UK energy minister described the practice of forcibly entering homes to install prepayment meters, as outrageous and called on all firms to stop it. According to a report by the times publication, contractors working for British gas sent debt collectors to "Break into" homes and "Force-fit" meters.

UK energy minister condemns prepay meters

Energy firm Shell is conducting a strategic review of its home energy retail business in the UK, Germany and the Netherlands amid tough market conditions.

Energy firm Shell to review home energy business in UK, Germany, Netherlands

Pakistan faced a major power breakdown on Monday due to a "frequency variation" in the national grid, leaving millions of people in the country, including capital Islamabad and financial hub Karachi, without electricity. Neha Khanna brings you more insights.

Pakistan suffers major power outage after grid failure

Norway and Germany on Thursday (January 5) signed joint declarations to increase the production of renewable energy and develop green industry, as the NATO allies seek to both cut their CO2 emissions and wean Germany from its reliance on Russian gas.

Here's how Norway & Germany plan to wean off Germany’s reliance on Russian gas

"Europe has managed to reduce its imports while doing it in a manner it's comfortable..if at 60,000 euros you are so caring about your population, I have a population at $2000..", EAM S. Jaishankar on India importing Russian energy.

Watch: India's S. Jaishankar takes on Europe on importing Russian energy

The United States oil giant, ExxonMobil Corp, has filed a lawsuit against the European Union in a bid to block the 27-nation bloc’s new windfall tax on oil and gas companies. This comes after the European Commission proposed to levy a windfall tax on the profits of energy producers at the General Court of the EU, in Luxembourg, on Wednesday.&nbsp;

The windfall tax is imposed on a firm which has benefitted from something they were not directly responsible for, in this case, it could be energy firms making profits for their products, partly due to the supply chain issues as a result of the Russian invasion of Ukraine. However, the company has argued that Brussels exceeded its legal authority by imposing the proposed tax and called it “counterproductive”.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/major-oil-companies-not-declaring-significant-source-of-greenhouse-gas-emissions-report-520946">Major oil companies not declaring significant source of greenhouse gas emissions: Report</a>

The lawsuit also argues that the measure is a tax the right of which is reserved with the national governments and challenges the use of the EU Treaty’s Article 122, an emergency procedure that excludes the European Parliament, to enact the legislation. This also comes after the company as well as the oil sector has made record profits this year, due to high energy prices and soaring inflation across the world, which has renewed calls to impose additional taxes on the sector.&nbsp;

In October, ExxonMobil reported a quarterly profit of at least $20 billion. A month prior, the European Commission chief Ursula von der Leyen announced the plan for oil, gas, and coal companies to pay what she called a “crisis contribution” on the increased profits this year. However, Exxon spokesperson Casey Norton, said that the move discourages investments and undermines investor confidence.&nbsp;

ALSO WATCH |&nbsp;<a href="https://www.wionews.com/videos/europe-energy-crisis-dims-christmas-lights-defies-crisis-by-using-power-efficient-lights-537866">Europe: Energy crisis dims Christmas lights; defies crisis by using power efficient lights</a>

He added, “Whether we invest here primarily depends on how attractive and globally competitive Europe will be.” The lawsuit was first reported by Financial Times, on Wednesday, which was filed through the company’s subsidiaries in Germany and the Netherlands. In September, the EU countries passed an emergency package of legislation aimed at tackling soaring energy prices and a minimum 33 per cent tax which it referred to as the “crisis contribution”.&nbsp;

The relevant profits could be from fiscal years 2022 or 2023, depending on the country, said the EU. If passed, the windfall profit tax in question would cost at least $2 billion by the end of next year, said CFO Kathryn Mikells during a call with analysts, earlier this month, reported Reuters. The energy giant has also noted that they have invested $3 billion in the past decade in refinery projects in European countries.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/indian-oil-giant-ongc-partners-up-with-exxonmobil-for-deepwater-exploration-507906">Indian oil giant ONGC partners up with ExxonMobil for deepwater exploration</a>

In reference to these projects, Exxon believes&nbsp;they are helping deliver more energy products at a time when Europe struggles to reduce its imports from Russia. “We will continue to work with EU leaders to address these issues. Thoughtful policy is critical,” said the company. On the other hand, the European Commission has said that it has noted Exxon’s legal application and that decision is now up to the Luxembourg-based General Court, “to rule on this case”, reported the Financial Times.&nbsp;

(With inputs from agencies)&nbsp;

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The United States oil giant, ExxonMobil Corp, has filed a lawsuit against the European Union in a bid to block the 27-nation bloc’s new windfall tax on oil and gas companies.

The United States oil giant, ExxonMobil Corp, has filed a lawsuit against the European Union in a bid to block the 27-nation bloc’s new windfall tax on oil and gas companies. This comes after the European Commission proposed to levy a windfall tax on the profits of energy producers at the General Court of the EU, in Luxembourg, on Wednesday. The windfall tax is imposed on a firm which has benefitted from something they were not directly responsible for, in this case, it could be energy firms making profits for their products, partly due to the supply chain issues as a result of the Russian invasion of Ukraine. However, the company has argued that Brussels exceeded its legal authority by imposing the proposed tax and called it “counterproductive”. ALSO READ | Major oil companies not declaring significant source of greenhouse gas emissions: Report The lawsuit also argues that the measure is a tax the right of which is reserved with the national governments and challenges the use of the EU Treaty’s Article 122, an emergency procedure that excludes the European Parliament, to enact the legislation. This also comes after the company as well as the oil sector has made record profits this year, due to high energy prices and soaring inflation across the world, which has renewed calls to impose additional taxes on the sector. In October, ExxonMobil reported a quarterly profit of at least $20 billion. A month prior, the European Commission chief Ursula von der Leyen announced the plan for oil, gas, and coal companies to pay what she called a “crisis contribution” on the increased profits this year. However, Exxon spokesperson Casey Norton, said that the move discourages investments and undermines investor confidence. ALSO WATCH | Europe: Energy crisis dims Christmas lights; defies crisis by using power efficient lights He added, “Whether we invest here primarily depends on how attractive and globally competitive Europe will be.” The lawsuit was first reported by Financial Times, on Wednesday, which was filed through the company’s subsidiaries in Germany and the Netherlands. In September, the EU countries passed an emergency package of legislation aimed at tackling soaring energy prices and a minimum 33 per cent tax which it referred to as the “crisis contribution”. The relevant profits could be from fiscal years 2022 or 2023, depending on the country, said the EU. If passed, the windfall profit tax in question would cost at least $2 billion by the end of next year, said CFO Kathryn Mikells during a call with analysts, earlier this month, reported Reuters. The energy giant has also noted that they have invested $3 billion in the past decade in refinery projects in European countries. ALSO READ | Indian oil giant ONGC partners up with ExxonMobil for deepwater exploration In reference to these projects, Exxon believes they are helping deliver more energy products at a time when Europe struggles to reduce its imports from Russia. “We will continue to work with EU leaders to address these issues. Thoughtful policy is critical,” said the company. On the other hand, the European Commission has said that it has noted Exxon’s legal application and that decision is now up to the Luxembourg-based General Court, “to rule on this case”, reported the Financial Times. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Energy giant ExxonMobil sues European Union in a bid to block new windfall tax

U.S. oil major Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy.

World Business Watch: Energy giant Exxon sues EU to block energy windfall tax

Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia. Watch this video to know more.

Japan, Saudi Arabia sign clean energy cooperation agreement

72-year-old, Fabrizio Cardinali has created a small world with zero dependence on energy. He is one of the few people in Europe not worried about rising energy costs this winter. He has no electricity, no gas, and no indoor plumbing.

Meet the 'Hermit of Cupramontana': 72-year-old creates small world with zero dependence on energy

EU energy ministers have agreed a plan to cap the price of gas, ending months of argument over how to handle the cost of soaring energy prices after Russia cut gas supplies to Europe.

EU energy ministers agree on a gas price cap to contain crisis

Researchers have built a new cheap battery as a substitute for Lithium batteries. These batteries have four times more energy storage capacity. The battery is low-cost and more environmentally friendly.

WION Climate Tracker | Sea-salt batteries are the new substitute for Lithium

A massive blast of light considered extremely rare and is believed to have been triggered by the collision of stars with a black hole that hit the Earth recently and which could help change our understanding of the universe, scientists revealed.

The event called a gamma-ray burst (GRB), which lasted for only 50 seconds, came from a nearby galaxy in December 2021. These blasts are considered to be the most powerful explosions in the universe.

Earlier, it was believed that GRBs only resulted from the destruction of massive stars, but astronomers now believe that it can come from the combination of two neutron stars.

After the massive GRBs hit the Earth last year, scientists started searching for the afterglow that such blasts leave behind, as it helps to find where the blast has come from.

However, the researchers found something else entirely. They traced the blast from a kilonava— a rare event that happens after the merger of a neutron star with either another star or a black hole.&nbsp;

According to astronomers, these events happen very rarely.

“This event represents an exciting paradigm shift for gamma-ray-burst astronomy,” said Jillian Rastinejad, a doctoral candidate in the Northwestern University Department of Physics and Astronomy who led the research, in a statement.

According to them, the blast, which has been named GRB 211211A, was relatively long with more infrared light than expected.

Astronomers believe that the explosion produced elements such as gold and platinum.

The researchers’ findings also found that this event produced heavy elements that amounted to roughly 1000 times the mass of our Earth.

“When we followed this long gamma-ray burst, we expected it would lead to evidence of a massive star collapse,” said Northwestern’s Wen-fai Fong, a senior author on the study.

“Instead, what we found was very different. When I entered the field 15 years ago, it was set in stone that long gamma-ray bursts come from massive star collapses.

(With inputs from agencies)

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A massive blast of light considered extremely rare and is believed to have been triggered by the collision of stars with a black hole that hit the Earth recently and which could help change our understanding of the universe, scientists revealed.

A massive blast of light considered extremely rare and is believed to have been triggered by the collision of stars with a black hole that hit the Earth recently and which could help change our understanding of the universe, scientists revealed. The event called a gamma-ray burst (GRB), which lasted for only 50 seconds, came from a nearby galaxy in December 2021. These blasts are considered to be the most powerful explosions in the universe. Earlier, it was believed that GRBs only resulted from the destruction of massive stars, but astronomers now believe that it can come from the combination of two neutron stars. After the massive GRBs hit the Earth last year, scientists started searching for the afterglow that such blasts leave behind, as it helps to find where the blast has come from. However, the researchers found something else entirely. They traced the blast from a kilonava— a rare event that happens after the merger of a neutron star with either another star or a black hole. According to astronomers, these events happen very rarely. “This event represents an exciting paradigm shift for gamma-ray-burst astronomy,” said Jillian Rastinejad, a doctoral candidate in the Northwestern University Department of Physics and Astronomy who led the research, in a statement. According to them, the blast, which has been named GRB 211211A, was relatively long with more infrared light than expected. Astronomers believe that the explosion produced elements such as gold and platinum. The researchers’ findings also found that this event produced heavy elements that amounted to roughly 1000 times the mass of our Earth. “When we followed this long gamma-ray burst, we expected it would lead to evidence of a massive star collapse,” said Northwestern’s Wen-fai Fong, a senior author on the study. “Instead, what we found was very different. When I entered the field 15 years ago, it was set in stone that long gamma-ray bursts come from massive star collapses. (With inputs from agencies) WATCH WION LIVE HERE:

Scientists find ‘unusual, intense blast of energy’ from nearby galaxy

Chinese President Xi Jinping said on Tuesday that China is ready to form a closer partnership with Russia when it comes to global energy security. China has been one of the major exporters of oil and gas from Russia as the Kremlin continues to face sanctions over the ongoing conflict in Ukraine. During his address, Xi emphasised on their relationship and said that the partnership will continue.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/police-force-takes-over-the-streets-of-china-to-prevent-covid-demonstrations-538372">Police take over the streets of China to prevent Covid demonstrations</a>

"China is willing to work with Russia to forge a closer energy partnership, promote clean and green energy development and jointly maintain international energy security and the stability of industry supply chains," Xi was quoted as saying by the Chinese state broadcaster CCTV.&nbsp;

The gas exports from Russia have become a major topic of controversy since the start of the Ukraine war as the western countries and the United States have accused the Kremlin of using it as a negotiation tool. While the European Union has already imposed sanctions, the use of the Russian gas has not ceased completely but the Kremlin has decided to stop its supply in a seemingly political move.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/us-plans-to-release-energy-aid-for-ukraine-to-help-restore-powers-zelensky-expects-more-attacks-538359">US to announce energy aid for Ukraine on Tuesday to help&nbsp;restore electricity</a>

On the other hand, Russia became China’s biggest supplier of oil back in June this year. According to AFP, the official data showed a rise of over 55 per cent in China’s oil imports from Russia. The amount roughly translated to 8.42 million tonnes of oil which was sent to China through reservoir ships.&nbsp;

The G7 countries are set to meet on December 5 to decide on the fresh batch of sanctions to be imposed on Russia and also decide on a price cap when it comes to transactions with Russia.&nbsp;

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Chinese President Xi Jinping said on Tuesday that China is ready to form a closer partnership with Russia when it comes to global energy security. China has been one of the major exporters of oil and gas from Russia as the Kremlin continues to face sanctions over the ongoing conflict in Ukraine.

Chinese President Xi Jinping said on Tuesday that China is ready to form a closer partnership with Russia when it comes to global energy security. China has been one of the major exporters of oil and gas from Russia as the Kremlin continues to face sanctions over the ongoing conflict in Ukraine. During his address, Xi emphasised on their relationship and said that the partnership will continue. Also read | Police take over the streets of China to prevent Covid demonstrations "China is willing to work with Russia to forge a closer energy partnership, promote clean and green energy development and jointly maintain international energy security and the stability of industry supply chains," Xi was quoted as saying by the Chinese state broadcaster CCTV. The gas exports from Russia have become a major topic of controversy since the start of the Ukraine war as the western countries and the United States have accused the Kremlin of using it as a negotiation tool. While the European Union has already imposed sanctions, the use of the Russian gas has not ceased completely but the Kremlin has decided to stop its supply in a seemingly political move. Also read | US to announce energy aid for Ukraine on Tuesday to help restore electricity On the other hand, Russia became China’s biggest supplier of oil back in June this year. According to AFP, the official data showed a rise of over 55 per cent in China’s oil imports from Russia. The amount roughly translated to 8.42 million tonnes of oil which was sent to China through reservoir ships. The G7 countries are set to meet on December 5 to decide on the fresh batch of sanctions to be imposed on Russia and also decide on a price cap when it comes to transactions with Russia.

China willing to build closer partnership with Russia on energy issues, says Xi Jinping

Energy regulator Ofgem has today announced its quarterly update for average household bills and has raised the energy price cap by about 21% for the period 1 January – 31 March 2023.

Ofgem raises energy price cap by over 20% for average household bills

Ukraine on Friday (November 18) said that almost half of its power grid needed repairs after weeks of battering caused due to Russian attacks. Electricity supply to millions has been disrupted just when temperatures have started dropping as winter approaches.&nbsp;Russia meanwhile accused Kyiv's forces of executing a group of its soldiers who were surrendering to Ukraine in what Moscow described as a "massacre" that amounted to a war crime.

Russia has carried out sustained attacks on Ukraine's power infrastructure. &nbsp;

"On November 15 alone, Russia fired about 100 missiles at Ukrainian cities. Nearly half of our energy system has been disabled," said Ukraine Prime Minister Denys Shmygal, appealing to European allies for support.

Ukrainian President Volodymyr Zelensky told the nation on Thursday that some 10 million people were suffering blackouts as a result.

Russia however, has denied attacking civilian power infrastructure and said that it has attacked only military-linked facilities. It further said that a series of long-range and precision strikes the day before had "hit exactly the designated objects".

And the Kremlin this week blamed the blackouts and their civilian impact on Kyiv's refusal to negotiate with Moscow, not on Russian missile attacks.

Ukraine's description of the damage to its power industry came after Russia said Friday it was strengthening positions in Crimea, which Kyiv's forces are battling towards.

(With inputs from agencies)

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Ukraine on Friday (November 18) said that almost half of its power grid needed repairs after weeks of battering caused due to Russian attacks. Electricity supply to millions has been disrupted just when temperatures have started dropping as winter approaches.

Ukraine on Friday (November 18) said that almost half of its power grid needed repairs after weeks of battering caused due to Russian attacks. Electricity supply to millions has been disrupted just when temperatures have started dropping as winter approaches. Russia meanwhile accused Kyiv's forces of executing a group of its soldiers who were surrendering to Ukraine in what Moscow described as a "massacre" that amounted to a war crime. Russia has carried out sustained attacks on Ukraine's power infrastructure. "On November 15 alone, Russia fired about 100 missiles at Ukrainian cities. Nearly half of our energy system has been disabled," said Ukraine Prime Minister Denys Shmygal, appealing to European allies for support. Ukrainian President Volodymyr Zelensky told the nation on Thursday that some 10 million people were suffering blackouts as a result. Russia however, has denied attacking civilian power infrastructure and said that it has attacked only military-linked facilities. It further said that a series of long-range and precision strikes the day before had "hit exactly the designated objects". And the Kremlin this week blamed the blackouts and their civilian impact on Kyiv's refusal to negotiate with Moscow, not on Russian missile attacks. Ukraine's description of the damage to its power industry came after Russia said Friday it was strengthening positions in Crimea, which Kyiv's forces are battling towards. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Nearly half of country's energy infrastructure hit and damaged, says Ukraine

Earlier this month, the Government of India declared a village in the Western state of Gujarat as the first village to run entirely on solar energy all the time.

WION Climate Summit: India's first fully solar-powered village 'transforming' residents' lives

Is German failure on the road to a renewable future? A German energy firm is dismantling wind turbines. The government on the other hand urged the energy firm to stop dismantling.

WION Climate Tracker: German failure on the road to a renewable future?

France has left a controversial energy charter treaty that allowed fossil fuel firms to sue the government. EU has proposed the modernisation of the treaty.

WION Climate Tracker: France leaves controversial energy charter treaty

UK’s interior minister Suella Braverman stepped down just six weeks after being appointed to the post, putting the Liz Truss government in further turmoil.

Another major jolt to Truss government, UK interior minister Suella Braverman resigns

A Nairobi-based green transport company unveils an electric bus. Its inventors hope to encourage environmentally friendly commuting in a city where polluting exhaust fumes contribute to a thick smog.

Tech in Trend: Kenya debuts electric bus in clean energy push

As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat their ovens are talking about giving up.

Lights out, ovens off: Europe braces for winter energy crisis

According to a report, insulating homes in the UK and installing heat pumps could benefit the economy by $7.9 billion a year and create 140,000 new jobs by 2030.

World Business Watch | Study: Energy-saving measures could boost UK economy

Germany has nationalised its biggest gas importer – Uniper – in a bid to strengthen its position amid the ongoing energy crisis caused by the Russian invasion of Ukraine. As part of the deal, Germany will be investing more than $7.9 billion in the company and acquire a 98.5 per cent stake.

Previously, Uniper was controlled by the Finnish state-owned company Fortum. According to the energy company, the German government will buy all of their shares for around $495 million.

Also read |&nbsp;<a href="https://www.wionews.com/world/ukraine-crisis-russias-vladimir-putin-announces-partial-military-mobilisation-518283" hreflang="en">'This is not a bluff': Putin announces partial military mobilisation in Russia</a>

“Under the current circumstances in the European energy markets and recognising the severity of Uniper’s situation, the divestment of Uniper is the right step to take, not only for Uniper but also for Fortum,” Fortum’s chief executive, Markus Rauramo said in his statement, reports&nbsp;Reuters.

“The role of gas in Europe has changed since Russia attacked Ukraine, and so has the outlook for a gas-heavy portfolio. The business case for an integrated group is no longer viable,” he added.

Germany has been struggling with energy shortages following the sanctions on Russia for its invasion of Ukraine. The ongoing crisis has also been quite harmful for Uniper which&nbsp;incurred losses of around $8.4 billion with its share prices going down by almost 90 per cent.

Also read |&nbsp;<a href="https://www.wionews.com/world/us-and-canadian-warships-sail-through-taiwan-strait-second-time-in-three-weeks-518244">US &amp; Canadian warships sail through Taiwan Strait, second time in three weeks</a>

"The state will — that's what we're showing now — do everything possible to always keep the companies stable on the market," German economy minister Robert Habeck told Reuters.

Prior to the conflict, Fortum was a major contributor to the Finnish economy but in the past few months, the government in Finland has come under a lot of pressure due to the losses incurred.

(With inputs from agencies)

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Germany has nationalised its biggest gas importer – Uniper – in a bid to strengthen its position amid the ongoing energy crisis caused by the Russian invasion of Ukraine.

Germany has nationalised its biggest gas importer – Uniper – in a bid to strengthen its position amid the ongoing energy crisis caused by the Russian invasion of Ukraine. As part of the deal, Germany will be investing more than $7.9 billion in the company and acquire a 98.5 per cent stake. Previously, Uniper was controlled by the Finnish state-owned company Fortum. According to the energy company, the German government will buy all of their shares for around $495 million. Also read | 'This is not a bluff': Putin announces partial military mobilisation in Russia “Under the current circumstances in the European energy markets and recognising the severity of Uniper’s situation, the divestment of Uniper is the right step to take, not only for Uniper but also for Fortum,” Fortum’s chief executive, Markus Rauramo said in his statement, reports Reuters. “The role of gas in Europe has changed since Russia attacked Ukraine, and so has the outlook for a gas-heavy portfolio. The business case for an integrated group is no longer viable,” he added. Germany has been struggling with energy shortages following the sanctions on Russia for its invasion of Ukraine. The ongoing crisis has also been quite harmful for Uniper which incurred losses of around $8.4 billion with its share prices going down by almost 90 per cent. Also read | US & Canadian warships sail through Taiwan Strait, second time in three weeks "The state will — that's what we're showing now — do everything possible to always keep the companies stable on the market," German economy minister Robert Habeck told Reuters. Prior to the conflict, Fortum was a major contributor to the Finnish economy but in the past few months, the government in Finland has come under a lot of pressure due to the losses incurred. (With inputs from agencies)

Germany nationalises energy giant Uniper to combat global energy crisis

While the world is struggling with an energy crisis, Chikako Fujii hasn't paid any electricity bill in the last 10 years. She has installed 4 solar panels in her apartment's balcony to generate her own electricity.

Japanese woman lives off the power grid while world battles soaring power costs

The European Union's executive has outlined plans to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic downturn and insolvencies.

World Business Watch: EU seeks $140 billion from energy companies

Ursula von der Leyen, the head of the European Union (EU), has called for reductions in electricity consumption across the union and windfall taxes on energy companies to combat excessive prices.&nbsp;

She informed the European Parliament that following Russia's invasion of Ukraine, gas and energy prices had reached all-time highs. She demanded a minimum five per cent reduction in electricity use during peak hours.&nbsp;

However, proposals to control the cost of natural gas, a significant Russian export to the EU, were postponed.&nbsp;

The Strasbourg plan calls for skimming off low-carbon electricity companies' earnings and enacting a de facto windfall tax on the oil, gas, and coal industries in order to raise "excess revenues."

The estimated €140 billion (£121 billion; $141 billion) in funds would benefit individuals and companies in all 27 member nations of the European Union.&nbsp;

In the hopes of reaching a consensus by the end of this month, the EU's member states will carefully consider the ideas.&nbsp;

Leyen's who will be reach Ukraine on Wednesday on her second visit said,&nbsp;"Europe's solidarity with Ukraine will remain unshakeable."&nbsp;

Olena Zelensky, the wife of &nbsp;Volodymyr&nbsp;Zelensky, attended the address in the legislature as a special guest.

Making ends meet was "becoming a source of anxiety for millions of businesses and households," according to Ms. von der Leyen.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/science/juxtapose-dramatic-expansion-of-bahrain-by-building-land-on-sea-1987-vs-2022-515720">Before and after images show dramatic expansion of Bahrain by building land on sea: 1987 vs 2022</a>

She stated that it was unfair to benefit from the war and reap remarkable record profits in these troubled times.&nbsp;

Since June, Ukraine has been formally applying to join the EU. It recently launched a counteroffensive to push back Russian forces, and this month, it reportedly reclaimed thousands of square kilometers of terrain in the east and south.

Russia, a major provider of energy, and the EU, which imposed severe sanctions in response to the invasion, are engaged in a financial war.

(with inputs from agencies) 
&nbsp;

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Ursula von der Leyen, the head of the European Union (EU), has called for reductions in electricity consumption across the union and windfall taxes on energy companies to combat excessive prices.

Ursula von der Leyen, the head of the European Union (EU), has called for reductions in electricity consumption across the union and windfall taxes on energy companies to combat excessive prices. She informed the European Parliament that following Russia's invasion of Ukraine, gas and energy prices had reached all-time highs. She demanded a minimum five per cent reduction in electricity use during peak hours. However, proposals to control the cost of natural gas, a significant Russian export to the EU, were postponed. The Strasbourg plan calls for skimming off low-carbon electricity companies' earnings and enacting a de facto windfall tax on the oil, gas, and coal industries in order to raise "excess revenues." The estimated €140 billion (£121 billion; $141 billion) in funds would benefit individuals and companies in all 27 member nations of the European Union. In the hopes of reaching a consensus by the end of this month, the EU's member states will carefully consider the ideas. Leyen's who will be reach Ukraine on Wednesday on her second visit said, "Europe's solidarity with Ukraine will remain unshakeable." Olena Zelensky, the wife of Volodymyr Zelensky, attended the address in the legislature as a special guest. Making ends meet was "becoming a source of anxiety for millions of businesses and households," according to Ms. von der Leyen. Also Read: Before and after images show dramatic expansion of Bahrain by building land on sea: 1987 vs 2022 She stated that it was unfair to benefit from the war and reap remarkable record profits in these troubled times. Since June, Ukraine has been formally applying to join the EU. It recently launched a counteroffensive to push back Russian forces, and this month, it reportedly reclaimed thousands of square kilometers of terrain in the east and south. Russia, a major provider of energy, and the EU, which imposed severe sanctions in response to the invasion, are engaged in a financial war. (with inputs from agencies)

EU chief calls for curbing electricity use, windfall taxes on energy firms to tackle high prices

Liz Truss's proposals for a freeze on energy prices and significant tax cuts will provide twice as much financial assistance with living expenses to Britain's wealthiest households as to its poorest households, as per a top think tank.

The Resolution Foundation claimed that when combined with the tax cuts promised during her leadership campaign, the prime minister's energy plan, which was unveiled only hours before word of the Queen's passing last week, would come with a "colossal" price tag for taxpayers.&nbsp;

According to the report, the government's "energy price guarantee" and national insurance cuts would provide the richest tenth of UK households with an average of £4,700 in support, compared to just £2,200 for the typical home in the bottom tenth.

The intervention comes at a time when the specifics of the new prime minister's plan to assist suffering households are still unknown because she decided to wait until a mini-budget, which is anticipated to take place next week, to release the costs associated with her proposal.&nbsp;

The Resolution Foundation estimated that the idea to cap a two-year increase in the average home energy bill to £2,500 would cost about £120 billion. It cautioned that Truss's strategy to avoid a new windfall tax on energy producers would mean passing along the expense to taxpayers, with as little as £1 in every £12 spent on energy assistance for households being recovered directly from higher taxes on energy corporations.

The energy price guarantee, financial help for all households, and additional one-time payments for those receiving means-tested benefits, according to the think tank, will bring the average level of support for homes to £2,000 this year. When taken as a whole, it claimed that both wealthy and poor households received an equivalent amount of help.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/science/juxtapose-dramatic-expansion-of-bahrain-by-building-land-on-sea-1987-vs-2022-515720">Before and after images show dramatic expansion of Bahrain by building land on sea: 1987 vs 2022</a>

However, measures to roll back national insurance tax rises put in place in April will help wealthier people much more next year. It was stated that this will "skew support towards the very highest-income households," in addition to the general support provided by the energy price freeze, which will benefit households with the highest gas and electricity bills.

The chief executive of the Resolution Foundation, Torsten Bell, stated: "Last week, the prime minister announced a simply colossal&nbsp;energy support package to avert a catastrophe in living standards this winter.&nbsp;

With prior announcements, the help totals more than £2,200 for each home in Britain. It was a large, courageous move. Families should yet prepare for a challenging winter, with wealthy households receiving twice as much cost-of-living assistance as less fortunate households the next year.

(with inputs from agencies)

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Liz Truss's proposals for a freeze on energy prices and significant tax cuts will provide twice as much financial assistance with living expenses to Britain's wealthiest households as to its poorest households, as per a top think tank.

Liz Truss's proposals for a freeze on energy prices and significant tax cuts will provide twice as much financial assistance with living expenses to Britain's wealthiest households as to its poorest households, as per a top think tank. The Resolution Foundation claimed that when combined with the tax cuts promised during her leadership campaign, the prime minister's energy plan, which was unveiled only hours before word of the Queen's passing last week, would come with a "colossal" price tag for taxpayers. According to the report, the government's "energy price guarantee" and national insurance cuts would provide the richest tenth of UK households with an average of £4,700 in support, compared to just £2,200 for the typical home in the bottom tenth. The intervention comes at a time when the specifics of the new prime minister's plan to assist suffering households are still unknown because she decided to wait until a mini-budget, which is anticipated to take place next week, to release the costs associated with her proposal. The Resolution Foundation estimated that the idea to cap a two-year increase in the average home energy bill to £2,500 would cost about £120 billion. It cautioned that Truss's strategy to avoid a new windfall tax on energy producers would mean passing along the expense to taxpayers, with as little as £1 in every £12 spent on energy assistance for households being recovered directly from higher taxes on energy corporations. The energy price guarantee, financial help for all households, and additional one-time payments for those receiving means-tested benefits, according to the think tank, will bring the average level of support for homes to £2,000 this year. When taken as a whole, it claimed that both wealthy and poor households received an equivalent amount of help. Also Read: Before and after images show dramatic expansion of Bahrain by building land on sea: 1987 vs 2022 However, measures to roll back national insurance tax rises put in place in April will help wealthier people much more next year. It was stated that this will "skew support towards the very highest-income households," in addition to the general support provided by the energy price freeze, which will benefit households with the highest gas and electricity bills. The chief executive of the Resolution Foundation, Torsten Bell, stated: "Last week, the prime minister announced a simply colossal energy support package to avert a catastrophe in living standards this winter. With prior announcements, the help totals more than £2,200 for each home in Britain. It was a large, courageous move. Families should yet prepare for a challenging winter, with wealthy households receiving twice as much cost-of-living assistance as less fortunate households the next year. (with inputs from agencies)

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