Austria's OMV has ceased gas imports from Gazprom following a €230 million arbitration award. The cutoff, effective November 16, 2024, comes amid Austria's assurances of secure alternative energy supplies for the winter. This decision reflects ongoing tensions in European energy relations post-Ukraine invasion.
Starting January 1, 2025, the average UK household will see their energy bills increase to £1,738 annually, marking a £21 rise from the previous cap. This follows a 10% increase in October, raising concerns about affordability during winter months.