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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Gazprom, the natural gas operator, moved closer to a monopoly the on Russian market, which could have far-reaching consequences for the pricing and politics of energy in Asia.
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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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Some executives warn that current fuel shortages could become a long-term problem, leading to higher gas prices.
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Npower raises electricity prices by 12.7% and gas bills by 17.2%, blaming higher wholesale costs.
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Blaming recent run-ups in the prices of natural gas and oil, Massachusetts Electric Co. sought permission yesterday to raise rates by nearly 10 percent for 425,000 of its customers starting in November.
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The convenience store chain's sales growth depends heavily on high gas prices.
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But prices of oil and natural gas are climbing as a cold snap and earlier cuts in OPEC production take their toll.
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As talk of building new power plants rises sharply, a new fleet of coal-fired power plants and a revival of nuclear construction are both looking tougher due to rising costs.
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High fuel prices are beginning to change consumer behavior and business fortunes now in a way that they hadnÂt at the beginning of the summer.
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British Gas is increasing the cost of gas by 12.4% and electricity by 9.4% from 20 September, it announces.
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Most households and businesses will pay more for heating this winter as the prices of crude oil and other energy sources continue to rise.
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With rising energy bills, the government is urging consumers to switch suppliers, as part of a new consumer campaign.
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U.S. consumers will see their  natural gas bills rise 15 percent this winter compared to last  year, and pay 28 percent more to warm their homes with heating  oil and 22 percent more to heat with propane, the government  said on Wednesday.
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A surge in the cost of gasoline and other energy products pushed consumer prices up by 3.3 percent in 2004, the biggest jump in four years, but relief may be on the way. Consumer prices actually dipped in December as energy costs moderated.
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For some workers, businesses and organizations, the spike in energy prices -- for gas, diesel fuel or heating oil -- is changing the way they live, work and think about the future.
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Some companies are dealing with rising oil costs in unique ways.