wholesale gas price for day-ahead delivery outstripped the ￡3 per therm-the energy output of a unit of

paying 54p per therm of gas at the beginning of the year.... By September, that had reached more

UK gas prices climbed to 450p per therm on Wednesday, December 22, an unprecedented high for the

Therme said the court had recognised the" terror" that Bacot had endured for years. READ MORE

More British energy firms could go bust because of the turmoil in Ukraine, ministers fear. Officials are preparing for the possibility that further small energy suppliers could collapse if gas prices rise even further as Vladimir Putin appeared to prepare for an invasion.In the last three months of 2021, 25 firms collapsed amid a record surge in energy market prices.... Two more, Whoop Energy and Xcel Power, failed on Friday, although they only supplied around 500 homes and businesses between t

In a Tweet with gas price increases on display, Javier Blas took to Twitter to address the dire situation.... Using his experience in the energy sector, the correspondent demonstrated the notion that a price barrier had been broken.Mr Blas wrote: “ If I was the British Government, I would be rather worried about this chart; very, very worried.... Adding to the piece, the analyst said: “ And a reminder that during a supply crunch, natural gas prices go parabolic, reaching whatever price is need

IRAN’S Supreme Leader Ayatollah Ali Khamenei( left) attends the inauguration ceremony for Ebrahim Raisi as president. —AFP TEHRAN: Ultracon-serva-tive Ebrahim Raisi was inaugurated on Tuesday as president of Iran, a country whose hopes of shaking off a dire economic crisis hinge on reviving a nuclear deal with world powers.“ Following the people’s choice, I task the wise, indefatigable, experienced and popular Hojatoleslam Ebrahim Raisi as president of the Islamic Republic of Iran, ” the country

Greater Manchester Police have reopened closed all lanes of the motorway after stopping traffic in both directions.... Emergency services attended the scene, which had paralysed traffic on one of the city's key highways. National Highways: North West tweeted:" The# M602 eastbound# J2(# Eccles# A576# SalfordRoyal# TraffordPark) to# J3(# RegentRoad# Salford# A57) traffic has been temporarily STOPPED both directions due to an incident." Traffic Officers@ gmptraffic@ NWmwaypolice are currently at t

Labour MP and LBC host David Lammy has heard from a desperate caller who's been left too panicked to read bills from her energy company amid soaring costs.... Tess from Chiswick in South West London told the radio station that she just" panics and sobs" when confronted with bills from her electricity provider.... We haven't seen any action from the Government or from the regulator." There's an acceptance that there's a problem." But nowhere near enough urgency to find a solution.".....

“ We’ve seen this energy crisis unfold now for the last three months and we’ve watched as energy prices have spiked, fallen back, and spiked again, ” he told the BBC.... “ We’ve had more than 30 bankruptcies in the sector, we’ve had millions of customers forced to change supplier.” Recommended What could new Covid restrictions in England look like?... We haven’t seen any action from the government or from the regulator....