Energy Price Cap Rise Lower Than Feared Amid Iran Conflict
Household energy bills are expected to increase by £196 less than initially forecast, with the price cap set at £1,837 despite ongoing market volatility from Middle Eastern tensions.
Category : Energy Utilities
Coutinho: Reeves' Energy Subsidies Inadequate Without Tax Cuts
Claire Coutinho argues that Rachel Reeves' energy subsidy scheme fails to address systemic costs driving up business bills, advocating for Conservative tax cuts instead.
Gas Price Hike Upends Lives in US as Iran War Toll Mounts
Guardian readers reveal how soaring fuel costs, linked to Trump's Iran war, force painful trade-offs on medicine, groceries, and jobs, pushing some to homelessness.
Geelong Refinery Fire Out, Fuel Production Maintained
A major fire at Viva Energy's Geelong refinery burned for 13 hours before being extinguished. While investigations continue, the company reports fuel production continues at decent rates despite the blaze.
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73-Meter Turbine Blade Shuts Down Town with Smallest Street
A colossal 73-meter wind turbine blade, taller than the Leaning Tower of Pisa, halted traffic in Wick, Scotland, as it was transported upright through narrow streets to a wind farm, passing the world's shortest street.
Big Oil Profits from Iran War as Energy Markets Shift
Major oil companies are capitalizing on the Iran conflict, leveraging market volatility to boost profits while geopolitical tensions reshape global energy dynamics.
Oil Firms Make $30M Hourly from Iran War, Analysis Shows
Exclusive Guardian analysis reveals the world's top 100 oil and gas companies earned over $30 million per hour in unearned profits during the first month of the US-Israeli war in Iran, totaling $23 billion in March.
Reeves Expands Energy Bill Support for UK Manufacturers
Chancellor Rachel Reeves announces expansion of British Industrial Competitiveness Scheme to cover 10,000 manufacturers, cutting bills by up to 25% but delaying payments until next year.
Drax Claims Record £999m Biomass Subsidies Amid Concerns
The Drax power station in North Yorkshire received nearly £1bn in renewable energy subsidies in 2025 for burning biomass wood pellets, generating 4.5% of Great Britain's electricity. Climate thinktank Ember reveals the company has claimed £8.7bn since 201
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Australia's Fuel Supply Crisis: Petrol and Diesel Prices Soar
Australia faces a severe fuel shortage, causing petrol and diesel prices to skyrocket. Experts warn of dwindling reserves and economic impacts as the crisis deepens.
Geelong Oil Refinery Fire Raises Fuel Supply Fears
A massive fire erupted at Viva Energy's Corio refinery in Geelong, threatening Victoria's fuel supply and causing nationwide alarm over potential petrol price hikes.
Viva Energy Refinery Fire in Geelong Sparks Fuel Price Fears
A major fire at the Viva Energy oil refinery in Corio, Geelong, has raised fears of fuel price increases and supply disruptions across Victoria and beyond.
Geelong Refinery Fire May Spike Victoria Fuel Prices
A major fire at Viva Energy's Geelong oil refinery burned for 13 hours, potentially causing short-term fuel price increases and supply disruptions in Victoria while national supplies remain stable.
UK Energy Bills High Despite Gas Transition, Experts Say
Britain's shift from natural gas to renewables won't quickly lower energy bills due to grid upgrade costs and global pricing, amid economic pressures from conflicts and climate goals.
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Australian Oil Refinery Fire in Geelong Under Investigation
A significant fire erupted at an oil refinery in Geelong, Australia, causing extensive damage and prompting a large-scale emergency response. Authorities are investigating the cause.
US Gas Prices Surge Past $4 Per Gallon Amid Iran Conflict
The average gas price in the United States has exceeded $4 per gallon due to the US-Israel war on Iran, impacting daily life and travel plans for many Americans.
Khanna Bill Seeks to Ban US Gasoline Exports During Price Spikes
California Congressman Ro Khanna introduces legislation to halt US gasoline exports when prices exceed $3.12 per gallon, aiming to lower costs for American consumers amid Iran war-driven price increases.
UK Calls for More Renewable Energy Use in Homes and Businesses
Great Britain plans to incentivize households and businesses to shift energy-intensive tasks to periods of abundant renewable energy, aiming to reduce grid overload and cut costs.
South East Water CEO Gives Up Bonus Over Water Outages
David Hinton, CEO of South East Water, will not accept his bonus this year following 'unacceptable outages' that left thousands without water in Kent and Sussex, as MPs criticize the company's performance.
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NSW Earthquake Evacuates 150 Gold Miners to Refuge Chambers
A 4.5 magnitude earthquake struck near Orange in central west NSW, forcing over 150 gold miners to evacuate to underground refuge chambers. The quake rattled windows and wine glasses across the region.
Oil Giants Gain $30M Hourly in War Profits, Analysis Shows
Exclusive analysis reveals top oil companies earned over $30 million per hour in unearned profits during the first month of the US-Israeli war in Iran, with windfalls projected to reach $234 billion by 2026.
Britain's Energy Future: Bright Prospects Meet Challenges
While new nuclear plants and offshore wind farms promise energy independence by 2040, current high electricity prices threaten industrial decline. Energy Secretary Ed Miliband faces calls to balance net zero ambitions with immediate economic needs.
CBI Chief Calls for Approval of Jackdaw and Rosebank Oil Fields
CBI director general Rain Newton-Smith urges Energy Secretary Ed Miliband to approve the Jackdaw and Rosebank oil fields and reform the windfall tax to boost UK energy investment and jobs.
Martin Lewis: Act Now on Energy Deals Before Price Cap Rises
Money Saving Expert Martin Lewis warns energy price stability may unravel soon, urging households to lock in fixed rates before forecasted 14% July price cap increase.
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Trump Calls for UK North Sea Oil Drilling, Mocks Renewable Energy
Donald Trump pressures the UK to exploit North Sea oil fields, claiming Aberdeen should boom, while the UK government defends its renewable energy strategy amid global price spikes.
UK Households Urged to Use More Power as Renewables Soar
Energy suppliers will encourage consumers to use electricity during surplus wind and solar periods to help balance the grid and lower energy bills this summer.
UK Risks Over-Reliance on US LNG as North Sea Gas Dwindles
Analysis reveals the UK could become dependent on US liquefied natural gas imports by 2035, raising concerns about energy security and higher emissions compared to domestic North Sea production.
Helium Crisis: Critical Gas for AI Faces Shortage
Helium, essential for MRI machines, particle accelerators, and AI technology, is facing a severe global shortage. Experts warn of impacts across healthcare, research, and the AI boom.
British Gas Bills Mystery Address, Threatens Debt Collectors
A Northampton resident received a £571 bill from British Gas for a flat they never owned or lived in, facing debt collector threats due to lack of tenancy proof.
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BP Expects 'Exceptional' Trading Profits Amid Iran War
BP anticipates exceptional earnings from oil trading due to market volatility from the Iran war, with Citi analysts upgrading profit forecasts by 20% to $2.6bn.
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