Gas operating profits rise fourfold at SSE during six months to September

Operating profits from the gas and thermal energy division alone of vertically integrated generator-retailer SSE soared to £248million on an adjusted basis in the...

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...

Crisis: Scrapping green levies “saves only £13 a month” says REA, as government consults...

Removing the ‘green levies’ element in gas and electric bills will save average home consumers no more than £153 per year, the Renewable Energy...

Supply crisis: Brearley hints at tougher rules on retailers’ financial strength

Reforms to avoid a repeat of this year’s cull of two dozen energy suppliers must require licencees to prove greater financial resilience, Ofgem’s chief...

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...

Ofgem names and shames providers over help for struggling energy clients

Weak processes to support customers at risk of arrears, an inability to identify them, and lost account data have incurred the wrath of Britain’s...

Crisis latest: Kwarteng stands by price cap, downplays government relief on bills before March

Energy secretary Kwasi Kwarteng today re-stated his commitment to a continuation of the default price cap, urging energy customers and retailers to bide their...

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...

Hunt levies new 45% tax on generators, ups windfall on oil & gas extractors...

Chancellor Jeremy Hunt introduced a new tax on power generating companies of 45% on excess profits in this morning’s Autumn Statement. The “temporary” levy...

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...

Ofgem director Farnish quits over price cap calculation

Beleaguered energy regulator Ofgem faced further pressure this morning, with news that Christine Farnish, a non-executive director sitting on its supervisory board GEMA, has...

London Mayor to offer grants up to £20k to insulate 3,200 fuel-poor homes

London Mayor Sadiq Khan is assembling a £51 million pot aimed at insulating the capital’s fuel-poor and leaky homes.   Grants of up to £20,000...

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...

Elexon to administer Truss’s price guarantee payments to suppliers

Energy trading platform Elexon has been appointed to administer payments to suppliers, authorised under the Truss administration's Energy Price Guarantee (EPG). Elexon manages the Balancing...

Renewables-supporting Brits reject scrapping ‘green taxes’ to fend off price hikes

A poll of 2,000 Britons released today gives the lie to beliefs propagated by MPs and newspapers on the Conservative right that the public...

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...

Energy industry slates Chancellor

Generators, retailers and advocates for British energy lined up this morning to voice  disquiet and quiet dismay over chancellor Jeremy Hunt’s tax raises on...

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...

Energy bills to spark “humanitarian crisis”, say top NHS officials

This winter’s promised soaring energy costs will inflict worsening health for bill payers and their families, provoking a humanitarian crisis, NHS leaders warned today. Speaking...

Ofgem’s ’decade of lax oversight’ leaves consumers on hook for billions, Citizens Advice charges

Britain's energy regulator failed to act against unfit energy suppliers for nearly a decade, leaving the market vulnerable to this year’s spike in wholesale...