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In the wake of the recent storms many households were left without power. Many will now be entitled to higher compensation payouts. Ofgem said it was would also be investigating both companies, SSE and UK Power Networks, for their slow response in reinstating electricity supplies throughout the recent extreme weather, of which almost one million homes across Britain suffered power...

Mr Davey, the energy sectary has warned energy companies that they must not use the current crisis as an excuse to inflate bills. It has been suggested that if they buy their gas in advance this should cushion them from short term spikes. Currently Russia supplies 30% of gas into Europe. Experts predict that should sanctions be imposed or more...