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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…
Ratcliffe-on-Soar to be kept viable until late 2024 after ministers make request prompted by energy crisisA Nottinghamshire coal-burning power plant will stay open for two years beyond its planned closure date after a call from ministers prompted by th…
Report shows 3.2m people disconnected last year as they ran out of credit‘I’m already sitting in the dark most of the time’: disabled yet pursued over gas billMinisters are being urged to stop the forced installation of prepayment meters after revelati…
Cornwall Insight warns reduction in support could curb businesses’ ability to invest in reducing fossil fuel emissionsThe reduction in government support for companies’ energy bills could threaten their efforts to reduce fossil fuel emissions, a leadi…
New scheme promises £5.5bn of ‘transitional’ help for businesses over 12 months from 1 April 2023Businesses will receive reduced support for their energy bills from the end of March as the Treasury attempts to cut the cost of compensating for soaring g…
Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recessionThe Bank of England’s chief economist has warned high rates of UK inflation could persist for longer than expected, despite a fall in wholesale energy…
New scheme for companies, charities and public sector organisations to offer discount on wholesale pricesThe chancellor, Jeremy Hunt, is poised to announce a cut to the financial support offered to businesses to help with their energy bills.A new schem…
Impact of reduced state support with company power bills could prompt job cuts, warns industry bodyAlmost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as con…