UK gas wholesale price rises 50% to new high after pipeline shutdown

UK gas wholesale prices shot up by more than 50% to a record high, after the pipeline pumping gas between Britain and Belgium shut down unexpectedly due to a technical fault.

SSE energy auction plan may shake up power market

Scottish and Southern Energy (SSE) will start auctioning its entire electricity supply on the wholesale market.

This is the first time such a move has come from any of the big six suppliers, which use their own power stations to generate electricity.

This could allow new entrants to the energy market, bringing more competition for consumers.