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No room for complacency despite falling gas prices

No room for complacency despite falling gas prices

An industry expert has warned against complacency following news that wholesale gas prices have fallen significantly in the last few weeks. Investec analyst Martin Young told Utility Week that despite costs coming down in the short term, forward prices remained elevated into next year and that consumers will be facing high bills without further intervention.

2 years ago

Charities’ concern as £25m in energy support yet to be redeemed

2 years ago

Weekend press round-up: Windfall tax on energy firms may hit 30% and run to 2028

In our latest review of sector coverage in the national media, the government is said to be mulling plans to extend the energy windfall tax and expand its scope to include low-carbon generators. A Whitehall source has also said electric vehicle owners could be hit with road tax bills in less than three years. Meanwhile, Elexon has significantly cut the size of the deposits it requires suppliers to offer for power plants when they order electricity in advance.

2 years ago

Octopus takes on Bulb’s 1.5m customers

2 years ago

Switching sees dip following summer uplift

2 years ago

Vince halts Ecotricity sale

2 years ago

The energy sector needs to recharge, reshape, and renew

2 years ago

December energy bill strike is ‘absolutely concrete’

2 years ago

New BEIS powers risk undermining Ofgem’s independence

2 years ago

Blackout warnings must be a wake-up call

National Grid’s creation of a demand flexibility service, as part of package of measures to secure supply this winter, may eventually be seen as a pivotal moment in the creation of a flexible energy system. Steve Cunningham, chief executive of Geo, argues that concern over blackouts could propel forward work on establishing easy and attractive ways for consumers to turn down their energy use.

2 years ago

So Energy looks to raise £50m to firm up finances

2 years ago

Energy crisis sees reversal of long-term decline in PPMs

2 years ago

National Grid begins recruiting for heat pump flexibility trial

2 years ago

Majority support for public ownership of utilities

2 years ago

Weekend press round-up: Ovo on watchlist for nationalisation

In our latest round-up of national media coverage Ovo Energy was considered by Ofgem to be at risk of failure earlier this summer, prompting the regulator to prepare for its potential nationalisation. Elsewhere, Energy UK has said the government's revenue cap on low carbon electricity generators will have “catastrophic consequences” for investment in green technologies.

2 years ago

Targeted support must go beyond current price guarantee

2 years ago

Businesses must shift from intent to action on diversity

2 years ago

Rising interest rates leave debt-laden utilities exposed

2 years ago

Industry CEOs: Energy Prices Bill puts investment in jeopardy

2 years ago

Ovo takeover of Bulb would be ‘brave move’

2 years ago

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