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Some of Europe’s highest energy costs expected in Britain this winter

Official forecasts show country will meet energy demand by paying high prices to secure imports

Great Britain is expected to pay some of the highest energy costs in Europe this winter as its reliance on imports to ensure a steady supply is forecast to deepen.

Energy system operators have said the country will have enough gas and electricity to meet demand over the coldest months – in part because of paying higher market prices than neighbouring markets to secure imports.

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© Photograph: Shomos Uddin/Getty Images

© Photograph: Shomos Uddin/Getty Images

© Photograph: Shomos Uddin/Getty Images

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Some of Europe’s highest energy costs expected in Britain this winter

Official forecasts show country will meet energy demand by paying high prices to secure imports

Great Britain is expected to pay some of the highest energy costs in Europe this winter as its reliance on imports to ensure a steady supply is forecast to deepen.

Energy system operators have said the country will have enough gas and electricity to meet demand over the coldest months – in part because of paying higher market prices than neighbouring markets to secure imports.

Continue reading...

© Photograph: Shomos Uddin/Getty Images

© Photograph: Shomos Uddin/Getty Images

© Photograph: Shomos Uddin/Getty Images

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‘From liabilities to goldmines’: refineries eye record profits from diesel shortage

Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices

Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027.

Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia – once the world’s second-largest diesel exporter behind the US.

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© Photograph: Martin Meissner/AP

© Photograph: Martin Meissner/AP

© Photograph: Martin Meissner/AP

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