Category : Search result: Energy Price Cap


Ovo Energy's Fall from Grace and Financial Struggle

Ovo Energy, once the UK's green energy disruptor, faces a battle for survival. We examine its financial woes, executive exodus, and the controversial millions paid to its founder's company.

Democrat wins Virginia seat on data centre platform

John McAuliff's victory in a traditionally Republican Virginia district, focusing on data centres' impact on energy bills, offers a blueprint for Democratic campaigns. Discover how local issues trumped national politics.

Gas price surge drives Australian inflation crisis

New inflation data reveals how Russia's Ukraine invasion triggered an energy price shock, delivering windfall gas profits while households face soaring electricity bills. Discover the full impact.

Croydon Council Tax Rise Capped at 5%

Croydon's Mayor commits to a maximum 5% council tax increase despite new government rules allowing higher rises for struggling councils. Get the latest on local finances.

UK Plan to Cut Nuclear Reactor Costs and Delays

A government taskforce proposes radical regulatory reforms to accelerate the UK's new nuclear reactor programme, aiming to lower costs and construction times while maintaining safety.

Giant Spinning Machine to Secure Australia's Energy Grid

Australia's largest synchronous condenser begins testing in Victoria, providing crucial grid stability and enabling more renewable energy integration. Discover how this technology supports the clean energy transition.

Ovo Energy Axes Hundreds of Jobs Amid Crisis

Struggling energy supplier Ovo prepares to cut several hundred jobs next week as part of urgent restructuring plan to convince regulators and secure £300m investment.

Energy price cap to rise in January 2026

Ofgem confirms a surprise 0.2% energy price cap increase from January 2026, pushing average bills to £1,758. Discover why costs are rising and how it affects you.

UK National Security First in China Relations

Science Secretary Liz Kendall emphasises national security is 'non-negotiable' amid new Chinese embassy reports. Plus, October borrowing hits £17.4bn and energy bills rise. Read the latest UK political developments.

Zelenskyy's peace plan & UK energy cap update

Ukraine's leader supports a US-Russia peace initiative. UK energy bills set to fall but remain 35% above pre-war levels. Plus, England's Ashes hopes and a warning on drugs funding Russia.

Energy price cap rises to £1,758 from January

Ofgem announces a surprise energy price cap increase for January, pushing bills to £1,758. Campaigners warn this offers 'no help to struggling families' amid a £4.4bn energy debt crisis.

No quick fix for high energy bills, minister says

Energy bills remain 35% above pre-war levels despite falling wholesale prices. Minister Michael Shanks insists there's 'no shortcut' to reducing costs as green transition continues. Read the latest.

No Shortcut to Lower Energy Bills, Minister Warns

Energy minister confirms significant bill reductions will take time as infrastructure costs rise. Discover why UK households face prolonged high costs despite falling wholesale prices.

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