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South African Power Utility Eskom Ramps Up Nationwide Power Cuts

South African electricity public utility Eskom has announced that it will implement Stage 6 power cuts starting from Sunday morning. Commonly known as "load shedding", this increase in power cuts comes after the utility implemented Stage 5 on Saturday after five generating units broke...

EU Outlines Plan to Raise $140 Billion to Cope With Energy Crisis

The European Union revealed on Wednesday its plans to raise over $140 billion in an effort to combat the ongoing energy crisis. "EU Member States have already invested billions of euros to assist vulnerable households. But we know this will not be enough," European...

UK Must Insulate Homes to Curb Energy Crisis, Experts Warn

Research from the Institute for Government (IfG) found that the United Kingdom scores worse than countries across Europe in terms of the energy efficiency of its homes. According to this analysis, the United Kingdom is set to continue facing high energy bills throughout 2023...

EU Energy Ministers Attend Emergency Meeting Over Energy Crisis

European Union energy ministers met during an emergency meeting on Friday in an effort to discuss mechanisms to shield citizens from surging energy bills. The ministers also congregated to discuss safeguards to prevent the collapse of European energy utilities in the midst of the...

Incoming UK Prime Minister Plans £40 Billion Energy-Aid Package for Businesses

Incoming UK Prime Minister Liz Truss is in the process of finalizing plans for an aid package to lower the energy bills of UK businesses. The package, expected to be £40 billion, could be distributed in two ways. The first option that Truss is considering...