Conservatives find new ‘Cost-Plus-Revenue Limit’ work-around for “windfall tax”

The Truss government this afternoon tabled its promised new bill to write into law relief offered to homes and businesses from rocketing energy tariffs. Energy...

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...

Energy Security bill: stakeholders offer reaction

Industry observers have reacted to the government’s new energy security bill. As the lame-duck Johnson administration enters its supposedly final weeks, the bill aims to...

MA Energy defaults from Balancing & Settlement Code

London-based business power retailer MA Energy has reportedly defaulted out of Elexon’s Balancing & Settlement Code, meaning it cannot take on further customers. Elexon’s removal...

“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...

Energy efficiency forgotten in Truss’s uncosted crisis rescue, IfG warns

Britain needs to learn from its neighbours in tackling soaring energy bills, not least in remedying its long-neglected insulation for homes and factories, a...

Gas crisis: Energy companies float CfD variant as solution

Energy suppliers are asking the government to launch a variant on contracts for difference (CfDs) as a way of spreading the rocketing costs of...

Crisis: Price cap “hits £2,800 in October”, says Brearley, as Sunak mulls stretching windfall...

Domestic retail tariffs capped under Ofgem’s tweaked regime look set to rocket to £2,800 per year only five months from now, the regulator’s boss...

Mass capping of home energy bills at average £2,500 to end in April, Chancellor...

A review next April of recently deposed Chancellor Kwasi Kwarteng’s £90 billion support for UK homes faced with drastically higher energy bills was signalled...

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...

MPs eviscerate Ofgem’s failed oversight of 29 supplier collapses

Britain’s energy market regulator was for years asleep at the wheel as it allowed under-capitalised new suppliers unsustainably to break the Big Six’s dominance...

Ofgem to consult in November on Price Cap reform

Britain’s energy regulator will consult in November on reform to the Price Cap mechanism regulating energy sales to 15 million UK domestic consumers. Ofgem wrote...

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....

Rees-Mogg dodges Parliament, puts numbers on 6-month business retail energy cap

New energy secretary Jacob Rees-Mogg announced this morning that businesses will have a six-month cap, their first ever, to curb rocketing energy prices. A ceiling...

Crisis latest:  Windfall tax on oil majors, say Labour: Keep Net Zero measures & tax carbon,...

The ‘temporary’ energy price crisis of suspected No.10 party-attender and beleaguered premier Johnson has ground on into its fourth month, with an appeal from...

SSE posts full year Prelims: Pre-tax up 44% as reported, or 23% up, ‘steady state’-adjusted

Energy major SSE, with over 5 million domestic accounts, today posted preliminary accounts reflecting how big retailers got bigger during the year’s cull of...

Energycos seeking public guarantees must have a Net Zero strategy, says Bank of England

Beleaguered energy retailers seeking public financial support to underwrite their hedging of gas and power trades must show Treasury civil servants their detailed plans...

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...

“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...