Former Bp Boss Urges Uk Energy Price Cap Freeze To Help Households Ofgem

Nick Butler, who worked for BP for nearly 30 years and was group vice-chairman of strategy and development, said the expected increases in the cap should be abandoned by industry regulator Ofgem, which said had been “overwhelmed by events” after Turmoil in global energy markets sent 29 British energy retailers to the wall. Butler is also calling for a “forensic review” of the remaining suppliers’ accounts to ensure they are still viable businesses. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Ofgem is expected to announce next week an increase in the price cap, which is supposed to protect consumers. This could mean annual bills rising from £1,971 on average to £3,582. Butler, who was a senior policy adviser to Gordon Brown, echoed the former prime minister’s view that energy companies that cannot offer lower bills should be renationalised. Writing for the Guardian, Butler said: “As with the financial sector in 2008, if the private energy sector fails to meet the needs of the society it serves, its functions must and will be taken over by government. The companies taking part now need to show that they understand that they need to use their skills and resources in the public interest.” Butler’s comments come as the government assesses options to help households facing rising energy bills this winter. His former employer, BP, has been accused of “unbridled speculation” during the energy crisis, aided by a surge in wholesale oil and gas prices caused in part by Russia’s invasion of Ukraine. BP and other North Sea oil and gas operators have been hit by a windfall tax on profits aimed at generating £5bn. Labor proposed extending the levy to fund further support for consumers. Butler said the energy price cap freeze was “necessary but far from sufficient”, arguing the government and industry needed to take further steps to help struggling families, such as ending “harmful additives of charges imposed on those using prepaid meters”. “. Butler, who was the founding chairman of the policy institute at King’s College London and an energy policy adviser at Cambridge’s Cavendish Laboratory, also urged the government to secure extra gas supplies for the winter and to cut domestic consumption, such as had other European nations. He warned that if France and Norway decided to cut supplies to the UK this winter, there could be “real and substantial” shortages. “As we head into a new winter of discontent, the only hope is that the current crisis will drive us back to the substance and details of serious energy policy.”

title: “Former Bp Boss Urges Uk Energy Price Cap Freeze To Help Households Ofgem Klmat” ShowToc: true date: “2022-11-10” author: “Roland Tucker”

Nick Butler, who worked for BP for nearly 30 years and was group vice-chairman of strategy and development, said the expected increases in the cap should be abandoned by industry regulator Ofgem, which said had been “overwhelmed by events” after Turmoil in global energy markets sent 29 British energy retailers to the wall. Butler is also calling for a “forensic review” of the remaining suppliers’ accounts to ensure they are still viable businesses. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Ofgem is expected to announce next week an increase in the price cap, which is supposed to protect consumers. This could mean annual bills rising from £1,971 on average to £3,582. Butler, who was a senior policy adviser to Gordon Brown, echoed the former prime minister’s view that energy companies that cannot offer lower bills should be renationalised. Writing for the Guardian, Butler said: “As with the financial sector in 2008, if the private energy sector fails to meet the needs of the society it serves, its functions must and will be taken over by government. The companies taking part now need to show that they understand that they need to use their skills and resources in the public interest.” Butler’s comments come as the government assesses options to help households facing rising energy bills this winter. His former employer, BP, has been accused of “unbridled speculation” during the energy crisis, aided by a surge in wholesale oil and gas prices caused in part by Russia’s invasion of Ukraine. BP and other North Sea oil and gas operators have been hit by a windfall tax on profits aimed at generating £5bn. Labor proposed extending the levy to fund further support for consumers. Butler said the energy price cap freeze was “necessary but far from sufficient”, arguing the government and industry needed to take further steps to help struggling families, such as ending “harmful additives of charges imposed on those using prepaid meters”. “. Butler, who was the founding chairman of the policy institute at King’s College London and an energy policy adviser at Cambridge’s Cavendish Laboratory, also urged the government to secure extra gas supplies for the winter and to cut domestic consumption, such as had other European nations. He warned that if France and Norway decided to cut supplies to the UK this winter, there could be “real and substantial” shortages. “As we head into a new winter of discontent, the only hope is that the current crisis will drive us back to the substance and details of serious energy policy.”

title: “Former Bp Boss Urges Uk Energy Price Cap Freeze To Help Households Ofgem Klmat” ShowToc: true date: “2022-11-17” author: “Christine Kendrick”

Nick Butler, who worked for BP for nearly 30 years and was group vice-chairman of strategy and development, said the expected increases in the cap should be abandoned by industry regulator Ofgem, which said had been “overwhelmed by events” after Turmoil in global energy markets sent 29 British energy retailers to the wall. Butler is also calling for a “forensic review” of the remaining suppliers’ accounts to ensure they are still viable businesses. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Ofgem is expected to announce next week an increase in the price cap, which is supposed to protect consumers. This could mean annual bills rising from £1,971 on average to £3,582. Butler, who was a senior policy adviser to Gordon Brown, echoed the former prime minister’s view that energy companies that cannot offer lower bills should be renationalised. Writing for the Guardian, Butler said: “As with the financial sector in 2008, if the private energy sector fails to meet the needs of the society it serves, its functions must and will be taken over by government. The companies taking part now need to show that they understand that they need to use their skills and resources in the public interest.” Butler’s comments come as the government assesses options to help households facing rising energy bills this winter. His former employer, BP, has been accused of “unbridled speculation” during the energy crisis, aided by a surge in wholesale oil and gas prices caused in part by Russia’s invasion of Ukraine. BP and other North Sea oil and gas operators have been hit by a windfall tax on profits aimed at generating £5bn. Labor proposed extending the levy to fund further support for consumers. Butler said the energy price cap freeze was “necessary but far from sufficient”, arguing the government and industry needed to take further steps to help struggling families, such as ending “harmful additives of charges imposed on those using prepaid meters”. “. Butler, who was the founding chairman of the policy institute at King’s College London and an energy policy adviser at Cambridge’s Cavendish Laboratory, also urged the government to secure extra gas supplies for the winter and to cut domestic consumption, such as had other European nations. He warned that if France and Norway decided to cut supplies to the UK this winter, there could be “real and substantial” shortages. “As we head into a new winter of discontent, the only hope is that the current crisis will drive us back to the substance and details of serious energy policy.”

title: “Former Bp Boss Urges Uk Energy Price Cap Freeze To Help Households Ofgem Klmat” ShowToc: true date: “2022-11-15” author: “William Manville”

Nick Butler, who worked for BP for nearly 30 years and was group vice-chairman of strategy and development, said the expected increases in the cap should be abandoned by industry regulator Ofgem, which said had been “overwhelmed by events” after Turmoil in global energy markets sent 29 British energy retailers to the wall. Butler is also calling for a “forensic review” of the remaining suppliers’ accounts to ensure they are still viable businesses. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Ofgem is expected to announce next week an increase in the price cap, which is supposed to protect consumers. This could mean annual bills rising from £1,971 on average to £3,582. Butler, who was a senior policy adviser to Gordon Brown, echoed the former prime minister’s view that energy companies that cannot offer lower bills should be renationalised. Writing for the Guardian, Butler said: “As with the financial sector in 2008, if the private energy sector fails to meet the needs of the society it serves, its functions must and will be taken over by government. The companies taking part now need to show that they understand that they need to use their skills and resources in the public interest.” Butler’s comments come as the government assesses options to help households facing rising energy bills this winter. His former employer, BP, has been accused of “unbridled speculation” during the energy crisis, aided by a surge in wholesale oil and gas prices caused in part by Russia’s invasion of Ukraine. BP and other North Sea oil and gas operators have been hit by a windfall tax on profits aimed at generating £5bn. Labor proposed extending the levy to fund further support for consumers. Butler said the energy price cap freeze was “necessary but far from sufficient”, arguing the government and industry needed to take further steps to help struggling families, such as ending “harmful additives of charges imposed on those using prepaid meters”. “. Butler, who was the founding chairman of the policy institute at King’s College London and an energy policy adviser at Cambridge’s Cavendish Laboratory, also urged the government to secure extra gas supplies for the winter and to cut domestic consumption, such as had other European nations. He warned that if France and Norway decided to cut supplies to the UK this winter, there could be “real and substantial” shortages. “As we head into a new winter of discontent, the only hope is that the current crisis will drive us back to the substance and details of serious energy policy.”

title: “Former Bp Boss Urges Uk Energy Price Cap Freeze To Help Households Ofgem Klmat” ShowToc: true date: “2022-12-15” author: “Helen Smith”

Nick Butler, who worked for BP for nearly 30 years and was group vice-chairman of strategy and development, said the expected increases in the cap should be abandoned by industry regulator Ofgem, which said had been “overwhelmed by events” after Turmoil in global energy markets sent 29 British energy retailers to the wall. Butler is also calling for a “forensic review” of the remaining suppliers’ accounts to ensure they are still viable businesses. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Ofgem is expected to announce next week an increase in the price cap, which is supposed to protect consumers. This could mean annual bills rising from £1,971 on average to £3,582. Butler, who was a senior policy adviser to Gordon Brown, echoed the former prime minister’s view that energy companies that cannot offer lower bills should be renationalised. Writing for the Guardian, Butler said: “As with the financial sector in 2008, if the private energy sector fails to meet the needs of the society it serves, its functions must and will be taken over by government. The companies taking part now need to show that they understand that they need to use their skills and resources in the public interest.” Butler’s comments come as the government assesses options to help households facing rising energy bills this winter. His former employer, BP, has been accused of “unbridled speculation” during the energy crisis, aided by a surge in wholesale oil and gas prices caused in part by Russia’s invasion of Ukraine. BP and other North Sea oil and gas operators have been hit by a windfall tax on profits aimed at generating £5bn. Labor proposed extending the levy to fund further support for consumers. Butler said the energy price cap freeze was “necessary but far from sufficient”, arguing the government and industry needed to take further steps to help struggling families, such as ending “harmful additives of charges imposed on those using prepaid meters”. “. Butler, who was the founding chairman of the policy institute at King’s College London and an energy policy adviser at Cambridge’s Cavendish Laboratory, also urged the government to secure extra gas supplies for the winter and to cut domestic consumption, such as had other European nations. He warned that if France and Norway decided to cut supplies to the UK this winter, there could be “real and substantial” shortages. “As we head into a new winter of discontent, the only hope is that the current crisis will drive us back to the substance and details of serious energy policy.”