A local councillor argues that UK local governments, like Kensington and Chelsea, are not doing enough to support residents with the cost of living, particularly regarding renewable energy and energy efficiency initiatives.
Kremlin spokesman Dmitry Peskov stated that Armenia's preferential gas price from Russia is linked to its membership in the Eurasian Economic Union (EAEU). He indicated that leaving the EAEU could lead to market-based pricing for Armenian gas imports.
British Gas will pay up to £112m in compensation and debt write-offs for forcibly installing prepayment meters in thousands of homes during the 2022 energy crisis, following an Ofgem investigation.
British Gas agrees to £20m redress fund and up to £112m in total compensation for forcibly fitting prepayment meters in vulnerable customers' homes without consent, following an Ofgem investigation.
All existing tariffs will be honoured in full under a planned deal that could create Britain's largest energy supplier.
Acquisition would result in combined company serving about 9.6 million customers if given regulatory approvalBusiness live – latest updatesThe German energy group E.ON has agreed to buy struggling UK rival Ovo in a deal that would create Britain’s biggest gas and electricity supplier.The combined company will serve about 9.6 million customers, overtaking the market leader, Octopus, which serves almost 8m households in the UK. Continue reading...
Octopus Energy CEO Greg Jackson has suggested some households would accept occasional electricity blackouts in exchange for 25% lower energy bills, sparking controversy on the anniversary of Europe's largest power outage in Spain and Portugal. The comments come as UK dual fuel bills are expected to rise to almost £2,000 from July, with grid upgrade costs climbing from £254 to £457 annually. Jackson, 54, clarified he was not advocating for blackouts but said Spanish consumers would accept occasional outages for cheaper electricity. At least six people died in last year's Iberian blackout, including two who died after being unable to run breathing equipment.
Octopus Energy CEO Greg Jackson has suggested some households might accept occasional electricity blackouts in exchange for significantly lower energy bills, citing Spain's 25% cheaper electricity as a model. Speaking at an industry conference on the anniversary of Europe's largest power outage that affected tens of millions in Spain and Portugal, Jackson clarified he is not advocating for blackouts but argued consumers would trade reliability for lower costs. The comments come as Octopus Energy campaigns against tens of billions of pounds in UK grid investment that it says drives up household bills.
Southeast Asian countries including Malaysia, Indonesia, Vietnam, the Philippines and Myanmar are increasingly seeking Russian oil, raising concerns about Moscow potentially converting a short-term emergency energy supplier role into longer-term regional influence. Analysts warn Russia could use its position as an energy lifeline to secure currency of influence in ASEAN, as the Strait of Hormuz closure continues to pressure a region dependent on Gulf imports for over half its oil and gas needs.
