Government would rather protect households than prop up struggling companies, says industry sourceThe majority of the UK’s small energy suppliers could be left to collapse this winter, the Guardian understands, as the government’s crisis talks focus on…
Business minister bids to calm crisis fears as UK gas prices soar
No cause for alarm now, says Kwasi Kwarteng as energy discussions are likened to early Covid crisis talksThe government was scrambling on Saturday night to reassure Britons that rising gas prices would not plunge the country into an energy crisis, as m…
Fire shuts one of UK’s most important power cables in midst of supply crunch
Coal plants being warmed up as market prices surge to £2,500 per MWh from a norm of £40A major fire has forced the shutdown of one of Britain’s most important power cables importing electricity from France as the UK faces a supply crunch and record hig…
Inflation set to surge this autumn as Brexit and Covid combine
Worker shortages and problems with global supply chains together create ‘perfect storm’, say business leadersConsumers have been warned of an autumn rise in living costs from sharp increases in household energy bills and food prices, as Covid and Brexi…
The Guardian view on energy bills: a price hike that threatens millions | Editorial
Raising the cap on gas and electricity charges will have a societal impact across Britain – and a political one tooThe energy regulator Ofgem sounded apologetic as it announced another big rise in the industry’s price cap on Friday. It was right to do …
‘My heart sank’: how lifting energy price cap will hit the most vulnerable
Millions of homes face some of the highest energy bills for the past decadeEnergy firms join charity push for social tariff to offset fuel povertyAnthony Lyman, from Northampton, said his heart sank when he learned that his annual energy bill would cli…
To the family choosing whether to heat or eat, the energy cap isn’t ‘fair’ at all
The Ofgem price cap is set to rise to unaffordable levels for households let down by this government’s energy failuresWhen the nights begin to draw in this winter, millions of homes across the country will find themselves left out in the cold thanks to…
Calls for social tariff on UK energy bills as rises push extra half million homes into fuel poverty
With global gas prices at 16-year high, cash-strapped consumers are braced for soaring costs this winterThe government faces calls to bring in a social tariff to help struggling households pay their energy bills as soaring prices threaten to drive an e…