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The Latest Breaking News from Gas Prices

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Is net zero really to blame for soaring energy bills in Great Britain?

Despite frequent claims in rightwing media, green levies make up fraction of bills and renewables are reducing costs

The Guardian - UK

CF Industries to 'temporarily halt' ammonia production at Billingham plant due to gas prices

The fertiliser firm, which also provides a significant amount of the CO2 needed for the UK food and drink industry, said it did not anticipate an impact on jobs

Birmingham Post

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Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Europe's Natural-Gas Crunch Sparks Global Battle for Tankers

Europe's energy crisis has unleashed a global battle over natural-gas tankers, leading to a shortage of ships and further boosting the fuel's record prices.

Bangkok Post

‘No time to lose’ to help households and businesses through gas crisis, says CBI

One in three companies said green investments were at risk because of soaring gas prices.

The Independent UK

Energy bills could hit £6,500 from April as gas prices spike again

A spike in gas prices on Monday has added close to £500 to the forecasted energy price cap next year – heaping further woe on families who would already struggle to keep the heating on.

Evening Standard

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Energy bills set to surge past £6,500 in April in highest forecast yet

Ofgem’s cap could surpass £5,000 in January, Auxilione says after spike in gas prices

The Independent UK

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Cost of living - latest: Sunak warns ‘millions face destitution’ at Birmingham hustings

Ministers looking at plan for state-backed deficit fund to pay for energy bill price freeze

The Independent UK

Gloomy forecast sets energy bills at £6,500 from April as gas prices spike again

Prices soared on Monday after Russia announced it was shutting the Nord Stream 1 pipeline for three days of maintenance.

The Independent UK

Factory slump drags UK near stagnation; US private sector shrinks; eurozone ‘heads into recession’ – as it happened

UK private sector growth hits 18-month low, while the US, Germany and France all suffer falls in activity this month, adding to recession fears

The Guardian - UK

Epac to extend assistance schemes through year-end

The Energy Policy Administration Committee (Epac) has resolved to extend subsidy programmes to relieve the impact of high cooking gas prices and electricity bills on households until the end of this year.

Bangkok Post

John Fetterman Proposes Prosecuting Oil Executives for High Gas Prices

Ignoring the principles of supply and demand, Fetterman thinks high gas prices should be a matter for law enforcement.

Reason

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The Independent UK

UK inflation set to ‘enter the stratosphere’ and hit 18.6% by January as gas prices continue to surge

Dire new forecast says energy bills will reach £5,816 in April

The Guardian - UK

Collapse of supplier Bulb could add more than £150 to energy bills

Cost of bailing out UK company threatens to top £4bn by next spring because of soaring gas prices

Tribune News Service

White House is hopeful gas prices will keep falling

The White House is optimistic that gas prices will keep falling, a top administration official said Sunday.

Daily Mirror

Octopus Energy CEO warns worst rises yet to come as firm slashes bills in HALF for some

Greg Jackson warned of a "fossil fuel crisis" in an email to Octopus Energy customers, saying global gas prices are around eight times higher due to Vladimir Putin's invasion of Ukraine

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ABC News

Australia's energy crisis makes winners out of fossil fuel exporters and losers of everyone else, expert says

Record high energy prices are proving to be no picnic for the country's biggest power providers. So who is 'making out like a bandit'?

Wales Online

Russia-owned energy firm Gazprom to shut gas pipeline to Europe for three days

The firm said the closure of the pipeline was being carried out for "routine maintenance". It comes at a time when gas prices across Europe are surging.

Evening Standard

Gas prices near peak hit after invasion of Ukraine ahead of new cap

Higher bills loom in the cost-of-living crisis even before autumn and winter arrive

Daily Mirror

British Gas customer appalled as firm predicts he will use over £5,000 of energy

Gas prices spiked again on Monday and a leading consultancy has warned many could be looking at an annual energy bill of almost £5,500 from April in the grimmest warning of things to come yet

Evening Standard

Our politicians are ducking the hard truths of this energy crisis

Whatever you think of the various proposals to deal with the energy crisis, one fact stands out beyond all others. As a nation, we are worse off. Natural gas prices are eight times higher than they were at the beginning of 2021. Much of the increase occurred before Vladimir Putin…

Wales Online

Energy bills to hit £5,500 next April, new dire prediction made

Gas prices spiked again on Monday

The Conversation

Why are gas prices still high despite oil getting cheaper – and what will happen next? Energy expert Q&A

While thermometers have been well into the red across the northern hemisphere, people are panicking about the cost of energy bills once winter starts to bite. According to the latest forecasts in the UK, the minimum price cap for households’ electricity and heating costs is set to more than double…

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