BP’s Q1 profits 50% up, despite £16 billion Rosneft hit

Fossil fuel supermajor BP has posted underlying Q1 profits of nearly £5 billion, up 50% year on year, despite taking a £16 billion loss...

Fuel poverty becoming “a national health emergency”, NEA chief warns energy campaigners

Britain’s shame as table-topper of Europe’s worst insulated homes is already causing a health emergency of mental health stress and respiratory diseases, London campaigners...

Hurried market reform risks spooked investors and dearer power, Cornwall Insight warns

Too hasty reform of Britain’s £ multi-billion electricity market could deter investors, leading to higher bills, energy analysts Cornwall Insight have advised. Whitehall is committed...

“Horrific” October price surge will threaten mental health, Martin Lewis’s charity tells suppliers

Money-saving expert Martin Lewis' charity linking depression and debt today urges energy retailers to step up support for vulnerable customers during Britain’s long energy...

Capping onshore wind farms at 20 GW “could add £125 to home bills”; ECIU

Leading academic analysts have speculated that failure by the Johnson administration to free up onshore wind parks could add as much as £125 to...

No10’s security strategy punts nukes, offshore wind & hydrogen towards 95% clean power by...

The Johnson administration’s strategy for UK energy security released this morning sets a new 2030 deadline for 95% of Britain’s electricity to be carbon-free....

“Tear down Government’s policy wall, and get renewables done”, REA tells Johnson

Britain’s long-term energy security depends on the Johnson government stripping out obstacles blocking green power deployment, the Renewable Energy Association is urging. In the run-up...

Sunak plans California holiday, as energy hikes lead ‘unprecedented’ cost of living crisis

Under-fire millionaire Chancellor Rishi Sunak was today reportedly contemplating an Easter break in California with his billionaire wife, on the morning that 54% energy...
LNG shipments drive down UK power prices

US to source 15 Bn cubic metres of LNG for EU this year, Biden...

Russian supplier Gazprom’s grip on European gas consumers weakened further this morning as US President Joe Biden confirmed to EU Commission head Ursula van...

Chancellor nixes VAT on home solar, heat pumps, turbines & energy efficiency, exempts commercial...

Rishi Sunak’s spring financial statement this lunchtime saw the Chancellor scrapping VAT on home solar, heat pumps and energy efficiency materials for five years,...

Liquidity help urgently needed to ride out Europe’s energy crisis, say traders

An emergency life-raft of time-limited liquidity support is needed if Europe’s wholesale energy markets are to survive the price rollercoaster caused by the globe's...

Shell ‘sorry’ for Russian trade, pumps country’s profits towards Ukrainian refugees

Oil supermajor Shell today announced its intention to exit petrol retailing in Russia and cease trading in the country’s oil and gas, as its...

Frack Britain back to the future, demands backbencher, as oil hits $130 a barrel

The Conservative leader of the hard-right Net Zero Group this morning announced a co-ordinated call for a revival of Britain’s fracking industry, in response...

Speed up renewables’ roll out to loosen Putin’s gas chokehold, EU chief urges

Accelerating Europe’s deployment  of clean power from wind, solar and geothermal heat must be the continent's priority, as it battles to ease Russia’s grip...

BP and Shell sever Putin ties, as Total retains them

Divestment by western fossil fuel majors from partnerships in Vladimir Putin's Russia stumbled onwards today, with observers questioning continuing involvement by TotalEnergies and Exxon. Shell,...

Schtum on prices, Centrica boss says UK gas supplies ‘unaffected’ by Putin’s Ukraine attack

British Gas’ eleven million consumers will face no interruption to gas supply after Vladimir Putin unleashed his duplicitous attack today on democratic Ukraine, Centrica’s...

Germany suspends Nord Stream 2, in reaction to Putin’s Ukraine provocation

Chancellor Olaf Scholz this morning halted Germany’s licencing of the completed Nord Stream 2 gas pipeline in reaction to Russia’s recognition of two rebel...

CRISIS: SoLR expenses for failed suppliers adds £34 in DUoS charges to every bill,...

Beleaguered energy regulator Ofgem today faces fresh evidence of the costs its oversight of failed power suppliers has inflicted on consumers, in consequence of...

CRISIS: Every quarter given: Ofgem doubles frequency of price cap review

Ofgem today committed itself to three-monthly reviews of the default retail price cap, doubling their half-yearly frequency. The move will take effect after the...

Sunak reacts to Ofgem’s “once in 30-year event”, as cap on energy bills rockets...

The new default price cap on home energy bills will rise 54% in April to £ 1,971, regulator Ofgem announced this morning.    The...