Utilities Turn From Coal to Gas, Raising Risk of Price Increase
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Some experts fear that a boom in gas demand for electricity generation will send prices even higher.
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Over the summer, rising oil prices meant higher gasoline costs for drivers in the United States. This winter, as crude oil touched $53 a barrel today, they will translate into higher heating bills for American households.
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Despite a mild winter so far, New Yorkersâ heating bills are up as a result of the rising price of oil and natural gas.
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Centrica, owner of British Gas the countryâs largest household gas and electricity supplier, has lost almost a million customers this year following a series of price rises.
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Natural gas prices have jumped 17% in two days, a chilling development for the millions of Americans who heat their homes with natural gas.
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Millions of UK homes face higher gas and electricity bills from Monday as the latest price rises from British Gas come into effect.
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A Cambridge power plant reduced its emissions last year when it switched from oil to natural gas. But environmentalists gathered yesterday to say that the plant simply traded one kind of pollution for another, now threatening the water instead of the air.
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WASHINGTON -- The likelihood of finding $2-a-gallon gasoline in some parts of the United States is increasing by the day.
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Major energy companies to announce an increase in gas and electricity bills for all of Britain's homes
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Surging energy costs drove up U.S.  consumer prices a hefty and larger-than-expected 0.6 percent  last month, while industrial output grew strongly after  rebounding from hurricanes and housing starts leapt, government  reports showed on Wednesday.
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Economic pressure forces the company to raise prices, affecting new and existing customers of its three lower-speed tiers of service.
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Energy regulator Ofgem blames high oil prices and problems with the UK's supply of gas for a steep rise in wholesale gas prices.
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Investors who have seen energy prices   rocket due to scarce supplies are starting to wager that   forecasted shortages will cause the value of water to   skyrocket, offering big gains to companies active in the   sector.
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EDF Energy puts up electricity tariffs by 7.9% and gas prices by 12.9%, blaming the soaring cost of wholesale energy.
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Average retail gasoline prices rose by nearly 5 cents and are poised to rise further as those who make, distribute and sell gasoline see their profit margins squeezed, according to an industry analyst.
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Company confirms double-digit price rises for gas and electricity
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Electricity shortages and gas supply problems predicted to push bills up.