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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Oil prices rose nearly $2 on Thursday  after a big fall in U.S. natural gas inventories triggered  renewed concerns about winter fuel stocks in the world's  biggest energy-consuming nation.
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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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The company says the record price of wholesale gas, which also effects the cost of electricity, is to blame. A spokesman said the increases would add an extra 7p a day to electricity bills.
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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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Households across Britain are facing the prospect of higher fuel bills, with one of the big six gas and electricity suppliers expected to announce price increases today
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People who heat their homes with oil, electricity or propane Â almost half the country Â are likely to see prices rise.
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UK's biggest energy provider announces price rise for gas and electricity customers
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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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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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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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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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SYDNEY/NEW YORK  - U.S. coal firm Peabody Energy   Corp. BTU.N raised its bid for Australia's Excel Coal Ltd.   EXL.AX by nearly 12 percent to A$2 billion, but speculation   about a rival offer pushed Excel shares above Peabody's new   offer price.
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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Wholesale prices increased 0.5 percent in November, reflecting the biggest jump in natural gas costs since March 2003, the Labor Department said yesterday.
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Energy customers are urged to switch suppliers after Npower follows the lead of rival British Gas by announcing big price increases.
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With rising energy bills, the government is urging consumers to switch suppliers, as part of a new consumer campaign.