Energy price cap will give 11 million households a fairer deal from 1 January,Price protection for 11 million customers on poor value default tariffs will come into force on 1 January 2019, Ofgem has confirmed today. Ofgem has set the final level of…
Electricity trading based on blockchain launches in German municipality,As part of the pebbles research project, Siemens, the regional utility Allgäuer Überlandwerk (AÜW) and their project partners are developing a local electricity market using blockchain technology. Today, the parties…
H2OPE Group announce their latest acquisition of Hydro Flo Environmental for ‘the next generation of industrial hydrogen solutions’,H2OPE Group announce their latest acquisition of Hydro Flo Environmental for ‘the next generation of industrial hydrogen solutions’ …
BP to cut thousands of jobs as cost saving drive,Learn about BP's cost-saving initiative and the significant job cuts it entails. Discover how this decision will affect the global energy industry.
UK’s largest gas storage site fired up to keep up with demand over the cold snap,The UK’s largest gas storage site has fired up on to the grid to keep up with demand as the temperatures drop. British Gas owner Centrica said that the Rough…
Uncertainty over demand and supply levels affects oil prices,Oil prices continued to see strong volatility with traders monitoring the developments on the demand and supply sides. The market has been rebounding to a certain extent during the last…
Liz Truss caps energy bills at £2,500 a year from October for two years saving households £1,000 each year,Liz Truss caps energy bills at £2,500 a year from October for two years saving households £1,000 each year …
British Gas owner to axe 5,000 jobs,Centrica who British Gas are to axe 5,000 jobs this year as the company are to strip out three layers of management to slimline the business…
Npower to cut around 900 jobs due to an ‘extremely tough’ market,The German owned energy giant, npower is looking to cut up to 900 jobs in a bid to cut their operating costs, as the UK retail energy market is “extremely…
Martin Lewis welcomes Ofgem’s call to ‘try to make the energy fixing market more transparent’,MoneySavingExpert.com (MSE) founder Martin Lewis wrote to Ofgem chief, Jonathan Brearly urging him to ensure that energy suppliers make the “fixing market more transparent.” Ofgem has told energy suppliers to…
