UK’s household energy bills at their lowest since 2018

With global power demand and wholesale energy prices nose-diving during the lockdown, energy tariffs have dropped significantly

Dip in oil prices sees fixed household bills drop below £800 a year for first time since 2018

Low wholesale energy prices mean six suppliers are now offering a total of nine new fixed deal energy tariffs for less than this price

Coronavirus causes Europe’s carbon market to crash

IHS Markit notes the market is currently trading around 40% down since early March

Igloo Energy announces up to 30% price cut for gas customers

The challenger firm says reductions will vary due to differences in the cost of distributing gas regionally across the UK

Bulb cuts gas rates but steps up power prices

The firm, which has more than 1.6 million customers in the UK, says the changes are driven by falling wholesale gas prices and higher electricity network and policy costs respectively

The chance to save cash ‘is driving EV adoption’

That’s according to a new survey published by charging infrastructure firm NewMotion, which asked 4,492 EV drivers about a variety of issues relating to the adoption of battery-powered cars

Higher oil price and production forecast in the US

Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration

Ørsted finds it has overestimated the amount of power turbines can produce

The offshore wind farm developer’s troubling finding could mean offshore wind energy revenues are significantly lower than expected

Solar and onshore wind ‘reach parity with many global wholesale prices’

Bloomberg New Energy Finance says renewable energy sources can now generate electricity at a cost equal to or lower than wholesale prices in California and parts of Europe

Microbusinesses across the UK are at risk of being ‘cut off and ripped off’

Citizens Advice says these firms are not protected in the same way as ordinary consumers and risk being needlessly disconnected, aggressively pursued for debts and mis-sold contracts