Energy firms ‘could cut £800m off household energy bill’ with 5% tariff cut

Britain’s householders could save more than £800m over the next 12 months on their energy bills if the big six suppliers took advantage of plunging wholesale power prices and cut their charges by as much as 5%, according to the founder of a price comparison website.

Barclays: US $470m energy fine 'unjustified'

Barclays has said US regulators' proposed fines of $470m (£291m) for the bank's alleged manipulation of energy markets are "unjustified" and the allegations will not stand up in court.