Others are on a high
Save time by listening to our audio articles as you multitaskGroup . They are facing billions in losses as a result of Russia’s decision to curtail supplies of gas in response to Western sanctions over its invasion of Ukraine in February. In order to meet their obligations to customers, the power companies must cover the shortfall by buying the fuel at exorbitant cost in the spot market.
A humbled Mr Habeck has vowed to look for ways to adjust the levy to avoid benefiting undeserving firms.has pledged not to take advantage of the scheme. Still, the episode illustrates the topsy-turvy state of Europe’s energy markets, where some companies are asking for bail-outs while others stand accused of price gouging and threatened with windfall taxes on excess profits.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paralysed Shrewsbury man to take on gruelling world marathon challenge and inspire othersDarren Edwards is aiming to become the first-ever wheelchair user to attempt the 777 World Marathon Challenge – completing seven marathons in seven days across seven continents. He's doing it to raise money for the Armed Forces Para-Snowsport Team.
Read more »
These youngsters put health of others first, meet our Who Cares Wins nomineesOFTEN we think of children as the ones in need of help, but these youngsters have been doing the helping – and making a huge difference. They go above and beyond to make sure that the people …
Read more »
Four sentenced over £260k tax fraud conspiracyOne man has been jailed and three others sentenced over the false tax claims linked to a construction business
Read more »
Furious mum slapped with £100 fine after parking in parent and child bayFurious Preston mum slapped with fine and threatened with debt collectors after parking inches outside parent and child bay
Read more »
School meals: More NI schools offering free meals to pupilsSome schools in Northern Ireland are opting to provide more free meals for pupils in response to the costofliving crisis FreeSchoolMeals
Read more »