Resolve Energy News

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Germany has had to dip into gas storage due to a lack of supplies

Germany has had to dip into gas storage due to a lack of supplies

Since Russia cut gas supplies to Germany last week, the country has been struggling. The Russian supplier Gazprom shut down Nord Stream 1, which is used for gas flow between Russia and the EU. Since this shutdown last week German suppliers have been struggling and have had to draw out gas from storage. This gas supply is supposed to be to help the country get through the winter. Germany’s...

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Nord stream one closure leads Europe to  fear the worst

Nord stream one closure leads Europe to fear the worst

Last week Russia announced closures that would take place with the Nord Stream 1 pipeline. This pipeline connects Russia and Germany in which Russia supplies gas to the continent. Leaders across the EU began to see this as a political challenge from Russia to upset their energy markets and drive-up prices. On Monday Russia stopped gas flow to Europe through the pipeline for the scheduled...

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A new energy security law should protect the UK against price rises

A new energy security law should protect the UK against price rises

A new energy security bill is coming into government according to Kwasi Kwarteng that will help Britain phase into energy independence and could conceal consumers from high prices in the future. In the bill there will be 26 measures that will ensure that we are not held hostage to volatile markets by other countries. This will also allow the UK to accelerate their plans to create a clean and...

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Norwegian oil and gas strike

Norwegian oil and gas strike

Offshore workers across Norway have gone on strike this week causing, major energy firm Equnior to shut down three oil fields. Production from these three fields is around 89,000 barrels of oil. The UK have just signed a new deal to receive more supplies from Norway, therefore these strikes are likely to affect our market. Luckily the strikes only lasted for a short while as the Norwegian government...

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New rules coming in for Energy supplier for direct debit customers

New rules coming in for Energy supplier for direct debit customers

The energy regulator Ofgem have decided to introduce tighter rules for energy suppliers when it comes to debit payments. The energy regulator has found that some suppliers seem to be taking a liberty with customers accumulated credit, therefore a tightening of the rules will ensure credit balances do not become excessive. Ofgem have also stated that they want to introduce plans to protect...

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Oil prices could become even more expensive if Russia further reduces supplies

Oil prices could become even more expensive if Russia further reduces supplies

Energy analysts have spoke out saying that if further sanctions are placed on Russia, it could have catastrophic implications on the UK energy market. When Russia invaded Ukraine, sanctions were imposed on them by western countries to reduce the resources and funding they had coming into their country. This has led Russia to retaliate by reducing supplies or putting prices up over the past...

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