Centrica and Repsol strike LNG deal

Centrica Energy and Repsol have inked a deal, with one million tonnes of LNG shipments scheduled between 2025 and 2027, aimed at the Grain LNG import terminal in Kent

Octopus chief forecasts lower UK energy bills in April

Octopus Energy’s Chief Executive Officer Greg Jackson predicted that the forthcoming energy price cap would be significantly lower than current levels, attributed to providers prepaying for gas

Price cap predicted to drop by 14% in April 2024

Forecasts for the April 2024 default tariff cap suggest a 14% decrease, projecting an annual cost of £1,660 for a typical dual fuel consumer

UK grid balancing costs plummet 14% in June

The UK grid balancing costs experienced a 14% drop in June, reaching £112.7 million, according to National Grid ESO

Ofgem takes aim at energy profiteering

The boss of the energy regulator Ofgem has emphasised the need for energy companies to prioritise customers and prevent excessive costs

Shell to divest home energy retail business

The energy giant is also reportedly exploring options, including a potential stake sale to outside investors, for its global renewable power operations

New tariff to potentially lower energy costs below price cap

Octopus Energy is set to introduce the “Tracker” tariff, offering gas and electricity prices based on wholesale costs

UK to introduce ‘pump watch’ scheme to protect drivers

The government plans to implement a scheme, compelling retailers to share petrol and diesel prices online, aiming to prevent drivers from being overcharged

Ofgem: Consumers still facing ‘one of the most difficult periods in history’

Energy customers can expect an average drop of £460 per year from 1st July

SMEs call for ‘blend and extend’ energy tariffs, amid rising interest rates

The Federation of Small Businesses has highlighted that rising energy costs pose a significant burden on small enterprises