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. The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:28:40 PM
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Latest Finance News related to Gas Prices

Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
. The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports. ...
SSE warns of 'consequences' of price cap image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:17:10 AM
....8 million customers. With gas prices unchanged, the result was that a typical dual-fuel household would see its annual bill rise by 6. ...
EDF raises electricity prices for second time this year image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:24:45 AM
....Energy firm EDF is raising the price of electricity for the second time this year for customers on standard tariffs. From 21 June, EDF customers will see electricity prices increase by 9% and gas prices go up by 5. ...
Five-minute guide to 'National Price Hike Day' image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
....Co-op Energy’s 5 per cent uplift will make its customers £58 worse off. SSE is holding its gas prices, but its 2. ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
....The committee said British households’ energy costs are not high compared to the rest of Europe. Residential electricity prices are below average, and gas prices the third lowest among 15 EU countries. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
....It means households don't need to try specially hard to reduce energy usage - it just happens when they replace their old freezer. The report says bills are about £115 lower in real terms since the Climate Change Act in 2008, having risen around £370 from 2004 to 2008 as international gas prices rose. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... However, green energy payments only accounted for 10% of the rise in bills between 2003 and 2016. Most of the increase was due to rising wholesale electricity and gas prices. ...
Martin Lewis: ALL Big 6 standard energy bills are RIP OFF after SSE hike image
Source : Daily Express [Read Article] Monday 13th of March 2017 09:16:00 AM
....9 per cent. Even though gas prices are to be held, overall bills will jump by an average 6. ...
E.ON price rise branded 'monstrous' as users face £97 a year extra image
Source : Guardian [Read Article] Tuesday 7th of March 2017 03:32:17 PM
....ON’s standard electricity prices go up by 13. 8% on average, and standard gas prices rise by 3. ...
E.On to raise gas and electricity prices in April image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:24:37 AM
....Electricity prices will rise by an average of 13. 8%, and gas prices by 3. ...
High energy bills here to stay but jobs heading overseas, industry group warns image
. The “staggering” increase in energy costs faced by households and businesses will continue thanks to rising gas prices, putting jobs in jeopardy, according to the Australian Industry Group. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
....60 for 117,000 of its 900,000 customers from 1 April. Wholesale electricity and gas prices were up 42% year on year, it said, while the cost of renewable subsidies was up 25%. ...
The truth about falling gas prices image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
....In December one of the “big six” energy firms, EDF, had some good news for consumers. In a press release it said it would be “cutting gas prices again ahead of the coldest winter months, and will hold back electricity price rises until March”. ...
Government intervention has led to higher energy bills, claims Lords report image
....”. However, as the report acknowledges, most of the price increases came from higher gas prices, not the 10% added by renewable energy subsidies. ...
British Gas worst-value tariffs are not 'evil empire', boss says image
Source : Guardian [Read Article] Thursday 23rd of February 2017 01:28:27 PM
....”. On Thursday, Co-operative Energy announced its second price rise this winter, with electricity and gas prices to increase 5% from April for nearly 100,000 customers on its standard tariff. ...
Gas and electricity prices may have to rise further, warns industry body image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:11:24 PM
....“It is plain that we have seen increases in wholesale prices over the last 12 months or so, and we can see going out into the future there are continuing pressures there,” said Lawrence Slade. He said month-ahead wholesale gas prices for March were 100% higher than last year, and electricity was up 69%. ...
Two-car families pay £40 extra per month as fuel prices soar, says AA image
Source : Guardian [Read Article] Friday 17th of February 2017 12:01:17 AM
....4% between December and January. Higher oil costs can also push up household energy bills as wholesale gas prices tend to track the price of crude. ...
Blackouts? What blackouts? How National Grid keeps the lights on image
Source : Guardian [Read Article] Monday 6th of February 2017 01:12:31 PM
....“It’s huge, a tripling in the capability in the network’s capacity [from 10 years ago], and that’s because of the enormous amount of wind in Scotland,” says Burt. The other big swing last year was away from coal, as three major power stations closed in the face of lower gas prices and a carbon tax. ...
Big six energy suppliers warned not to raise prices any time soon image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:08:21 PM
....EDF Energy announced a price rise in December, which will raise customers’ electricity prices by 8. 4% and lower gas prices by 5. ...
Freeze your gas bill before cold sets in by switching energy providers image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
....” . Although it has cut its gas prices, EDF will charge customers 8. ...
Energy bill SHOCK: EDF to HIKE electricity prices by 8.2 per cent image
Source : Daily Express [Read Article] Friday 16th of December 2016 04:40:00 PM
....The French-owned provider said it will freeze variable electricity prices before costs rise in March. Variable gas prices are to cut by 5. ...
EDF to hike electricity prices 8.4% with other providers expected to follow suit image
....4% from March, with other “big six” energy providers expected to match the increases. The French-owned energy giant, which in September signed an £18bn deal to build the controversial Hinkley Point nuclear plant, said it would cut gas prices by 5. ...
EDF to cut gas bills but raise electricity prices image
Source : BBC [Read Article] Friday 16th of December 2016 10:34:35 AM
. EDF Energy plans to cut gas prices from January but will increase the cost of electricity in March. ...
How to snap up the hottest energy deals this winter image
Source : Daily Express [Read Article] Wednesday 7th of December 2016 12:01:00 AM
. UK wholesale gas prices rose 16 per cent in October while electricity prices rose 19 per cent, the fastest monthly leap for years. ...
ENERGY SUPPLIER WARNING: Fears dozens of firms could go BUST amid perfect winter storm  image
.... Many small firms sought to gain market share by promising customers cheap fixed-rate tariffs when energy prices were low. But this year, wholesale electricity and gas prices have surged by around 50 per cent and 40 per cent respectively. ...
UK petrol prices set to rise after Opec deal image
Source : Guardian [Read Article] Thursday 1st of December 2016 08:35:42 AM
....This could push up petrol prices by as much as 9p a litre, adding almost £5 to the cost of filling up an average family car, according to motoring organisations. Higher oil prices could also push up household energy bills as wholesale gas prices tend to track the price of crude. ...
GB Energy's collapse to hit 160,000 households with higher bills image
Source : Guardian [Read Article] Sunday 27th of November 2016 06:35:39 PM
....ON, Npower, EDF, Scottish Power and SSE . There are now 41 companies competing for British households, but the business models of the smaller entrants are now being tested as electricity and gas prices start to rise – partly because of the devaluation of sterling since the Brexit vote. ...
Co-operative Energy leads list of energy suppliers increasing prices image
Source : Guardian [Read Article] Saturday 10th of September 2016 05:59:23 AM
.... And from 1 October customers on the Co-op’s standard variable dual-fuel tariff – which customers are placed on at the end of a fixed-term contract and which is already one of the most expensive on the market – will see their annual bills rise 3%, which on average means an increase from £1,152 to £1,184. Joe Malinowski from energy price comparison website TheEnergyShop, says he is bemused as to why a firm that championed its role as one of the challenger suppliers has upped its prices in this way at a time, he says, when wholesale gas prices fell by 8% in August – the first fall in five months. ...
Hinkley Point image
Source : BBC [Read Article] Friday 29th of July 2016 04:35:40 PM
....50 per megawatt hour. Oil and gas prices have fallen sharply since 2014 and the government has cut its wholesale price estimates as a result. ...
Hinkley Point nuclear plant delay 'bonkers' says union image
Source : BBC [Read Article] Friday 29th of July 2016 08:27:43 AM
....But Malcolm Grimston, a senior research fellow at Imperial College London, said the case for Hinkley Point C had not changed and the arguments for it remained strong. "My own view is gas prices cannot stay at artificially low levels forever on the back of the oil price collapse, as it is at the moment. ...
British Gas profits fall as it loses 400,000 customers image
Source : BBC [Read Article] Thursday 28th of July 2016 07:34:05 AM
....The company said that while residential customer numbers fell in the first half as a whole, they returned to growth in June after it introduced a 5% cut to domestic gas bills in March. British Gas was one of the last of Britain's "big six" energy suppliers to announce cut prices this year amid low wholesale gas prices. ...
BP profits hit by lower oil price image
Source : BBC [Read Article] Tuesday 26th of July 2016 07:24:34 AM
....The company also announced another cut to its planned investment budget for 2016 to "below $17bn". BP chief executive Bob Dudley said: "Compared with a year earlier, the underlying second-quarter result was impacted by lower oil and gas prices and significantly lower refining margins, but this was partly offset by the benefit of lower cash costs throughout the group as well as lower exploration write-offs. ...
Major gas store shutdown prolonged image
Source : BBC [Read Article] Friday 15th of July 2016 09:49:09 PM
. Wholesale gas prices have jumped after British Gas owner Centrica said it had been forced to shut a major storage facility for the winter. ...
Household energy costs rise again post-Brexit image
Source : Daily Express [Read Article] Wednesday 13th of July 2016 10:58:00 AM
.... . The big energy suppliers generated plenty of anger by passing on only small price cuts when wholesale oil and gas prices crashed back in 2014 and 2015. ...
Bakersfield blues image
Source : BBC [Read Article] Sunday 10th of July 2016 11:10:29 PM
...." . As other Americans embrace lower oil and gas prices with road trips, in Kern County every sector of the economy is suffering the effects of low oil prices and mass lay-offs in the industry. ...
City news: Marston's, SABMiller, SSE and Arm Holdings image
Source : Daily Express [Read Article] Thursday 19th of May 2016 08:07:00 AM
SSE profits reignite row over energy prices image
Source : Guardian [Read Article] Wednesday 18th of May 2016 07:15:52 AM
....3% to £1. 5m due to lower gas prices, mild weather and price controls in the distribution side of the business. ...
Centrica upsets investors with £700m sale of new shares image
Source : Guardian [Read Article] Thursday 5th of May 2016 03:07:07 PM
....”. Despite cutting its standard gas prices more than any other large supplier, British Gas lost 224,000 customers in the first three months of this year alone, meaning it has seen a near 900,000 loss in 12 months. ...
Time to turn up the heat on energy companies and seek your refund image
Source : Daily Express [Read Article] Wednesday 20th of April 2016 02:45:00 PM
....Disgruntled customers continue to ditch big energy suppliers with results from British Gas, owned by Centrica, showing the energy giant is shedding customers at the rate of 900,000 a year. This is despite cutting its standard gas prices more than its “big six” rivals EDF Energy, E. ...
British Gas loses 224,000 customers in three months amid anger over boss' £3.7m salary image
....1 per cent decrease from March 16. But critics argue that gas prices in wholesale markets have fallen by some 40 per cent since 2014, while electricity prices have dropped by around 30 per cent. ...
Wholesale energy costs at ten-year low image
Source : BBC [Read Article] Wednesday 13th of April 2016 08:45:22 AM
....3p a therm, according to the ICIS index, while electricity costs averaged £35 per megawatt-hour. Oil prices - which have an influence on gas prices - hit a low of around $28 a barrel in January this year. ...
Cost of stopping new coal and gas projects in freefall, costings reveal image
....The Greens asked for the same advice again this year and that figure dropped dramatically to just $290m over the forward estimates – the four years to July 2019. With coal and gas prices dropping around the world, the number of new fossil fuel projects expected to be developed is now fewer than it was in 2013. ...
Bank of England must burst the buy-to-let bubble now image
Source : Guardian [Read Article] Sunday 27th of March 2016 08:00:11 AM
....Similarly there was little euphoria about the huge, and hugely expensive, Gorgon gas project in Australia coming on stream last week. That $54bn scheme was meant to work wonders for Chevron and its partner Shell, but the liquefied natural gas (LNG) shipments are sailing into choppy waters: Asian gas prices are two-thirds below 2014 levels and expected to fall further. ...
Independent Scotland would be facing £10bn black hole, says IFS image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 06:00:18 PM
....”. The IFS said declines in oil and gas prices, profits and investment meant Scotland’s economy had grown less quickly than previously projected. ...
Gas prices are down but that isn't fuelling Americans' optimism image
Source : Guardian [Read Article] Thursday 17th of March 2016 11:00:09 AM
....The latest season of House of Cards got a lot of things right except (small spoiler alert) the price of gas. Francis Underwood, our sociopathic slimeball in chief, is facing an economic crisis thanks to sky-high gas prices. ...
SSE sells 49.9% stake in flagship South Lanarkshire wind farm image
Source : Guardian [Read Article] Monday 14th of March 2016 07:29:30 PM
....The company announced last month that it was planning to close three out of four generation units at the 2GW Fiddler’s Ferry coal-fired power station near Manchester, which has made financial losses for two years, as early as 1 April. A surge in renewable energy production and cheap gas prices have effectively priced coal-fired power plants out of the market in Britain. ...
Is it time to regulate energy prices? image
Source : BBC [Read Article] Wednesday 9th of March 2016 02:20:29 PM
....And recently prices there have been tumbling. In the past year some Northern Ireland customers have seen gas prices fall by 24%. ...
E.On sees losses more than double image
Source : BBC [Read Article] Wednesday 9th of March 2016 07:56:15 AM
....The company said the fall in UK earnings was the result of its 3. 5% cut in gas prices in January 2015. ...
EDF's Hinkley Point nuclear nightmare adds to company's woes image
Source : Guardian [Read Article] Monday 7th of March 2016 11:40:19 AM
....The wholesale cost of electricity has been tumbling in Britain and the rest of Europe, making it harder for relatively higher-cost nuclear to compete. Some of this is temporary, due to falling oil and gas prices, and some is more permanent because of subsidised renewable power. ...
Npower to cut up to 2,500 jobs in UK image
Source : BBC [Read Article] Sunday 6th of March 2016 02:36:59 PM
....RWE will announce Npower's full-year results on Tuesday when it is expected to detail the planned job losses. The cuts come as RWE, which generates energy as well as supplying it, has been hit by oil and gas prices falling more than a third in the last year. ...
New York pension fund could have made billions by divesting from fossil fuels – report image
.... A record-breaking $329. 3bn was invested in renewable energy worldwide last year, while falling oil and gas prices have delayed $380bn worth of investments in deepwater and other projects. ...
How you could save HUNDREDS of pounds by switching to a smaller energy provider image
Source : Daily Express [Read Article] Monday 22nd of February 2016 03:40:00 PM
....Over the past year smaller energy suppliers have generally announced more frequent and deeper price cuts than the big firms, after wholesale costs fell by up to 50 per cent last year. For example, First Utility has cut prices 12 times over the past year, as well as launching its cheapest deal in four years, while Good Energy recently announced it is slicing gas prices by an average of 7. ...
Share Hunter: Centrica can power ahead in the long run image
Source : Daily Express [Read Article] Sunday 21st of February 2016 06:42:00 PM
.... It invested £9billion in its upstream gas and power operations between 2007 and 2014. This left it exposed to falling oil and gas prices, and led to a 30 per cent dividend cut. ...
Questor share tip: Centrica shares out in the cold after dividend cut image
Source : Telegraph [Read Article] Saturday 20th of February 2016 04:15:35 PM
....5p Questor says AVOID . Shares in Centrica [LON:CNA], the owner of British Gas, jumped more than 6pc last week as its annual results showed it is coping better than expected with fewer customers, lower household bills and much lower oil and gas prices. ...
Centrica and Go-Ahead battle it out for title of most-hated business in Britain image
....Both released their financial results on Wednesday and faced a barrage of questions about their treatment of customers. Conn had to explain why British Gas had enjoyed a 31% rise in profits after only cutting prices by 15% during a year when wholesale gas prices had fallen by almost half. ...
Our economic debate on Brexit has descended into insultingly superficial scaremongering image
.... A vote to leave the European Union would trigger an immediate recession; adversely affect UK output to the tune of more than 1 per cent a year for the next decade; put millions of jobs at risk; provoke a balance of payments crisis with sterling plunging 20 per cent or more; raise inflation; erode real incomes and pole axe Britain’s credit rating. Centrica, Britain’s largest household energy supplier, has even claimed that it will send gas prices soaring, not that it needs any excuse for that. ...
Centrica urges policy overhaul as it warns of 'looming gap' in UK energy supplies image
.... . Profits at the British Gas household energy supply business rose by 31pc to £574m last year, despite the company twice cutting gas prices. ...
'Slap in the face' Fury as British Gas profits surge to £574MILLLION image
Source : Daily Express [Read Article] Thursday 18th of February 2016 11:37:00 AM
....46BILLION, although this was a fall from the previous year. British Gas last week followed rivals to announce customer gas prices would be cut 5. ...
New energy bill row after British Gas reveals bumper profits image
Source : Guardian [Read Article] Thursday 18th of February 2016 08:09:47 AM
....The Centrica chief executive said the group was performing well in difficult circumstances and there would be no cut in the dividend to shareholders. “Centrica has delivered a resilient financial performance, with solid 2015 adjusted earnings despite the challenge of falling wholesale oil and gas prices,” he said. ...
British Gas profits rise 31pc to £574m image
Source : Telegraph [Read Article] Thursday 18th of February 2016 07:31:48 AM
. Britain's biggest energy supplier British Gas increased its profits by 31pc to £574m last year despite twice cutting gas prices. ...
British Gas profits expected to have fallen as global commodity price plunge continues image
....The City expects it to report a 15 per cent drop in adjusted operating profit to £1. 4billion, following wholesale gas prices falling by more than half over the past 12 months leading to lower profit from its exploration and generating operations. ...
North Sea crisis raises UK gas supply risk, former energy minister warns image
Source : Telegraph [Read Article] Friday 12th of February 2016 04:05:35 PM
.... . In the past the UK has relied on the North Sea for a predictable gas supply, but crashing gas prices could speed the region's decline as firms are forced to scale back investment in new projects - resulting in a supply shortfall within five years, industry experts warn. ...
Money Talks: BT to divert nuisance calls for free, plus supermarket deals quiz image
....Tenant evictions reach highest level on record. British Gas and EDF cut gas prices by £31 a year. ...
British Gas and EDF Energy cut gas prices by £31 a year image
Source : Telegraph [Read Article] Thursday 11th of February 2016 09:52:54 AM
. British Gas and EDF Energy have both cut their gas prices by £31 a year, completing a round of reductions by all of the Big Six energy suppliers. ...

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