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The Latest Breaking News from Gas Prices

Energy industry backs plan to save businesses and homes up to £18bn a year

Idea would separate the cost of electricity produced by nuclear and renewable sources from generation by gas

The Guardian - UK

Why are wind farms making massive profits because gas prices have soared?

Experts have called for the price of power made by wind turbines to be split from the cost of gas.

The Independent UK

Electric Ireland announces another price increase on electricity and gas in new cost of living blow

It marks the third time this year that Electric Ireland has hiked its prices. The rises will equate to €37.20 per month on the average residential electricity bill and €42.99 per month on the average residential gas bill.

Irish Mirror

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Wholesale gas prices fall as Europe’s plan to avert winter energy crisis takes shape

Price of gas for delivery on Friday drops 21% from Wednesday night’s price of 405p per therm to 320p

The Guardian - UK

PrepayPower announce €750 hike in gas and electricity prices

The provider’s electricity prices will rise by 19 per cent, while gas prices will rise by 29 per cent, resulting in an additional €339 to the average electricity bill and €428 to the average gas bill

Dublin Live

PrepayPower announce price hikes for electricity and gas customers from October 1

The increase will see electricity prices rise by 19 per cent, while gas prices will rise by 29 per cent

Irish Mirror

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

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Energy crisis: why the UK will be at the mercy of international gas prices for years to come

The UK is trying to ensure households and businesses have enough energy this winter by turning to international markets buoyed by booming US liquefied natural gas (LNG) supply, and reinstating retired storage capabilities. But the impact of Russia’s recent decision to switch off its Nord Stream 1 pipeline has proven…

The Conversation

Wholesale UK gas prices fall sharply ahead of interventions

But they are still 12 times higher than they were at the start of 2021

Wales Online

Is Devon Oil a Better Energy Play Than Marathon Petroleum?

Elevated oil & gas prices have been helping energy companies thrive, with oil producers' free cash from operations increased significantly this year. Therefore, Marathon Petroleum (MPC) and Devon Energy (DVN) beat the market volatility. But which of these stocks is a better choice for investors? Read more to find out….

StockNews.com

Wholesale gas prices tumble as Europe prepares to intervene in energy markets

European Commission says it is working ‘flat out’ on emergency intervention and on longer-term structural reform

The Guardian - UK

Explainer-How could Europe cap surging energy prices?

The European Union is preparing emergency plans to cap gas prices or separate power prices from the soaring cost of gas - as well as longer-term reforms aimed at ensuring electricity prices reflect cheaper renewable energy.

Reuters

Inflation could rise to 22% in the UK if gas prices fail to drop, Goldman Sachs warns

Inflation is tipped to increase after the energy price cap rises from £1,971 to £3,549 on October 1

Evening Standard

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

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Birmingham Post

Pub and brewery bosses warn over mass closures due to soaring energy bills

Rising gas prices following the invasion of Ukraine by Russia have contributed to rocketing energy bills for operators.

The Independent UK

Republican senator suggests Biden using Mar-a-Lago raid to distract from falling gas prices

Ernst’s talking points come as prices have dropped for weeks

The Independent UK

EU, German leaders pledge reform to cut electricity prices

The head of the European Union’s executive branch and Germany's chancellor have pledged a reform of the continent’s electricity market to help bring down power prices that have been pushed higher by skyrocketing gas prices

The Independent UK

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

Get all your
news in one place.

100's of premium titles.
One news app.

Asharq Al-Awsat

Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth

Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for US growth. US West Texas Intermediate (WTI) crude futures jumped $1.09,…

The Independent UK

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

Wales Online

Price cap experts forecast £7,700 average bills for households next year

People are already paying more than every before for their gas and electricity

The Independent UK

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Guardian - US

Will Joe Biden’s gamble on big oil pay off in leveling gas prices?

After begging the industry to increase supply, the White House used its reserve to strategically set fuel prices

StockNews.com

Forget Southwestern Energy, These 2 Sub-$10 Energy Stocks Are Better Buys

Southwestern Energy (SWN) has gained significant momentum this year amid the skyrocketing oil and gas prices. However, considering its bleak fundamentals, we think investors could instead consider investing in quality under-$10 energy stocks Birchcliff (BIREF) and Amplify (AMPY). Keep reading….

The Independent UK

UK faces ‘catastrophe’ after energy bills soar 80% amid warning price cap could hit £7,000

Experts warn bills could be pushed even higher without urgent intervention as gas prices continue to rise

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