The world’s energy watchdog has advised governments to reduce road speeds and encouraged workers to carpool or, ideally, work from home to combat soaring oil prices and impending fuel shortages caused by the Middle East conflict. It has also recommended countries consider limiting car access to designated zones in large cities, by giving vehicles with
Many Asian countries have already introduced measures to limit consumption. Air conditioning cannot cool below 25 degrees in Bangladesh and 26 degrees in Thailand. Some are introducing shorter hours for schools and university and limiting air travel for public officials. Pakistan and the Philippines have introduced a four-day week for public servants. Thirty-two countries are
Many Asian countries have already introduced measures to limit consumption. Air conditioning cannot cool below 25 degrees in Bangladesh and 26 degrees in Thailand. Some are introducing shorter hours for schools and university and limiting air travel for public officials. Pakistan and the Philippines have introduced a four-day week for public servants. The IEA’s other
Young adults across the country are missing out on millions of pounds in unclaimed child trust funds, according to new figures. An estimated 894,000 people have failed to claim their child trust fund, the HMRC data analysed by charity The Share Foundation shows. In the north of England alone, 216,000 people are collectively owed £285m,
Ofgem investigated the company 13:13, 20 Mar 2026Updated 13:14, 20 Mar 2026 Customers included many small businesses, Ofgem said(Image: Nadiia Melnykova via Getty Images) An Ofgem investigation has led to customers of an energy company being refunded and given £50 compensation payments. The regulator said on Friday that the energy supplier would pay £525,000 and
The effects of ‘Trumpflation’ are starting to bite the world economy, leading the Independent Energy Agency to issue a 10-step guide for drivers to preserve oil stocks 11:39, 20 Mar 2026Updated 12:01, 20 Mar 2026 Brits have been issued warnings after oil prices surged(Image: Liverpool echo) Brits have been warned to work from home and
A warning has come from the Resolution Foundation Approximately 40% of households are now on fixed-rate tariffs(Image: SimpleImages via Getty Images) Families are bracing for another cost-of-living setback, as energy bills could soar by up to £500 annually in the coming months. A stark alert from the Resolution Foundation warns that Britain may be on
Leading experts have dramatically increased forecasts for Ofgem’s price cap change in July with £332 a year leap 09:58, 20 Mar 2026Updated 10:27, 20 Mar 2026 Warnings of higher energy bills will add to cost of living worries for many people(Image: Getty Images) Energy bills are expected to surge to nearly £2,000 a year by
Stay informed with free updates Simply sign up to the Energy crisis myFT Digest — delivered directly to your inbox. The International Energy Agency is calling for people to cut oil demand by working from home more, flying less and driving slower, as the Iran war rocks global energy markets. The agency says those measures,
Step outside on a blustery or sunny afternoon, and it’s hard to imagine we’d ever run out of natural energy to power buildings and cities. But when the wind doesn’t blow and the sun doesn’t shine, how does the energy sector ensure a reliable, uninterrupted energy supply? Storage is crucial for stabilising the grid and