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Civils in the news today - Monday 30 March

Ofgem, the energy regulator, is seeking new powers to investigate and fine electricity companies for market abuse to address growing concerns that generators are exploiting weaknesses in the system to push up prices…

…In a consultation paper published on Monday, Ofgem warns that the need to manage the electricity grid makes it possible for generators to push up wholesale prices - Financial Times

Dubai will this week outline borrowing terms to staterelated companies in need of assistance as it seeks to inject much of its $10bn borrowing into the economy to help lift the emirate from its economic malaise. The government is about to appoint a financial adviser to devise loan terms for those companieswanting credit lines from the $10bn lent in February by the United Arab Emirates central bank to the city-state - Financial Times

Expectations of what can be achieved by the United States in fighting global warming are unrealistic, climate change negotiators from more than 170 countries have been told. Hopes raised by a new willingness in the White House to take action to control climate change must be balanced by a realisation that there are limits to what the US can do, they were told – The Times

London Underground carried 1 million fewer passengers in January, as City job cuts threaten to widen a multibillion pound funding gap in the tube network, The decline in journeys brought warnings of financial problems for the London mayor, Boris Johnson. The financial black hole in the underground system is heading for an estimated £5bn, and the mayor’s officials fear hat vital upgrades could be scrapped unless a cash-strapped government supplies more funds – The Guardian


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