The UK oil and gas industry says it has suffered its worst losses in decades and is facing a bleak future.
Falling oil prices and rising costs meant the sector spent billions more than it earned in sales last year and now it is calling on the government to help.
ITV News Reporter Sejal Karia has more:
A new report has found "striking evidence" of how rising costs, taxes and "inadequate regulation" have taken their toll on energy companies.Read the full story ›
The Big Six energy provider EDF is to cut gas prices by 1.3%, the firm has announced.
Russian energy company Gazprom said it has "stopped supplying un-paid-for gas to Ukraine" this morning, according to reports in Russian media.
Gazprom said Ukraine has failed to pay for its gas supplies.
A Gazprom spokesperson told ITV News the company will now require all payments to be made in advance.
Russia's energy giant Gazprom said Ukraine had failed to pay at least part of its gas debts by this morning's deadline and must now pay up front for its energy supplies.
Gazprom said Ukraine has not yet paid for June supplies. The two countries failed to reach a deal on gas prices.
Ukraine and Russia failed to hold expected talks on a gas pricing dispute this morning, despite a deadline for Kiev to pay a $1.95 billion debt by Monday or have its gas supplies cut off.
Russian decision to stop deliveries to Kiev could disrupt the gas flow to the European Union, which receives its energy via Ukraine.
Ukraine and Russia will attempt fresh talks this morning, ahead of a Russian deadline for Kiev to pay a $1.95 billion (£1.15 billion) debt or have its gas supplies cut off.
The two countries failed to end a gas pricing dispute at talks yesterday.
Russia's decision to stop deliveries to Kiev could disrupt the gas flow to the European Union, which receives its energy via Ukraine.
There are fears of gas shortages in Ukraine after Russia announced it would raise its prices. But will that affect the rest of Europe?Read the full story ›
ScottishPower will reduce its domestic gas and electricity prices on January 31 following the measures recently announced by the UK Government to curb non energy costs.
A typical dual fuel household annual bill will reduce by £54, made up of a 3.3% reduction in standard tariffs for dual fuel customers – £42 per annum. It also includes a universal rebate to be paid to customers in line with the government timetable - £12 per annum.
This reduction will bring the average annual bill for a dual fuel customer paying by monthly direct debit down to £1,199 per annum. It should benefit 2.2 million households.