Authorities in the United Kingdom have approved BP to work on one out of four recently launched oil and gas projects at the North Sea, that worth around £4.5bn. Sources have confirmed that all the four projects will account huge amount of money, £10bn, and expected to complete most probably within upcoming five years, in accordance with oil syndicate proposal.

According to reports, Northern Ireland’s electricity cost later this year will increase at about 20%, as Power NI, formally called NIE Energy, confirmed that the increase of 18.6% will be effective on the 1st of October.

Also, this entails that the average household electricity bill will rise by over £90 each year, and the decision has been criticized by the Northern Ireland Consumer Council, as it refers to it as a ‘massive blow’ for households coming this winter.