Energy bills

The new demand response service offers financial incentives for users that voluntarily flex their electricity usage, in an effort to curb energy use.

A tax on excess profits could protect European households and businesses. Meanwhile, efforts to curb demand are paying dividends.

The UK government is to issue more than one hundred new oil and gas exploration licences as part of a package of measures to address the energy crisis but critics say low-carbon solutions and energy efficiency are the most effective way of improving energy independence.

A new study has found that government policies that help accelerate the energy transition to net zero will reduce future energy bills and create jobs while maintaining GDP growth in both advanced and developing economies.