How Liz Truss’s energy cost freeze could affect what you pay for heat, power and even other goods and services.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
Why UK energy rationing is increasingly likely this winter, whether Truss likes it or not.
UK businesses are also suffering from the rising cost of living and doing business.
Hopes that prices will ease are probably wishful thinking.
The cap prevents energy retailers from making excessive profits, but places no restrictions on other parts of the supply chain.
Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.
The Australian Domestic Gas Security Mechanism may have serious unintended consequences if used, potentially breaching trade and investment treaties.
None will address prices immediately. For now, the best option to keep warm this winter without breaking the bank is to shop around for the best electricity deals.
A digest of the week’s coverage of the war against Ukraine.
Our coal-fired generators are failing, Russia’s invasion of Ukraine has made the gas that fires the generators that are replacing them expensive, and it’s suddenly got cold.
Allowing the sale of gasoline that’s 15% ethanol year-round won’t have much impact on gas prices, but recent research shows that growing corn for fuel affects the climate – for the worse.
More than 6 million UK households may now be unable to heat their homes.
The total release could reach 180 million barrels over six months, which would make it the biggest in the history of the Strategic Petroleum Reserve.
Over-reliance on sanctions and economic warfare measures have led to strategic complacency and the avoidance of negotiations on the part of the western governments.
People can act collectively to lower their energy use in an emergency.
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.
New relationships between energy, geopolitical security and climate change policy flowing from the invasion of Ukraine are beginning to emerge, and the implications could be enormous.
The threat of sanctions may have little effect.
A home energy efficiency drive can shield households from mounting gas and electricity bills.