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Energy
WTI above $71 amid Fed rate cut optimism
U.S. crude oil rose above $71 per barrel on Tuesday, as optimism grows that the Federal Reserve will cut interest rates this week and production is still disrupted in the Gulf of Mexico."Supply disruptions are making their mark,…
Energy consultants respond to proposed regulation changes
The UK Government has introduced new regulatory proposals aimed at increasing transparency and consumer protection in the energy market.The government’s plans, designed to increase consumer protection and transparency in the energy…
WTI rises more than 1% after Fed rate cut
U.S. crude oil rose more than 1% on Thursday, one day after the Federal Reserve slashed interest rates for the first time in more than four years and as tensions in the Middle East continued to escalate.The Fed surprised the market on…
Ofgem acts to protect customers when suppliers go bust
Ofgem has announced updates to the Supplier of Last Resort (SoLR) policy aimed at reducing the financial impact of future energy supplier failures on consumers.When an energy company goes under, the SoLR policy ensures that its customers…
WTI, Brent lower as Fed cuts rates
Oil prices closed slightly lower Wednesday, snapping a two-day winning streak even after the Federal Reserve cut interest rates for the first time in years.The central bank slashed rates by a half point, a bigger move than many had…
‘Ineffective’: Ofgem criticises ESO’s grid connections plan
The UK energy regulator, Ofgem, has expressed concerns about a plan by the Electricity System Operator (ESO) aimed at accelerating the connection of renewable projects to the national grid.Ofgem’s criticism, outlined in an open letter,…
Crypto spend on election hits $190 million, led by Winklevoss twins
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4,…
National Grid agrees £630m sale of ESO to UK Government
National Grid has announced it has reached an agreement with HM Government to sell its Electricity System Operator (ESO) for £630 million.The final cash amount will be adjusted for standard closing items, including timing…
Bitcoin network hits record hash rate, profits falling for miners
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee.Jon Cherry | Getty ImagesIt was a week of extremes for bitcoin enthusiasts. On the plus side, the…
Customers to win cash with new solar and EV battery trial
A new trial aims to help solar panel owners save money and cut carbon emissions by using their electric vehicle (EV) batteries as storage.EDF is testing this approach, which lets users store extra solar power in their EV batteries.The…