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But Bank of England’s Andrew Bailey says worker shortage could still pose major risks in cost of living crisisThe governor of the Bank of England has said there could be a “rapid” fall in inflation in Britain amid a drop in global energy prices over re…
Africa’s most industrialised economy being hit by daily power cuts as anger grows among opposition and publicCyril Ramaphosa has cancelled his trip to the World Economic Forum in Switzerland as South Africa grapples with an unprecedented energy crisis …
Exclusive: Hundreds of thousands of people are not covered by price cap and have faced huge rise in costsResidents of flats with communal heating systems could mount a legal claim against their network operators after experiencing rises of up to 700% i…
Equinor chief says bills won’t return to levels seen before Ukraine invasion given windfall taxes and move to greener energyBusiness live – latest news updatesThe boss of one of Europe’s biggest energy companies has warned that higher gas and electrici…
Investors paid almost £9bn in dividends and share buyback schemes over last five years, report has revealedNational Grid, which maintains the backbone of Britain’s electricity network, should be taken under government control to ensure the rapid transi…
Exclusive: calls for complete ban until end of March amid concern over forced installations by warrantLeading energy suppliers have stopped reclaiming debts from some prepayment meter customers amid calls for a industry moratorium on clawing back money…
Ed Miliband accuses government of ‘dereliction of duty’ and demands extra support for householdsLabour has called for an immediate halt to the “shameful” forced installation of prepay gas and electricity meters, with the shadow climate change secretary…
Blue-chip stock index ends week 1% off all-time best as markets across Europe rise amid falling energy pricesThe UK’s FTSE 100 share index approached a record high on Friday, as European markets were lifted by hopes that the inflation shock from energy…
Bank slashes 2023 European wholesale price by 30% as mild weather reduces demandHSBC has slashed its forecasts for future wholesale gas prices in response to mild weather in Europe – raising hopes of a sharp decline in household energy bills.The bankin…
Ukraine war’s effect on wholesale gas prices prompts third upgrade in a year from CentricaThe owner of British Gas, Centrica, expects a near eightfold increase in its earnings this year due to its balance sheet being boosted by soaring wholesale gas pr…