In the News
UK energy price cap to be updated every three months
4th August 2022
OFGEM has announced that the energy price cap is going to be altered every three months, to better to reflect the latest in changes in costs, rather than bi-annually.
The move, however, has not been well received by some who seem to be of the view that it's weighted in favour of the energy companies who, some argue, are being protected against downside risks of rising costs, rather than consumers.
And factor in a little bit of Keynesian economics - and the fact that prices tend to be sticky in a downwards direction - and you can see why some people are nervous about this change.
You might also like
Challenges for OPEC as US Shale Production Soars
19th October 2014
Is Norway suffering from Dutch Disease?
9th February 2014
Energy and Emissions: Taxation or Technology?
24th October 2013
Prebisch Singer Hypothesis
Study Notes
Shale Gas and the UK Economy
Study Notes
World crude oil prices drop below $80 a barrel
15th November 2014
Finite and Renewable Resources
Study Notes
Will OPEC cut production to curb the declining price of oil?
26th November 2014