Energy costs top Covid recovery as corporates’ main concern, survey finds
Energy costs have overtaken the recovery from Covid-19 as the top concern for UK businesses, according to a new report released today. Four in...
Regulator clamps down on crashed suppliers’ direct debits & swollen credit balances
Ofgem today introduced tougher financial requirements on home energy suppliers, designed to stave off a repeat of last year’s collapse of 28 firms licenced...
EDF agrees six month coal extension, as UK hedges against Putin
Fears over power shortages this winter sparked by the Ukraine war have prompted D-BEIS secretary Kwasi Kwarteng and the UK’s biggest remaining coal-fired generator...
For ‘windfall tax’, read ‘profits levy’: Sunak doubles fuel help, as £15bn package offers...
After weeks of denying he’d impose a windfall tax on North Sea oil and gas extractors, Chancellor Rishi Sunak today bowed to Ofgem’s fears...
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...
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...
“A disaster, selling consumers down the river”; money-saver Lewis lambasts Price Cap tweak
Ofgem this morning confirmed its much flagged intention to move from half-yearly to three-monthly reviews of domestic energy tariffs, in a revamp of the...
Paying the Bill: Energy figures react to Queen’s Speech
Reaction among energy players and commentators continued today to the Queen’s Speech proposals for energy, including on the sector’s contribution to Britain’s ever-tightening cost...
Grand gesture needed: SP boss seeks Johnson action to solve “truly horrific” crisis
Government intervention to cut £1,000 off Britain’s soon-to-rocket home fuel bills is needed, the CEO of Scottish Power urged today.
Keith Anderson toured broadcast studios...
Ofgem frees up £27 million to charities fighting fuel poverty
Energy regulator Ofgem is offering £27 million to fuel poverty campaigners & energy co-operatives in a bid to assist vulnerable homes caught in the...
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...
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,...