France to block further natural gas and electricity price rises

France will move to ease the cost of rising prices for consumers by blocking further natural gas price hikes and by preventing a planned increase in electricity tariffs scheduled in February, Prime Minister Jean Castex said on Thursday.

“For natural gas and electricity, we’ll put in place what I would call a tariffs shield. We’re going to shield ourselves against those tariff hikes,” Castex told TF1 television. Source Reuters

Two more energy firms collapse as rocketing gas end electricity prices throw the market into chaos

Two more energy firms have ceased trading as rocketing wholesale gas and electricity prices push the majority of the UK’s smaller energy suppliers to the brink. Avro Energy and energy firm Green have both collapsed today putting hundreds of thousands of customers into limbo. Ofgem has reassured people affected that their energy supplies will continue. Source Wales Online