Business

The power industry is concerned some companies could be making massive profits on the occasional days when renewable electricity generation slumps. Generators which step up to fill those gaps are charging record prices to “balance” the supply of electricity as our power grid rapidly shifts towards net-zero. The costs are paid by the industry, but
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Households will be left in “deep peril” and older people will be “badly shaken” by the rise in energy bills, charities have warned. On Thursday, energy regulator Ofgem announced prices are set to soar by 54% for 22 million households from the beginning of April, adding £693 to the annual costs of a typical household.
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Plans to “breathe fresh life into disadvantaged communities” across England have been announced as part of the government’s Levelling Up White Paper. Wolverhampton and Sheffield will be the first of 20 areas picked to benefit from a “radical new regeneration programme” launched by the Department for Levelling Up, Housing and Communities (DLUHC). The chosen locations
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Wholesale gas costs have risen sharply while Bitcoin and stock market values have plunged further as tensions over Russia’s intentions concerning Ukraine add to the cocktail of concerns being juggled by global investors. The market volatility builds on heavy sell-offs that saw the US Nasdaq index come under particular pressure and endure its worst week
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Dame Carolyn Fairbairn has joined the race to head Channel 4, the state-owned broadcaster, two years after leaving the CBI after a period of fractious ties between Britain’s biggest employers’ group and Boris Johnson’s administration. Sky News has learnt that Dame Carolyn is among a handful of contenders shortlisted to become Channel 4’s next chairman
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