Britain’s energy suppliers are expecting a government U-turn on plans to cut energy support, meaning households are likely to avoid a 20% bill hike in April.
This government – and the next – have big decisions to make on energy.
Unseasonably warm weather, coupled with shrewd adaptations, have saved the continent from Putin’s energy blackmail.
Reaction’s energy guru peers into his crystal ball on gas, oil, petrol, Net Zero and COP28.
Wholesale gas prices have tumbled in recent weeks to below pre-Ukraine invasion levels.
A cold, cloudy, windless winter will be high up on Vladimir Putin’s Christmas list.
Filling the gap left by Russian gas will not be easy. But the last few months suggest that this crisis could yet give us a more resilient, greener energy system.
Whether it be investment in our own natural gas fields or co-operation with international partners, there are ways to remediate the problem.
There are three complicating factors meaning high prices aren’t sowing the seeds of their own destruction.
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