As one of Europe’s biggest consumers of gas the UK may be particularly exposed to heightened price volatility
Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy traders, experts have warned.
The EU’s gas stocks were 63% full in the last week of August, well below the 80% average for late August over recent years and among the lowest levels ever recorded for this time of year.
Continue reading...After higher prices for winter kick in, energy debt unpaid for more than 30 days likely to rise, says Energy UK
Households in Great Britain could owe their energy suppliers as much as £7bn by the end of the year after higher gas and electricity prices forecast for the winter kick in, an industry group is warning.
Domestic energy debt and arrears climbed by about £500m over the past year to a record £6bn at the end of June as the Middle East conflict continued to stoke rising gas market prices.
Continue reading...PM’s plan to shield households from more pressure risks being overwhelmed by wider price rises
July’s increase in inflation, to 2.9%, is likely to be the first of several, underlining the challenge facing Andy Burnham in shielding consumers from a fresh cost of living squeeze this autumn.
Rising energy bills, as an increase in Ofgem’s quarterly price cap came into force, were the main driver of the jump in inflation, from 2.6% in June. That was partly offset by cheaper fuel prices – the knock-on effect of hostilities easing in the Middle East, after Donald Trump hailed his “memorandum of understanding” with Iran in June.
Continue reading...Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till
The chancellor, John Healey, has said the government is standing by to prevent the public from “being taken for a ride at the pump or the till” as the Iran war continues to hit prices.
While he said there had been “no significant evidence of so-called price gouging” during the crisis, he used a weekend column to tell the big retailers that ministers were “watching closely” for any signs of profiteering.
Continue reading...CEO Chris O’Shea defends Centrica’s plans as it reports rise in retail profits following focus on bigger margins
The owner of British Gas has claimed that most households would rather speak with an AI chatbot than deal with the company’s staff as it prepares to cut 1,300 jobs from its call centres.
Centrica, the supplier’s FTSE 100 owner, plans to cut 800 jobs as the company carries out a “targeted deployment of AI tools”, on top of the 500 cuts it confirmed last month.
Continue reading...Quarterly Ofgem price cap rises to equivalent of £1,862 a year from 1 July amid growing consumer energy debt
Ministers are facing growing pressure to lower energy costs as households in Great Britain face the steepest rise in summer bills in four years this week.
The quarterly cap on gas and electricity charges will rise by 13% from Wednesday to the equivalent of £1,862 a year for an average household, just days after figures revealed that consumer energy debt had reached record highs.
Continue reading...Leadership hopeful to also say tax revenues from new North Sea oil and gasfields should be used to cut energy bills
Wes Streeting’s pitch to be the next Labour leader will include a plan to increase high-skilled immigration to the UK, arguing that Donald Trump is telling scientists and AI experts they are not welcome in the US.
In a speech this coming week, the former health secretary will also say that tax revenues from new North Sea oil and gasfields should be used to cut energy bills.
Continue reading...Change in viewing habits offered by match times at 2026 tournament could mean using cheaper off-peak power
Watching late-night or early hours football could provide UK households with a practical opportunity to cut their energy bills, as even just doing the washing when cheaper electricity rates apply can net a decent saving.
At a time when energy costs are back at worrying highs, research by E.ON Next shows the potential to save money on a time-of-use tariff – in this case, its Next Smart Saver deal, which has three rates: peak, off-peak and super off-peak.
Continue reading...Former safeguarding minister says if ban came into force properly it could ‘basically eliminate’ problem
The government has highlighted work done by the internet safety firm SafeToNet as showing that the technology is already in place that would allow tech companies to stop children using phones to take naked pictures of themselves, or other people. The Home Office says:
Measures to protect children already exist within smartphones and tablets, but are applied inconsistently, often switched off by default and only blurring content rather than blocking it. But the government is working closely with technology companies — some of whom, like Apple, have already taken steps to implement protective features — to make this goal a reality.
Companies must introduce these measures without threatening privacy or collecting any data. The device should simply block harmful content across all apps and services. Over-18s will still be able to view adult content by providing proof of age.
The government is right to act. Children have been failed for too long. This news will be welcomed by parents across the UK and hopefully, will inspire other countries to follow the UK’s lead.
We can put an end to so much online misery with this approach. SafeToNet’s HarmBlock technology is a proven example that it is possible to make the device safe by default and not as some optional add-on.
The changes will apply to UK devices, including both existing and newly sold smartphones and tablets. Legislation could cover operating system providers and others in the supply chain, such as retailers, and will not affect the use of devices owned and used by adults who verify their age …
Apple recently introduced age checks for iPhone users, making it the first company to activate safety features by default for those who are not verified as over 18. This is a significant step forward following the government’s commitments to work with industry, and one this announcement builds on.
Continue reading...National Audit Office says potential benefits are ‘considerable but uncertain’ while risks are ‘immediate and substantial’
The cost of the government’s £38bn nuclear plant in Suffolk is subject to “significant uncertainty” and may outweigh the benefits for UK households until at least 2064, according to the government’s spending watchdog.
The National Audit Office (NAO) has warned that although the potential benefits of the Sizewell C nuclear plant are considerable, they remain uncertain. The risks, however, are “immediate, substantial and borne by the public”.
Continue reading...Redress to customers for force-fitting devices in homes includes £20m penalty and £70m of debt write-offs
Thousands of British Gas customers who had prepayment meters force-fitted in their homes will between them receive compensation and energy bill debt write-offs worth up to £112m in the biggest energy supplier settlement on record.
Great Britain’s energy regulator found that British Gas forced PPMs on homes that were not keeping up with their bills at the height of the Russian gas crisis, in one of the most complex investigations in Ofgem’s history.
Continue reading...Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR says
Britain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war on consumers, a thinktank has said.
Capping legal speeds at 20mph in towns and cities and 60mph on motorways would help reduce fuel demand and combat soaring oil prices triggered by conflict, according to the Institute for Public Policy Research (IPPR).
Continue reading...Greg Jackson argues against costly investments in UK’s power grid that are adding to household bills
The boss of the UK’s biggest energy supplier has suggested that some households would accept an occasional electricity blackout in exchange for much lower energy bills.
A year on from Europe’s largest power outage – which left tens of millions of people in Spain and Portugal without trains, metros, traffic lights, ATMs, phone connections and internet access – the chief executive of Octopus Energy argued against costly investments in the UK’s power grid that are adding to household bills.
Continue reading...Incentives to absorb surplus wind and solar energy could help balance the grid and lower bills
Households will be called on to boost their consumption of Great Britain’s record renewable energy this summer to help balance the power grid and lower energy bills.
Under the new plans, people could be encouraged to run dishwashers and washing machines or charge up their electric vehicles when there is more wind and solar power than the electricity grid needs.
Continue reading...Iran war drives demand for solar panels, heat pumps and EVs, with energy bills expected to rise 18% from July
British households are turning to green home energy upgrades in record numbers to try to keep bills down as the Iran crisis sends global oil and gas prices soaring, data from leading energy suppliers suggests.
Figures show demand for solar panels, electric vehicles and heat pumps in Great Britain has leapt since the war began on 28 February, as households brace for a sharp increase in monthly payments when the next energy price cap takes effect in the summer.
Continue reading...Prime minister says conversation with US president on Thursday night focused on need for ‘practical plan’ to open strait of Hormuz
Tony Blair, the former Labour prime minister, has joined those saying the government should allow drilling for oil and gas in the Rosebank and Jackdaw fields in the North Sea.
Both applications were approved by the last Conservative government, but then overturned by a court ruling. Ed Miliband, the energy secretary, has to make a decision about the revised applications operating in a quasi-judicial capacity, which means he has to follow due process and can’t take the decision purely on political ground.
The current debate [on energy policy] is deadlocked between two incomplete responses. The government argues the answer is to accelerate Clean Power 2030, focusing on decarbonising the electricity system as quickly as possible. The opposition argues that the answer is to expand domestic oil and gas production. Both positions contain elements of truth, but neither addresses the core strategic problem: outside the power sector the UK economy remains overwhelmingly dependent on fossil fuels, and electricity is still too expensive to support mass electrification.
The UK is caught in a self-reinforcing high-cost, low-electrification trap. High electricity costs suppress demand, slowing the uptake of electric vehicles, heat pumps and industrial electrification. Weak demand growth, in turn, means that the fixed costs of the system – from networks to long-term contracts – are spread across a smaller base, keeping prices high. The result is a system that is too expensive to electrify and therefore remains dependent on fossil fuels and exposed to global shocks …
The first of these vital measures will ban anyone from possessing or publishing harmful pornography that shows incest between family members, and sex between step or foster relations where one person is pretending to be under 18.
A further amendment will criminalise the publication and possession of pornography where an adult is roleplaying as a child.
This government is uncompromising in our mission to protect women and girls online, and we have taken action to stop tech firms from publishing this abusive content.
In February, we told platforms that they must remove reported non-consensual intimate images within 48 hours.
I greatly welcome the government’s plans to fully address harmful pornographic content such as incest, step-incest and the mimicking of child sexual abuse. This content that is freely and widely available online is deeply harmful, normalising child sexual abuse and abusive relationships within families …
Today the government has answered our calls for change, and I am delighted that once again the UK is leading the way on regulating this high harm industry.
Continue reading...Reform UK would impose ‘biggest cuts to benefits bill ever seen in history of this country’ if they came to power, says Farage
Q: Do you agree with the Tories about wanting more oil and gas drilling from the North Sea?
Davey says Kemi Badenoch claims she can get an extra £2.5bn in tax revenue by allowing more exploration in the North Sea. He says she is “just lying”. He says everyone knows that that is not realistic.
Continue reading...This blog is now closed
Starmer says he understands why people are concerned about the cost of living.
He says he has already set out a five-point plan to deal with the crisis.
Just look at what’s happening today. Today your energy bills will be cut because of the action that we took at the budget. And whatever happens in Iran, that price is now fixed until July.
The most effective way we can support the cost of living in Britain is to push for de-escalation in the Middle East, and a reopening of the strait of Hormuz, which is such a vital route for energy.
To that end, we’re exploring each and every diplomatic avenue that is available to us.
Continue reading...The Green party leader said Ofsted is a ‘failed institution’ and that teaching should move ‘toward a genuinely collaborative model’
Starmer complained about other parties whipping up division, and he specifically criticised Nick Timothy, the shadow justice secretary, for “complaining about Muslims praying in public”.
Labour, by contrast, values bringing people together, he said.
Continue reading...Chancellor says she has the data available to run targeted scheme, unlike the Tory programme used when the Ukraine war started
The live feed from the Lib Dem local elections campaign launch did not last long, and it did not include footage of Ed Davey taking questions from reporters. But this is what the Lib Dems are saying about their five key campaign issues.
-Cut the cost of living: A plan to halve energy bills within a decade, saving households an average of £870 a year
-Fix the NHS and care: Guarantee the right to see a GP within seven days (or 24 hours for urgent cases) and ending 12-hour A&E waits.
-Rescue high streets: Give an emergency cut to VAT for hospitality businesses, to bring prices down and boost struggling high streets.
-Clean up rivers: Ban water companies from dumping raw sewage into local rivers and coastal areas.
-Restore community policing: Ensure visible, effective local policing to reduce crime.