Tag #Energy Prices

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dailymail.co.uk

🌐 75% Global Worthiness

May 19, 16:08

UK Energy Price Cap to Fall 7% to £1,720 in July

Cornwall Insight predicts a July UK energy price cap of £1,720, a 7% reduction from £1,849, due to wholesale market changes; however, global economic uncertainty and market volatility necessitate ongoing government support and long-term market reforms.

UK Energy Price Cap to Fall 7% to £1,720 in July

Cornwall Insight predicts a July UK energy price cap of £1,720, a 7% reduction from £1,849, due to wholesale market changes; however, global economic uncertainty and market volatility necessitate ongoing government support and long-term market reforms.

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Affordable and Clean Energy

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What is the predicted impact of the July Ofgem price cap reduction on UK households' energy bills?

The Ofgem-set energy price cap in the UK is predicted to fall to £1,720 in July, a 7% decrease from the current £1,849. This translates to 25.61p/kWh for electricity and 6.2p/kWh for gas. Households could save significantly by switching from standard variable tariffs to fixed deals.

zeit.de

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May 16, 07:13

East German Businesses Doubt Government's Growth Policies

A survey of 1,500 East German companies reveals that 58.2% doubt the new government's ability to boost economic growth, citing bureaucracy and high energy prices as major concerns; the study, conducted by Civey for "Deutschland – Land der Ideen" and Deutsche Kreditbank AG, highlights a significant c...

East German Businesses Doubt Government's Growth Policies

A survey of 1,500 East German companies reveals that 58.2% doubt the new government's ability to boost economic growth, citing bureaucracy and high energy prices as major concerns; the study, conducted by Civey for "Deutschland – Land der Ideen" and Deutsche Kreditbank AG, highlights a significant c...

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Decent Work and Economic Growth

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What is the primary concern of East German businesses regarding the new government's economic policies, and what are the immediate implications?

A recent survey reveals that 58.2% of East German companies doubt the new German government's ability to stimulate economic growth. The survey, conducted between March 3rd and April 26th, 2025, polled 1,500 private companies with at least 10 employees across several East German states. Key concerns include bureaucracy (cited by 68%) and high energy prices (54.4%).

smh.com.au

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May 15, 22:14

Victoria to force cheaper energy deals for consumers

The Essential Services Commission in Victoria proposes new rules to force electricity and gas companies to offer better deals to customers on expensive plans, saving an estimated \$16.8 million for 135,000 customers and potentially millions more from eliminating the "loyalty tax" on older contracts.

Victoria to force cheaper energy deals for consumers

The Essential Services Commission in Victoria proposes new rules to force electricity and gas companies to offer better deals to customers on expensive plans, saving an estimated \$16.8 million for 135,000 customers and potentially millions more from eliminating the "loyalty tax" on older contracts.

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Reduced Inequality

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How do the proposed regulations aim to address the issue of customers being charged higher tariffs than necessary?

The Essential Services Commission estimates that these reforms will save Victorian households an average of \$225 per year on electricity and \$182 on gas. This follows a finding that over 60 percent of customers were not on their retailer's best offer in the last financial year. The commission argues that these measures will create a fairer market.

elmundo.es

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May 14, 13:15

Spain's Inflation Moderates in April

Spain's April inflation rate fell to 2.2 percent year-on-year, the lowest since October 2024, due to lower gas, electricity, and fuel prices; however, underlying inflation rose to 2.4 percent.

Spain's Inflation Moderates in April

Spain's April inflation rate fell to 2.2 percent year-on-year, the lowest since October 2024, due to lower gas, electricity, and fuel prices; however, underlying inflation rose to 2.4 percent.

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What caused Spain's April inflation rate to fall to its lowest level since October 2024?

Spain's April inflation rate fell to 2.2 percent year-on-year, the lowest since October 2024, primarily due to lower gas, electricity, and fuel prices. This is a significant decrease from the previous month and represents a moderation of inflationary pressures.

theguardian.com

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May 9, 13:19

UK Energy Suppliers to Pay £7 Million for Overcharging Customers

Ten UK energy suppliers will pay £7 million in compensation and refunds to over 34,000 customers for overcharging them on standing charges between January 2019 and September 2024 due to errors in billing customers with multiple electricity meters, exceeding Ofgem's price cap.

UK Energy Suppliers to Pay £7 Million for Overcharging Customers

Ten UK energy suppliers will pay £7 million in compensation and refunds to over 34,000 customers for overcharging them on standing charges between January 2019 and September 2024 due to errors in billing customers with multiple electricity meters, exceeding Ofgem's price cap.

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How many customers were affected by the erroneous overcharging, and what specific types of meters were involved?

This incident highlights a systemic issue with the accuracy of energy billing practices among UK suppliers. The errors, affecting customers with multiple electricity meters, demonstrate the need for improved processes to ensure compliance with Ofgem's price cap. The significant number of affected customers and the total compensation amount (£7 million) underscore the scale of the problem.

taz.de

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May 6, 16:15

High District Heating Costs in Germany Spark Debate Over Price Regulation

German consumer protection groups are criticizing high district heating costs, averaging €0.17 per kilowatt-hour but exceeding €0.20 in a quarter of networks, compared to €0.12 for natural gas, demanding price regulation which is opposed by industry groups due to necessary investments for climate-fr...

High District Heating Costs in Germany Spark Debate Over Price Regulation

German consumer protection groups are criticizing high district heating costs, averaging €0.17 per kilowatt-hour but exceeding €0.20 in a quarter of networks, compared to €0.12 for natural gas, demanding price regulation which is opposed by industry groups due to necessary investments for climate-fr...

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What are the key cost disparities between district heating and other heating options in Germany, and what are the immediate implications for consumers?

In Germany, many homeowners face high costs for district heating, with some paying over €0.20 per kilowatt-hour, significantly more than the average €0.12 for natural gas. This disparity is criticized by consumer protection groups, who highlight the lack of provider choice and call for price regulation.

faz.net

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May 18, 22:09

East German Economic Forum Demands Urgent Government Action

The Eastern German Economic Forum in Bad Saarow convened, with leaders like Manuela Schwesig (SPD) and Ulrike Malmendier calling for immediate government action to address three years of economic stagnation, particularly focusing on energy prices, investment, bureaucracy reduction, and immigration t...

East German Economic Forum Demands Urgent Government Action

The Eastern German Economic Forum in Bad Saarow convened, with leaders like Manuela Schwesig (SPD) and Ulrike Malmendier calling for immediate government action to address three years of economic stagnation, particularly focusing on energy prices, investment, bureaucracy reduction, and immigration t...

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Decent Work and Economic Growth

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What immediate actions must the new German federal government take to address the three consecutive years of economic stagnation in East Germany?

The Eastern German Economic Forum in Bad Saarow opened with a call to action for the new federal government. Three consecutive years without economic growth prompted Mecklenburg-Vorpommern's Minister President Manuela Schwesig (SPD) to stress the urgency of the situation, highlighting the East's heightened sensitivity to economic development and the need for swift government action.

kathimerini.gr

🌐 75% Global Worthiness

May 16, 01:13

Opaque Costs in Greece's Electricity Market to Reach €500 Million in 2025

Greece's energy market design is imposing €500 million in hidden costs on consumers in 2025 due to a flawed system that charges conventional power plants at high balancing market rates even when needed for grid stability, creating a €1 billion projected cost for consumers in 2025.

Opaque Costs in Greece's Electricity Market to Reach €500 Million in 2025

Greece's energy market design is imposing €500 million in hidden costs on consumers in 2025 due to a flawed system that charges conventional power plants at high balancing market rates even when needed for grid stability, creating a €1 billion projected cost for consumers in 2025.

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What is the immediate financial impact of Greece's electricity market design on consumers and businesses?

The flawed Greek electricity market model is transferring opaque costs to businesses and households, projected to reach €500 million in 2025. This is according to EVIKEN, representing energy-intensive industries, who report that balancing market prices have more than doubled in the last year.

sueddeutsche.de

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May 14, 04:12

Merz's Government Plans 40-Hour Work Week and Economic Restructuring

Germany's new Chancellor, Friedrich Merz, announced plans for a 40-hour work week, economic stimulus, and increased international engagement, while facing challenges with EU regulations and domestic economic conditions.

Merz's Government Plans 40-Hour Work Week and Economic Restructuring

Germany's new Chancellor, Friedrich Merz, announced plans for a 40-hour work week, economic stimulus, and increased international engagement, while facing challenges with EU regulations and domestic economic conditions.

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Decent Work and Economic Growth

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How will Chancellor Merz's planned 40-hour work week and economic policies impact German workers and the nation's competitiveness?

Germany's new Chancellor, Friedrich Merz, plans to implement a 40-hour work week, reversing previous trends and aiming to boost national competitiveness. He also prioritizes lowering energy prices and reducing bureaucracy. His government faces immediate challenges including the Ukraine conflict and managing the country's finances.", A2="Merz's emphasis on increased work hours and efficiency reflects a shift away from work-life balance policies, potentially impacting worker satisfaction and productivity. Simultaneously, his administration is attempting to balance fiscal responsibility with infrastructure investment and economic stimulus, risking potential conflicts with EU regulations. The government's actions aim to strengthen Germany's international standing while addressing domestic economic challenges.", A3="The success of Merz's plan hinges on navigating the tension between economic growth and social welfare. His focus on swift implementation of the 40-hour work week and fiscal measures could determine Germany's economic trajectory and impact international relations. Resistance from labor unions and the potential for EU sanctions pose significant risks.", Q1="How will Chancellor Merz's planned 40-hour work week and economic policies impact German workers and the nation's competitiveness?", Q2="What are the potential consequences of Germany's large infrastructure investment plan on its relationship with the European Union?", Q3="What are the long-term implications of Merz's foreign policy initiatives for Germany's role in Europe and its relationship with the United States?", ShortDescription="Germany's new Chancellor, Friedrich Merz, announced plans for a 40-hour work week, economic stimulus, and increased international engagement, while facing challenges with EU regulations and domestic economic conditions.", ShortTitle="Merz's Government Plans 40-Hour Work Week and Economic Restructuring"))

welt.de

🌐 75% Global Worthiness

May 13, 16:11

Saxony-Anhalt Demands Urgent Economic Policy Shift

Saxony-Anhalt's Minister of Economic Affairs, Sven Schulze (CDU), calls for a rapid change in the new federal government's economic policy due to high energy prices and the struggling automotive supplier industry, while opposition parties criticize the government's approach and offer alternative sol...

Saxony-Anhalt Demands Urgent Economic Policy Shift

Saxony-Anhalt's Minister of Economic Affairs, Sven Schulze (CDU), calls for a rapid change in the new federal government's economic policy due to high energy prices and the struggling automotive supplier industry, while opposition parties criticize the government's approach and offer alternative sol...

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What immediate actions are being proposed to address the economic challenges faced by German businesses, particularly in Saxony-Anhalt?

We need to get back to a point where businesses are successful because they are based in Germany, not despite being based in Germany." This statement by Saxony-Anhalt's Minister of Economic Affairs, Sven Schulze (CDU), highlights the urgent need for a change in German economic policy. He plans to hold an automotive supplier summit next week to address the industry's need for support, reflecting the immediate crisis facing the sector.

theguardian.com

🌐 75% Global Worthiness

May 9, 16:19

EDF Launches Cheapest Fixed Energy Tariff, Saving Households £300

EDF Energy launched its cheapest fixed energy tariff since 2021, priced at £1,549 for average dual-fuel customers, £300 less than the current Ofgem price cap, highlighting increased competition and savings for British households.

EDF Launches Cheapest Fixed Energy Tariff, Saving Households £300

EDF Energy launched its cheapest fixed energy tariff since 2021, priced at £1,549 for average dual-fuel customers, £300 less than the current Ofgem price cap, highlighting increased competition and savings for British households.

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What is the immediate impact of EDF's new fixed energy tariff on British households?

EDF Energy has launched a fixed-rate energy tariff priced at £1,549, £300 below the current Ofgem price cap of £1,849. This represents the cheapest fixed tariff from a major supplier since 2021, offering significant savings for consumers. The deal is available until Sunday, 11:59 pm.

zeit.de

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Apr 21, 10:09

German Heating Costs Surge 23% Due to Cold Weather and VAT Increase

German gas heating costs rose 23% this past heating season due to colder weather and VAT reinstatement, averaging €1,858 per single-family home; oil heating costs increased slightly, while the new GEG aims for a shift to greener alternatives.

German Heating Costs Surge 23% Due to Cold Weather and VAT Increase

German gas heating costs rose 23% this past heating season due to colder weather and VAT reinstatement, averaging €1,858 per single-family home; oil heating costs increased slightly, while the new GEG aims for a shift to greener alternatives.

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How did the increase in heating costs for oil differ from that of gas, and what factors contributed to these variations?

The increase in heating costs is a direct consequence of a colder-than-average winter requiring 11% more heating and the return to the full VAT rate on natural gas. While oil heating costs saw a slight 1% increase overall, this was offset by lower oil prices, although this varied based on the timing of oil orders.

Showing 49 to 60 of 186 results