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Ofgem has approved the Eastern Green Link 1 project, a £2 billion subsea and underground cable connecting Scotland and England. This initiative aims to enhance energy security, reduce consumer bills, and support the UK's green energy targets by transporting wind-generated electricity.
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As the UK braces for up to 15cm of snow, the Department for Work and Pensions has activated cold weather payments for eligible households. Approximately 10,000 people across 18 postcode areas, primarily in Cumbria and Northumberland, will receive a one-off payment of £25 for each seven-day period of sub-zero temperatures.
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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.
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Ofgem has announced a 1.2% increase in the energy price cap, raising the average household bill from £1,717 to £1,738 starting January 1, 2025. This marks the second increase in recent months, reflecting ongoing volatility in energy markets due to geopolitical tensions and supply issues.
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The UK government, led by Prime Minister Keir Starmer, is under fire for its decision to means-test winter fuel payments, potentially pushing 100,000 pensioners into poverty. The policy has sparked public outcry and concerns over the welfare of vulnerable elderly citizens as energy prices rise, with calls for judicial review from the Unite union.
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Starting January 1, 2025, the energy price cap will increase to £1,738, impacting millions of households. This rise coincides with cuts to winter fuel payments for pensioners, raising concerns about affordability during the cold months. Charities warn of increased hardship for vulnerable populations.
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As winter approaches, UK households are bracing for a 1.2% increase in energy bills, raising the average annual cost to £1,738. This marks a 65% rise since 2020-21, exacerbating the cost of living crisis and pushing many into fuel poverty.
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Daniel Kretinsky's bid to acquire Royal Mail's parent company, International Distribution Services, is nearing completion. The UK government is reviewing the deal under the National Security and Investment Act, with Kretinsky offering guarantees to address concerns about his alleged ties to Russia.
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As of December 2024, the UK grapples with a cost of living crisis, marked by inflation rising to 2.3% in October. Labour's first Budget aims to support households, but many face bleak economic realities, including rising poverty rates and cuts to winter fuel payments for pensioners.