energy bills soar, but still £1,000-a-year less than GB

Combined gas and electricity bills in the province will be £2,393 from October, versus £3,549 in GB

Birmingham Post

Are bank holidays good for the planet? We ask an expert

Dénes Csala’s 2019 research found that each bank holiday saves 100,000 tonnes of carbon

The Guardian - UK

Kremlin 'playing Russian roulette' by threatening Chernobyl-type disaster at power plant

Security experts fear the Kremlin could create a Chernobyl-type disaster as the Zaporozhzhia facility is on the brink of catastrophe, putting thousands of lives at risk

Daily Mirror

Zelenskyy reinforces nuclear warning after disruption

Ukrainian President Volodymyr Zelenskyy reinforced his call for occupying Russian troops to withdraw from Europe’s biggest nuclear power plant after damage to transmission lines in the occupied territory disrupted power supply.

Tribune News Service

British Gas to launch customer support fund as energy price cap jumps by 80 per cent

The energy price cap will be rising by 80 per cent on October 1 and British Gas have announced a support package for customers who need it most as millions face fuel poverty.

Glasgow Live

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Liverpool Echo

British Gas to knock up to £1,500 off energy bills

The average household's yearly bill will rise from £1,971 to £3,549

Glasgow Live

Nicola Sturgeon calls for energy price cap rise to be 'cancelled' as bills to hit £3549

First Minister Nicola Sturgeon has spoken out against the rising price cap which Ofgem announced this morning would rise by 80 per cent - leading to the average yearly bill to hit £3549 and around £295.75 per month.

Birmingham Post

SSE announces massive price hikes in Northern Ireland gas and electricity

Firm blames war in Ukraine and ‘heightened geopolitical tensions’ which have ‘resulted in sustained and unprecedented increases in wholesale energy costs’

Irish Mirror

SSE Airtricity confirm gas and electric price rises for Ireland in latest cost of living blow

SSE last increased its prices in May when it hiked the unit price of its gas by 39% and its electricity by over 30%.

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The Conversation

Imperiled Ukrainian nuclear power plant has the world on edge – a safety expert explains what could go wrong

Russian forces occupy Europe’s largest nuclear power plant, the Zaporizhzhia Nuclear Power Station in the Ukrainian city of Enerhodar. Russian and Ukrainian forces are fighting nearby, and shelling has damaged power and communication lines to the plant, prompting fears for the plant’s safety and evoking painful memories in a country…

Liverpool Echo

Government U-turn over energy use as price cap soars

Earlier this week, Chancellor Nadhim Zahawi said people should continue using as much gas and electricity as they want

Wales Online

Energy price cap could top £7,000 next year, experts warn

The price cap for the average household is already increasing by 80% to £3,549 for the three months starting in October

Bangkok Post

Indonesia considers hiking fuel prices up to 40%

JAKARTA: Indonesia may raise heavily subsidised fuel prices by 30% to 40% to manage fiscal pressure from a ballooning subsidy budget, lawmakers from President Joko Widodo’s ruling coalition government told Reuters on Friday.

The Independent UK

Russia burns off ‘$10m of gas a day meant for Europe’ after huge flame seen near Nord Stream pipeline

Blaze at Portovaya plant visible from neighbouring Finland amid fears for climate impact

Reuters

Russian-held nuclear plant resumes power supply to Ukraine, two reactors connected

The Russian-occupied Zaporizhzhia nuclear power plant resumed electricity supplies to Ukraine on Friday after two of its six reactors were reconnected to the Ukrainian grid, state nuclear company Energoatom said.

Daily Record

Scots told to cut back on their energy use as government performs U-turn

Chancellor Nadhim Zahawi said earlier this week that people should continue using as much gas and electricity as they want, however he has now performed a u-turn.

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