Energy Costs

The world is rapidly moving towards sustainable energy sources as governments, businesses, and individuals recognise the need to reduce emissions.

Prices are rising, and so are profits. The impending energy crisis is dominating headlines across the UK, with bills predicted to rise to more than £4,000 for households.

Eurozone inflation hit a new record high of 8.9% year-on-year in July, according to the EU’s statistics office.

Oil giant BP has reported a quarterly profit exceeding $4 billion alongside annual profits at an eight-year high as the company benefits from a surge in global energy prices.

Average yearly UK household energy bills are expected to rise by £693 to £1,971 in April as the energy regulator Ofgem announces a 54% energy price cap increase amid rocketing oil and gas prices.