European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
A warmer-than-expected start to winter across large parts of the world is rapidly easing fears of a natural gas crisis that had been predicted to trigger outages and add to pressure on power bills.
European natural gas prices started the new year declining as mild weather curbed demand.
Expert eyes are starting to turn to Christmas 2023, as Europe has kept the lights on through this festive period despite an energy crisis that has gripped the continent for more than a year.
The head of Scotland’s renewables trade body took aim at government proposals to cap revenues from clean energy generators in a bid to reduce the impact of high energy prices on consumers.
Westminster is rolling out new powers in a bid to severe the link between the price of gas and renewables.
European natural gas prices extended declines as mild weather and ample stockpiles ease concerns about shortages.
With gas prices now more than five times the cost of a barrel of North Sea benchmark Brent Blend, the outlook for energy across Europe including the UK, is shocking.
Petrol prices at the pump are set to fall but the price of gas for home heating is likely to stay high, new analysis has revealed.
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
North Sea gas production could protect customers from future price hikes, according to an industry body, as millions today face an increase in energy bills.
Trade body Oil and Gas UK (OGUK) says its autumn “snapshot” reinforces the case for a North Sea transition deal to ensure the industry can “build back better” from Covid-19.