Vladimir Putin has threatened to cut off gas supplies to western Europe on Friday unless buyers “open rouble accounts in Russian banks” as he scrambles to prop up his country’s collapsing economy. The Russian leader vowed to suspend gas flowing into the likes of France and Germany if they refuse to comply with a decree intended to bolster…
In a particularly cruel twist of fate, 2021 was not just the year gas prices rocketed but also the one where the wind didn’t blow. As breezes dropped to their slowest speeds in 60 years, Britain was forced to fire up “dirty” coal power stations and fresh questions were asked about inherently less reliable renewable…
Three quarters of households are set to see their energy bills rocket by hundreds of pounds in April when the Government price cap is increased, new figures reveal. Ofcom, the energy regulator, said 22 million households are now on standard variable tariffs, which are limited in price by the cap. That is an increase of…
