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Energy
Gas prices in Europe are back to normal for the first time since the energy crisis
The European Natural Gas Prices fell below EUR30 per Megawatt Hour on Thursday for the first since the beginning of the energy crises. They reached their lowest level since June 20, 21.
The benchmark TTF price fell to EUR29.75/mwh on…
The UK paid £29 billion more for power last year due to the energy crisis
According to a report by University College London, the surge in wholesale prices for electricity last year caused UK consumers to spend more than twice as much on power as they did before the financial crisis.
The study reported that…
What’s at stake in the EU/UK battery deal
The warning from Stellantis, that Britain's trading rules with the EU could threaten the viability its electric van factory at Ellesmere Port, has opened one of the most complex headaches in the auto industry: the rules of origin.…
BoE Chief economist regrets telling Britons that they will be poorer
The Bank of England chief economist apologized on Monday for blaming other people for the high inflation rate and for saying that Britons should " accept", they are poorer. He also reiterated that households and businesses could not escape…
Dubai’s growing commodities hub is now attracting London traders
London's commodities traders are following their Swiss counterparts to Dubai as the emirate transitions from an outpost focused primarily on crude oil to a major trading hub for energy.
Dubai has been trying to attract commodities…
Thousands of electric car chargers pulled from UK roads after energy price surge
The cost of energy has risen so high that it is no longer feasible to provide free chargers for electric cars.
The number of chargers that offer free electricity has dropped from 5,715 last year to 3,568 this year, almost 40%.
In…
Canary Wharf office and retail spaces powered by Scottish windfarm
The Canary Wharf district's offices and retail space will be powered soon by clean energy produced by a Scotland windfarm.
Canary Wharf Group which manages a 60-hectare estate (150 acres) in east London has signed a deal to get almost…
Solar installations in the UK could take up to 15 Years.
The lack of grid connectivity in the UK can lead to people waiting up to 15 years to install solar panels on their homes, according to MPs.
The Environmental Audit Committee, which examines green policies within government, said that…