I spent some of August on trains across Europe, gazing out at vast swathes of parched earth, dwindled rivers and failing crops. Climate change was plainly in action across the entire continent. Then I glanced at social media to find the two individuals vying to become Prime Minister competing with each other to say
The price cap is to be set at £2,500 for two years from October onwards, Prime Minister Liz Truss has announced as part of a range of measures designed to address the energy crisis. “Decades of short-term thinking on energy has failed to focus enough on securing supply – with Russia’s war in Ukraine exposing
The UK’s general public is overwhelmingly supportive in building new wind and solar farms in order to tackle the ongoing cost of energy crisis, according to Survation. Identified within polling released by Survation and commissioned by RenewableUK, the data showcased that almost every constituency in the UK is in favour of developing renewable generation sites
It is hotter than ever. The country is tinder-dry. There were more wildfires in the single month of July than during all of last year. During the recent heatwave, temperatures exceeded 40C and scores of houses burnt down on the edge of London. Another damaging heatwave is on its way. Water restrictions are now in force. These catastrophic climate conditions have been knowingly fuelled
The Inflation Reduction Act took a significant step forward over the weekend as US vice-president Kamala Harris cast a decisive vote to break a 50:50 tie of Senators to pass the legislation. Emerging late last month the deal, negotiated largely in the background by Senate Majority Leader Chuck Schumer and long-time holdout on Build Back Better, West
Some businesses will face energy bills five times higher than they’re currently paying from October, according to new analysis from Cornwall Insight. Energy bills for businesses have surged over the last 15 months and particular through the first half of 2022 as wholesale prices have spiked due to concerns over Russian gas supply, tight electricity markets in
Wind farms paying back through the Contracts for Difference (CfD) scheme due to high power prices could now pay back £25 to each household from this October. According to new analysis from the Energy and Climate Intelligence Unit (ECIU), the process for these payments reaching bills was previously unclear and the benefits delayed. But a
The Default Tariff Cap is now predicted to stay above £3,000 a year for the next 15 months, according to the most recent forecast from Cornwall Insight. Continued market volatility amid concerns over the security of gas going into winter, in particular following the Russian invasion of Ukraine, have led to further jumps in price cap
Ofgem has announced today (26 August) it will increase the energy price cap to £3,549 per year for dual fuel for an average household once in effect from 1 October 2022. The increase reflects growing concerns around the global wholesale gas market with prices expected to surge in the winter months. High wholesale prices
No single crisis, no matter how existential, will be enough to shut this machine down naturally. We must break it or it will break us It is useful to think of capitalism as a robotic savant, spectacularly gifted at doing one thing and cripplingly blind to everything else. Global capitalism is an incredible machine for