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MPs call for energy bill help to stave off winter crisis
... So Energy firms have expanded customer service teams and set up specialist teams " to deal with the most challenging cases"...
Why Singapore is the only place in the world selling lab-grown meat
... In theory, reducing the world s reliance on land and livestock for meat production should reduce carbon emissions, but at the moment the advanced technology needed to create cultivated meat is So Energy intensive that it cancels out any benefits...
Cost of living: Energy suppliers failing to help vulnerable customers - report
... Five suppliers - Good Energy, Outfox, So Energy, Tru Energy and Utilita - were found to have " severe weaknesses" which prompted a strong response from some firms...
Rise in energy firms remotely switching homes to prepay meters
... The BBC contacted British Gas, Ovo-SSE, Scottish, EDF, Eon-Next, Shell, Octopus, Bulb, Utilita & So Energy...
UK to borrow billions to cut energy bills
... However, the government is understood to be reluctant to see money added to customer bills for up to 20 years So Energy companies could pay back the loans...
Energy suppliers told to review soaring direct debits
... " British Gas, EDF, Scottish Power and So Energy were given a clean bill of health...
The shortages hitting countries around the world
... These costs can t be passed on to Chinese consumers because of a strict price cap, So Energy companies are reducing output...
Cultured lab meat may make climate change worse
... It may well be that these things are So Energy efficient that it would simply be replacing a high-impact activity with a low one, said Dr Lynch...
UK to borrow billions to cut energy bills
Prime Minister Liz Truss is understood to be planning to borrow billions to limit the expected sharp rise in energy bills for households and firms.
Currently, a typical household's gas and electricity bill is due to rise from £1,971 to £3,549 in October.
The government is understood to be planning to pay energy firms to subsidise bills so that customers will not be expected to repay the support.
It's thought The Plan would see over £100bn added to government borrowing.
However, the ultimate figure will depend on gas and energy Price movements in the highly volatile international energy markets.
It is unclear how long the government support will last.
Ms Truss has pledged to " deliver on the energy crisis" - with details expected to be announced on Thursday.
Energy bosses have insisted for some time that a government-backed superfund from which they could borrow to subsidise bills " is the only game in town".
However, the government is understood to be reluctant to see money added to customer bills for up to 20 years So Energy companies could pay back the loans.
It is also thought to be reluctant to add the cost to general taxation given their pledges to be a tax cutting government.
Kwasi Kwarteng - tipped to be the new Chancellor - has already indicated the government is prepared to borrow to support the economy.
This would be consistent with Ms Truss' position that the UK needs to Break Free of the Treasury's strict spending rules.
Nevertheless, the estimated £100bn is a sizeable sum to borrow at the same time as cutting taxes and boosting spending on defence.
Government sources say that over time, New Energy supply measures - Such as cutting The Link between renewable sources and the gas Price - will lower costs while a growing economy will shrink the proportion of overall debt to the size of the economy.
Help for firmsBusinesses are also expected to be offered some relief in The Plan set to be announced on Thursday.
Unlike households, businesses are not protected by an energy Price cap. Many fixed-rate deals for business expire this October, exposing thousands of firms to full costs that could rise by four or five times or more. Thousands would go bust or cut their wage bills by firing staff.
The precise mechanism to help business may be more complicated and would be reviewed more frequently but reports suggest it could see the government mandate energy firms to offer specific reductions on The Unit Price of the energy businesses use.
Including businesses could easily push the cost of the government's energy plan over £100bn.
Alex Veitch of The British Chambers of Commerce said: " It is encouraging that the government is seriously considering the support it can give to businesses during these very difficult times.
" But it remains to be seen whether these plans will go far enough in offering The Help that many firms so desperately need. "
Craig Beaumont from The Federation of Small Businesses said: " This commitment looks very promising, and arguably The Best reassurance that small businesses need that some form of help with bills will Follow - not just for households.
" The Scope and reach of The Help is going to be absolutely crucial to save hundreds of thousands of small businesses this winter. "
Source of news: bbc.com
