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,...
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...
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...
Lifting ban on ‘acquisition-only’ tariffs would herald return to energy’s ‘Wild West’, says Octopus
Britain’s two-year old ban on energy price cuts designed to lure switchers away from their existing suppliers on rates lower than paid by existing...
Goodbye D-BEIS, hello Department of Energy Security & Net Zero
Premier Rishi Sunak’s Whitehall re-shuffle today revived a ministry focussed exclusively on energy matters, its concerns split away from wider business policy.
Replacing D-BEIS, the...
REA appoints Trevor Hutchings as CEO
Dr Nina Skorupska CBE is stepping down after 10 years as chief executive of the Association of Renewable Energy & Clean Technology (REA). From...
Charles booed by eco-protesters, as King’s Speech confirms bill to pump more fossil fuels
King Charles was reportedly booed by environmentalists as he and Camilla, the queen-consort left Parliament this morning after he delivered the King’s Speech.
Confirmed in...
Ofgem sets out 5 year masterplan to green & decarb UK power
Power markets regulator Ofgem today publishes its latest five-year strategy for Britain’s electricity system. ‘Protect, Build, Change, Deliver’ are its watchwords for speeding delivery...
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...
Cornwall: 15 more months of price cap pain
The Israel-Hamas conflict, strikes at an LNG conversion plant in Australia & disruptions to the Finnish Balticonnector are among causes set to keep predicted...
Homes “to get paid to dial down”: NG-ESO mulls paid load shifting for households
Britain’s backbone power operator is reportedly pondering paying domestic users to dial down demand at peak hours this winter, in a bid to stave...
British Gas profits surge tenfold, Centrica reveals
Shareholders at Centrica, owners of British Gas, will benefit by £144 million in dividends, as the UK-focused subsidiary today revealed profits soaring to £751...
Ofgem consults on replacing price cap
Britain’s energy regulator today opened up its long-promised consultation on the future of the retail price cap for domestic billpayers.
Ofgem defends the price cap...
Cornwall Insight: Overhaul market design to boost sensitivities between wholesale and retail
Root and branch reform of UK wholesale and retail energy markets is needed to avoid repeats of impending market failures threatening to pitch millions...
Energy crisis leaves millions still in hardship, study finds
A new way to define and measure which households are most vulnerable to the energy price crisis has been published to help policy makers...
‘More Brits worry this winter about energy bills’, as EdF pours £103 million more...
Research conducted by energy supplier EdF concludes that Brits are even more anxious about paying energy gas bills this winter than last.
Among 2,000 homes...
Ofgem drops retail price cap by 7% until September: not enough, say campaigners
The retail price cap on domestic energy tariffs will fall by 7% to £1,568 per year, calculated on a putative ‘average’ bill per home’s...
“Devastating” Cornwall view: Price cap “to stay above £3,000 until at least 2024”
Two continuing years of unprecedented consumer misery from fuel bills are predicted in latest research from analysts Cornwall Insight.
The respected energy economists this morning...
Orbit Energy heads Ofgem’s hunt for unpaid FiT levies
Ofgem has issued five suppliers with provisional orders compelling them to pay a total of £575,000 now for Feed-in Tariff (FiT) payments outstanding since...
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...