Fujitsu has opened a £44m energy-efficient data centre in the UK which it says will contribute towards saving enough electricity each year to power up to 6,000 homes. The centre was announced last August and is designed to address the shortage of data storage in London. Located 35 miles from the capital, the site will… Continue Reading »
Read More →Businesses across the country are heading into annual negotiations with their power suppliers, facing the prospect of a 100% rise in their annual bills. About half of UK small and mid-sized firms strike annual energy contracts that expire in October, and are beginning to enter talks about new deals. Wholesale electricity prices for this winter… Continue Reading »
Read More →BG Group Plc, the U.K.’s third- largest oil and gas producer, said oil prices are too high to be sustained. “The current prices, if you look at the underlying long run marginal cost of oil production, are too high to be sustained,” BG Chief Executive Officer Frank Chapman told the Australian Broadcasting Corp. “There is… Continue Reading »
Read More →Homeowners could be forced to improve the energy efficiency of their properties under Government plans, it has been reported. Proposals to be announced in a renewable energy strategy next week include new powers requiring people to reduce their carbon footprint when they renovate their homes, a newspaper has claimed. It said one in four properties… Continue Reading »
Read More →Significant increases in gas and electricity prices are “very likely” in the coming period, energy minister Malcolm Wicks said. Mr Wicks put the blame for domestic energy price hikes on massive increases in the cost of oil, gas and coal on global markets. His comments came after reports that unnamed industry sources believe household energy… Continue Reading »
Read More →Household energy bills could increase by as much as 40% this winter, the BBC has learned, as oil and wholesale gas prices hit record highs. The increases could mean households paying £400 more a year on average for their gas and electricity, senior industry sources have said. The increase is far more than analysts have… Continue Reading »
Read More →Consumers could be hit by energy price rises of up to 40 per cent this year as power companies struggle to maintain profitability in the face of a trebling in wholesale gas prices. Leading market analysts said yesterday that an increase of that magnitude would drive average UK energy bills from £1,048 at present to… Continue Reading »
Read More →According to a recent report gas prices in Britain are rising faster than almost any other Western European destination, with officials stating that foreign suppliers are rationing our gas supplies and effectively driving price up. Both gas and electricity prices went up earlier this year by a significant amount, sending domestic household bills soaring in… Continue Reading »
Read More →Crude oil fell as the rising U.S. dollar reduced the appeal of commodities as a hedge against the currency. Oil, gold and copper declined as the dollar gained for the third time in four days against the euro and yen on speculation rising U.S. retail sales will support the Federal Reserve’s case for raising interest… Continue Reading »
Read More →Italian energy group Eni is paying £210m to take control of a North Sea field which it plans to turn into Britain’s biggest gas storage facility. Eni is buying Tullow Oil’s 52% stake in the Hewett Unit field, taking its overall stake to 89%. The deal comes as the latest estimates on energy supplies for… Continue Reading »
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