Higher energy bills likely due to the Saudi oil attacks
The drone attack which knocked out half of Saudi oil production is likely to put up energy bills for UK consumers, an analyst said.
The drone attack which knocked out half of Saudi oil production is likely to put up energy bills for UK consumers, an analyst said.
Millions of households could see their energy bills rocket by as much as £439 as hundreds of fixed-price deals come to an end in July, August and September, figures suggest.
President Donald Trump's administration is thought to be planning to impose tariffs on European steel and aluminium imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions.
The US has renewed its threat to place 25% on 50 billion dollars (£38bn) of Chinese goods in retaliation for what it says are the country's unfair trade practices.
Business Minister Greg Clark has urged the energy regulator to get on and use its powers to cap poor value standard tariffs for millions of consumers.
Good Energy has signed a Memorandum of Understanding (MoU) with ITM Power to explore green electricity tariffs for hydrogen production at its refueling stations across the UK.
The Ukranian government has introduced new natural gas tariffs for consumers as it looks to meet demands put forward by the International Monetary Fund (IMF).