Jillian Ambrose

1 week ago | theguardian.com | Jillian Ambrose

Wealthier households could be made to shoulder higher costs for running and upgrading the UK’s network of energy cables and pipes to help low-income bill payers under new plans to be considered this summer. The proposals could mean that high-income households will pay more via the standing charge on their energy bills, while those who are not in work or are on low pay are charged a discounted rate.

1 week ago | msn.com | Jillian Ambrose

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.

1 week ago | theguardian.com | Jillian Ambrose

The world will use less crude oil than expected this year due the “substantial risks” posed by Donald Trump’s trade tariffs to the global economy, according to the global energy watchdog. The International Energy Agency slashed its forecasts for global oil demand growth by a third for the year ahead, and warned that it could make further downward revisions depending on whether a trade war develops.

1 week ago | theguardian.com | Jillian Ambrose

Octopus Energy has rallied thousands of its small business customers to back an overhaul of Great Britain’s electricity market. The largest energy supplier in Britain and more than 3,700 of its customers wrote to the Treasury last week calling for an immediate introduction of postcode electricity pricing. Ministers are preparing to make a decision on the highly divisive debate over whether to divide England, Wales and Scotland’s electricity market into different zones.

1 week ago | theguardian.com | Jillian Ambrose

The UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash. UK Treasury officials are understood to be actively considering plans to lower the $60 (£46) a barrel cap on Russian oil exports after the market plunged to $59.77 a barrel for the first time in more than four years this week.