Ukraine crisis

The latest news and analysis following Russia's invasion of Ukraine.

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Liz Truss has said the government is investigating energy sanctions on Russia in response to its invasion of Ukraine. During a House of Commons debate on Monday (28 February), the foreign secretary said the government is looking at ways to cut the “free world’s dependence” on Russian gas and deprive the country’s president Vladimir Putin of his “key source” of revenue.
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Centrica has announced it is cutting ties with Russian state-owned energy company Gazprom following the invasion of Ukraine. Group chief executive Chris O'Shea said it intends to terminate its gas supply agreements with Russian counterparts "as a matter of urgency."
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No-one should be “fooled into thinking” that shipments of liquefied natural gas (LNG) can be relied upon to solve Europe’s looming energy crunch, a committee of peers has been warned. During the latest session of the House of Lords Economic Affairs Committee’s inquiry into energy and investment, which took place on Tuesday afternoon (1 March), witnesses were quizzed on the affordability and reliability of supplies in the light of the ongoing Russian invasion of Ukraine.
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Latest in Ukraine crisis

Industry analysts have predicted that the price cap on default tariffs will rise to £2,980 when the next period begins in October. This would represent an increase of more than £1,000 - or 51% - over the current record-high level of £1,971.
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Centrica and Equinor have struck a deal to deliver an additional 1 billion cubic meters of gas to the UK for each of the next three winters. Britain currently imports around a third of its gas requirements from Norway and Centrica said the deal “underlines the strategic importance of the Norwegian relationship to UK energy security”.
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Ofgem boss Jonathan Brearley has told MPs the regulator expects the price cap to increase by more than £800 this October as the war in Ukraine continues to exacerbate the energy crisis. Appearing before the Business, Energy and Industrial Strategy Committee on Tuesday (24 May), both Brearley and former Ofgem chief executive Dermot Nolan apologised for not intervening in the retail market sooner to prevent widespread supplier failures.
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The inaugural UK Utilities Risk Report, from Utility Week and Marsh, highlights the key issues keeping sector leaders awake at night. From cybersecurity to policy and regulatory blockers, extreme weather and price volatility, this report presents a snapshot of the key concerns for utilities.
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Support for the UK’s 2050 emissions eradication drive has increased since the outbreak of the Ukraine war, according to new polling, which also shows that working class Tory voters are more likely than average to back the net zero policy.
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Kwasi Kwarteng has claimed that the government is promoting onshore wind “aggressively and passionately” after being accused by Ed Miliband of caving into net zero sceptic backbench MPs by failing to back the technology more strongly in the government’s energy security strategy.
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Kwasi Kwarteng has expressed “surprise” at criticism that the government’s energy security strategy contained too little focus on energy efficiency, arguing that the matter was dealt with in last year’s Heat and Buildings Strategy. The business and energy secretary also gave reassurances that the UK is still planning to phase out coal generation by 2024, despite an expected resurgence over the coming winter.
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With a small gas network and the absence of a price cap, many Northern Ireland consumers saw their energy costs double in a fortnight at the start of 2022. Peter McClenaghan, director of infrastructure and sustainability for the Consumer Council for Northern Ireland, explains what impact this has had and the lessons for Great Britain’s energy market.
Opinion
An energy minister has admitted that the Treasury blocked further spending on energy efficiency in this week's security strategy. Speaking in the House of Lords on Thursday (7 April), Lord Callanan expressed regret that more money had not been found but said the government is already spending billions on insulation programmes.
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A third of people say they would be more likely to get an electric heat pump in order to help insulate the UK from Russian interference in the gas market, according to a new poll. This proportion rises to 49% among those living in those homes, which are ready to install a heat pump because they are  sufficiently well insulated.
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