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Oil prices to rise if Russia reduces supplies

Oil prices to rise if Russia reduces supplies

Energy analysts have spoke out saying that if further sanctions are placed on Russia, it could have catastrophic implications on the UK energy market. When Russia invaded Ukraine, sanctions were imposed on them by western countries to reduce the resources and funding they had coming into their country. This has led Russia to retaliate by reducing supplies or putting prices up over the past...

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Battery storage could solve energy shortages

Battery storage could solve energy shortages

Finland have made a new breakthrough that could solve the current global energy crisis. Researchers have installed the worlds first sand battery that can store electricity for months. Storage has been one major hurdle in renewable energy for a long time, however this could be a solution. The sand batteries use a low-grade sand that can store heat energy generated from solar and wind energy....

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What is the UK planning to do to reduce energy bills?

What is the UK planning to do to reduce energy bills?

Energy prices for consumers have been on a steady incline this year with Ofgem raising the price cap in the springtime for domestic customers, they also plan to do this again in October. This has come about due to a global rise in gas prices around the world and an increase in demand. Although the government have put in place schemes to help domestic customers with these prices there are fears...

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Domestic consumers paid for lowering consumption

Domestic consumers paid for lowering consumption

The National grid has been planning to reduce the risk of blackouts this winter by asking customers to reduce the amount of electricity they are using throughout peak times of the day. The network operator hopes to enable households with smart meters to cut their electricity usage at the time of day when supplies are the lowest. As we are nearing closer to the winter, the government are struggling...

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Energy suppliers are calling for gas rationing

Energy suppliers are calling for gas rationing

After Europe face shocks to their energy systems due to a lack of supplies from Russia, some suppliers have started to urge their customers to limit energy consumption. The bosses of three energy suppliers (EDF, Total Energies and ENGIE) have started this appeal with their French customers. The three companies have come together to stress how important it is for all individual and business...

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The UK  to modernise the Energy Charter Treaty

The UK to modernise the Energy Charter Treaty

The Energy Charter Treaty (ECT) is set in place to limit legal challenges from fossil fuel investors in the country. The UK is set to modernise the ECT as some European countries have faced legal challenges due to reducing their reliance on fossil fuels and boosting renewables. For example, the Netherlands are currently facing high costs to their taxpayers due to a coal phase out. The new treaty...

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