Russian President Vladimir Putin has pushed back sharply against Western criticism of India’s sprawling oil trade with Moscow, insisting that the partnership is driven by “purely economic logic” and existed “long before the Ukraine crisis.” Speaking to India Today and Aaj Tak in a wide-ranging interview at the Kremlin, Putin accused critics of “politicising energy markets” and
Households will be made to cough up hundreds of pounds to pay for upgrades to the UK’s energy infrastructure over the coming years. Ofgem, Britain’s energy watchdog, has approved a package of investment worth £28bn to be spent by 2031. But the plans are expected to see about £100 added to people’s energy bills each
Rob Gilham, a director at WHG, said the firm would never plan to make a profit from heat supply. “For several years we’ve kept charges far below the true cost by covering a large part of the expense ourselves,” he said. “Customers have been paying around £200 per year on average for heating and hot
Scottish Power Scottish Power runs the transmission network in central and southern Scotland The energy regulator has given the go-ahead for £5.4bn to be spent upgrading the electricity transmission network in Scotland. It is part of a £28bn investment approved by Ofgem to improve the UK’s electricity and gas grids over the next five years.
Energy regulator Ofgem insists new funding deal for network companies will means UK is less reliant on imports, but critics claim it risks fattening firms’ bumper profits 12:06, 04 Dec 2025Updated 15:11, 04 Dec 2025 Energy companies have been given the all-clear to ramp-up investment over the next five years (Image: Getty) Watchdogs faced criticism
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Hello from New York, where I’m still working through Thanksgiving leftovers. Bond traders are sounding the alarm over central
As the weather gets colder, many of us will be turning on our central heating to keep our homes warm. But there are some common mistakes we are making that could be adding to our bills Ensure you aren’t wasting money with these common mistakes(Image: Svetlana Repnitskaya via Getty Images) With winter now upon us,
The retailer says the ‘adorable’ decor is ‘perfect for bringing warmth and charm to your home this Christmas’ The decoration helps to ‘keep the cold at bay’ (stock photo)(Image: Getty) Home Bargains is selling an £8 decoration that could help homes to feel warmer this winter. During the colder months, many Brits living in poorly
Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. Britain’s energy regulator has approved an initial £28bn worth of investment in the country’s gas and electricity networks over the next five years, as it seeks to set a balance between upgrading infrastructure and keeping
Ofgem chief executive Jonathan Brearley said the investment “will keep Britain’s energy network among the safest, most secure and resilient in the world”. “The investment will support the transition to new forms of energy and support new industrial customers to help drive economic growth and insulate us from volatile gas prices,” he said. Speaking ahead of Ofgem’s announcement, Keith Anderson, the chief executive of