Labour urges Boris Johnson to tackle rising gas bills. Ed Miliband warns surging cost of gas was ‘deeply concerning’ for consumers and businesses. The Labour has demanded that British Prime Minister Boris Johnson act urgently. dramatic peak in household energy prices in the coming months. Ed Miliband, secretary of the shadow company, said the rise in gas costs was “very worrying” for consumers and businesses.
FT 3rd Sept 2021 read more »
Record high gas prices risk triggering a resurgence of dirty coal, oil and diesel power plants around the world as manufacturers and suppliers race to slash their costs, experts have warned. The price of natural gas is soaring owing to a supply crunch after fields were shut down for maintenance, key sites went offline during the Covid crisis and producers slashed investment. Analysts fear it will reverse a global shift to gas that is aimed at cutting carbon emissions. Many countries have been shutting coal and oil-fired power stations in favour of less polluting gas-fired equivalents, but high prices risk damaging that trend as dirtier fuels become cheaper by comparison.
Telegraph 3rd Sept 2021 read more »
Households are being sold fixed-price gas and electricity contracts that are hundreds of pounds a year more expensive than the government’s default price cap amid fears the cost of energy will continue to rise. Scottish Power and Shell Energy, two big energy suppliers, are both marketing tariffs that encourage customers to voluntarily lock in their energy prices at more than £1,530 a year for a typical household for at least the next year. By comparison, customers on default variable tariffs, which are covered by the price cap that is updated twice a year and have typically been the most expensive option, will have their bills rise to £1,277 a year for a typical household from October, from £1,138 at present.
Times 4th Sept 2021 read more »