Economy

New measures to help vulnerable households deal with the energy crisis

New measures to help vulnerable households deal with the energy crisis

The energy crisis in the UK is showing no signs of stopping. As experts say that the energy price cap will rise again in October, many worry about not being able to afford paying for their energy supply.   Fuel poverty, a condition where a household cannot afford to heat their home, is becoming a growing …

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Will A Push For Nuclear Increase Energy Bills?

Will A Push For Nuclear Increase Energy Bills?

The current government efforts to build new nuclear power plants across the UK could potentially add to energy costs for consumers, according to ministers. A new reactor could likely add at most a few pounds a year to typical household energy bills during the early stages of construction. However, it is claimed that households will …

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Uncertainty over Windfall Tax for Oil and Gas Companies

Uncertainty over Windfall Tax for Oil and Gas Companies

On Tuesday, Conservative MPs will be told to vote against a windfall tax on oil and gas companies, according to the Business Secretary, who also criticized the Treasury’s plan.  The windfall tax, according to Kwasi Kwarteng, is a “bad idea” that would undermine the government’s efforts to generate more employment by discouraging investment from such …

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Warm Home Discount Expanded to Help Struggling Scots

Warm Home Discount Expanded to Help Struggling Scots

The Warm Home Discount scheme is potentially being expanded to help an approximate 280,000 households across Scotland with their energy bills. A consultation was launched this week on the proposed expansion of the scheme to cover an additional 50,000 Scottish homes per year.  On Monday the 9th of May the government began the consultation on …

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Scots Set to Battle Fuel Poverty

Scots Set to Battle Fuel Poverty

Scottish households that earn around the average income are likely facing fuel poverty this Winter according to Scottish Power Chief Executive Keith Anderson…   This comes as another blow to families already finding the increasing cost of living and energy crisis difficult to deal with.  Scottish Households left Vulnerable  The Scottish Power Chief Executive, Keith …

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Government Donates more Generators to Ukraine

Government Donates more Generators to Ukraine

The Government has announced the donation of 287 more mobile generators to Ukraine.   The new generators, which can power around 8,000 extra houses, will be deployed in bigger structures such as hospitals and shelters in Eastern Ukraine.   This follows an earlier supply of 569 generators from five UK businesses, all of which delivered transportable units …

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The energy price cap might rise by another £900

The energy price cap might rise by another £900

In recent months, the energy price cap in the UK rose by 54%, taking the average household energy bill to £1,971 a year. Keith Anderson, the chief executive of ScottishPower, warns that there could be another increase, as high as additional £900 this winter. If that happened, this amount would increase to £2,900.   In a …

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UK energy customers get ‘buy now pay later’ loans to deal with high energy prices

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The UK has been dealing with the energy crisis for a few months now and it does not seem that the situation will improve anytime soon. On the contrary, energy prices keep going up, making energy customers pay more for their energy supply.   The government introduced certain aid programmes to help people cover the rising …

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Are Nuclear Reactors the answer to Slashing Energy Bills?

Are Nuclear Reactors the answer to Slashing Energy Bills?

Prime Minister Boris Johnson was on the campaign trail in Hartlepool yesterday, demonstrating how the town’s nuclear power station might be upgraded with new technology to reduce energy bills.  He sparked conversation when he reiterated the government’s objective of building one new nuclear power station every year.  The plant in Hartlepool he visited, which began …

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