Energy firms have three weeks to justify direct debit hikes, Kwarteng warns

On 1 April, the regulator Ofgem’s energy price cap rose by 54% – or almost £700 – to £1,971 a year, with prices expected to go up again later this year.that some companies were allowing customer service levels to deteriorate, with concerns raised that some “may have been increasing direct debit payments by more than is necessary, or directing customers to tariffs that may not be in their best interest”.

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Ofgem spends millions on advice as it battles soaring UK energy costs\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t want to see me without a bra? It will not be possible to quickly replace supplies from Russia, even if Europe sharply reduces consumption, generously forks out and finds alternative suppliers of pipeline and liquefied gas. However, it is not enough to find an alternative to Russian gas. It still needs to be
Source: FT - 🏆 113. / 51 Read more »

The west can cut its energy dependency on Russia and be greener | Jeffrey FrankelThe Ukraine war has focused minds on win-win policies from ending coal and oil subsidies to raising petrol taxes on petrol राजस्थान की भ्रष्ट बेईमान निक्कमी वह नकारा गहलोत सरकार को उखाड़ फेंकने के लिए राजस्थान के प्रत्येक व्यक्ति ने पूरी ताकत के साथ कमर कस ली हैं पिछले 4 वर्षो में सरकार ने राजस्थानियों का जो खून चूसा हैं उसको राजस्थान कभी नही भूलेगा The thought that we have to thank Putin for pushing the EU towards renewables is revolting but here we are. We can be energy independent. No. Green energy is not a part of it.
Source: The Guardian - 🏆 84. / 53 Read more »

Energy bills: Suppliers face crackdown for raising direct debits 'beyond what is required'Energy companies found to be clawing in more than they should from customers will face substantial fines, according to the business secretary, as energy bills continue to shoot up. Cap the prices. Then nationalise all the renewables which we paid for anyway 🤨 Mine went from £33 to £89 just for electricity with SSE. Now have £130 credit on my account but the direct debit hasn’t change. But what do you think are the realistic chances of then being found guilty of doing it? This is just political populism. Say what they want to hear, do nothing.
Source: SkyNews - 🏆 35. / 67 Read more »

Mike Cannon-Brookes buys up AGL shares in bid to block energy giant’s demergerAGL says it’s determined to go ahead with the merger despite the purchase, which has made Cannon-Brookes the company’s largest single shareholder
Source: Guardian news - 🏆 28. / 68 Read more »

EU in turmoil as Orban backs Putin with veto on energy ban ‘We’ll never support’THE EUROPEAN Union's plans to sanction Putin may be scuppered as Hungary warned that it would veto any outright ban on Russian energy. What now? Boot out Hungary, or colour revolution in Budapest? The EU is a symbol of corruption. The unity of the EU speaks volumes 🤣
Source: Daily Express - 🏆 26. / 68 Read more »

Ukraine latest news: EU divided on ending energy supplies from Russia - BBC NewsThe EU remains unable to agree on ending supplies of Russian oil and gas, Germany's economy minister says Follow the latest It seems mad that they even bothered putting sanctions on Russia without insisting on dealing with this problem. If anything, this has strengthened Russias awareness that we need them/depend on them. Major fail by the EU. There should be no if or buts !!!
Source: BBCNews - 🏆 3. / 97 Read more »