“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,...
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...
Crisis: Without market redesign, expensive gas could ‘continue beyond 2030’, Cornwall predicts
Respected energy analysts Cornwall Insight today found themselves at odds with Britain’s embroiled prime minister, as they revealed research predicting that volatile gas prices...
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...
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...
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...
Ovo “to cut 1,700 jobs” amid crisis
Ovo Energy is reportedly contemplating cutting up to a quarter of its workforce, as the world’s accelerating wholesale gas crisis bites into its biggest...
Crisis: Gas hike set to outlast “temporary” Johnson, as Centrica and Ovo moot green respite
Britain’s head of government, confessed attender at a No 10 lockdown party and late apologist for insulting the conscientious, suffered further humiliation today, as...