Shares of billionaire Wes Edens’ New Fortress Energy Inc. tumbled after the company warned it may seek bankruptcy protection in the US if its efforts to negotiate an out-of-court restructuring with lenders falls short. The New York-based company that specializes in liquefied natural gas disclosed in a filing Friday that it’s also considering restructuring its
There is rampant speculation that the government might do something to bring down energy bills in the budget next week – but what could this look like, and will other taxes go up? The high rates people pay for heating and electricity is becoming a more salient issue as temperatures drop, and the confirmation the
Ofgem has confirmed that the energy price cap will rise by 0.2% during the January and March 2026 period, meaning the cost for an average dual-fuel household will jump to £1,758 per year A wide variety of energy bill support is available(Image: Getty Images) UK households are bracing for a rise in bills come the
The energy price cap will increase again in January, but households can save nearly £200 by switching to a fixed deal. Experts had predicted a small dip in prices in the new year, but regulator Ofgem confirmed the cap will increase by 0.2 per cent or 28p a month, from £1,755 to £1,758, for a
-Credit:PA Archive/PA Images The energy sector is at a “crossroads” on what its future will look like, the author of a new study on the industry has said. Analysis by the University of Strathclyde found the UK’s energy sector is at a critical turning point, with a deteriorating investment environment putting jobs, tax revenues and
Energy price regulator Ofgem have announced that the energy price cap will increase by 0.2% between January 1 and March 31 next year. This is relevant for households across England, Wales and Scotland. The increase in the price cap is unexpected, with forecaster Cornwall Insights having predicted that there was going to be a 1%
Ofgem is set to increase the energy price cap once more between January and March 2026 10:22, 21 Nov 2025Updated 10:22, 21 Nov 2025 Many people are worried about energy bills this winter (stock image)(Image: Monkey Business Images/Getty Images) Many Brits will face even higher energy bills in 2026, following Ofgem’s announcement of a 0.2%
The snow is falling – our bills are not. Mid-winter Energy costs are rising from January for 34 million customers on tariffs regulated by the official price cap. But why is this happening despite wholesale prices actually falling? Friday’s energy price cap announcement brings average annual bills to £1,758 in January, a small rise of
Wall Street was mixed on Friday, as uneasiness remained in the New York stock market despite a Federal Reserve official hinting at a rate cut. New York Fed president John Williams said the US central bank could lower interest rates soon. “I view monetary policy as being modestly restrictive, although somewhat less so than before
Octopus Energy is recommending the ‘4pm rule’ to UK households in order to inside your home warm this winter Ocotpus Energy has shared the same advice as Martin Lewis once did(Image: Getty Images) Octopus Energy is advising UK households to follow the ‘4pm rule’ as the temperature drops and energy costs remain high. The ‘rule’