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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As if $2 a gallon gasoline hasn&#39;t been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes.
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The average retail price of a gallon of gasoline in the United States jumped nearly 13 cents in the last two weeks and could go higher as retailers currently facing losses try to recover their profit margins, according to an industry analyst.
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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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With oil prices rising people are turning to wood heat, raising concerns about the environmental impact of some older devices that are being used.
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A big jump in energy costs sharply  pushed up prices that U.S. manufacturers and wholesalers paid  for goods last month, but outside of energy the inflation  picture looked tame.
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This winter, rising oil prices will translate into higher heating bills for households.
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UK's biggest energy provider announces price rise for gas and electricity customers
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The energy provider said household gas bills would rise by 12.4 per cent and electricity by 9.4 per cent from September 20. The company blamed the increases on the record price of wholesale gas, which also impacts on the cost of producing electricity.
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Gasoline prices extended their climb yesterday, rising a cent overnight while oil and gas futures rose on concerns about gasoline production.
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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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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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NEW YORK -- Northeast Utilities , UIL Holdings Corp. , and New England's grid operator have proposed changes to a planned power line in Southwest Connecticut that would increase costs by more than 40 percent.
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Prices of goods imported into the United States rose last month for the first time in three months because of an increase in the cost of natural gas purchases.
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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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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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Business & money: British Gas owne signals that household energy bills could have to rise in the new year