Energy in the United Kingdom

UK energy bills to fall again

The price cap on energy bills for most British households is to fall again, regulator Ofgem announced on Aug. 25, offering mild relief amid the ongoing cost-of-living crisis.

Bills will decline from October thanks to a further fall in wholesale energy prices, which had soared in the wake of the post-COVID recovery and the war in Ukraine.

Price of natural gas used in electricity production reduced

Prices of natural gas used in electricity production have been reduced, while gas prices for households have been kept unchanged for January.

The Petroleum Pipeline Corporation (Botaş) announced that the price of gas used was cut by 12.75 percent to 18,000 Turkish Liras/1,000 cubic meters.

The price of natural gas households consume was kept at 4,080 liras/1,000 cubic meters.

Wind, solar energy saves Turkey $7 bln in imports

Wind and solar power generation has lowered Turkey's import bills by preventing $7 billion of fossil fuel imports in the last 12 months, London-based Ember said in a report.

In the following months, approximately $700 million in savings is expected each month if the gas price remains the same, the think-tank predicted.

Ministry of Environment and Energy – Payment facilities to households for gas bills

A small economic boost to the thousands of households that consume natural gas for heating and cooking needs and have borne huge burdens, gives an amendment of the Ministry of Environment and Energy.

More specifically, the payment of energy distribution and capacity bills by household gas consumers, during the months of November and December, is suspended.

Energy regulator to probe power prices

The wholesale electricity market has not been running smoothly and authorities are concerned that exorbitant price rises may find their way onto consumers' bills.

A month after the so-called "target model" to determine wholesale electricity prices was introduced in Greece, prices have more than tripled, prompting the Energy Regulatory Authority (RAE) to intervene.

Energy Strategy: Developing offshore deposits in Black Sea, necessary to avoid increase of dependence on gas imports

The development of offshore deposits discovered in the Black Sea is necessary in order to avoid the significant increase of dependence on gas imports and represents a sine-qua-non condition to be able to rely on natural gas in the electricity mix, according to the project "Romania's energy strategy 2019-2030, with an outlook to 2050", published by the relevant ministry.

Pages