Octopus completes acquisition of Bulb

Extravagantly paid energy tyro Hayden Wood’s “too-big-to-fail” failed supplier Bulb, once the doyen of lying premier Johnson, finally collapsed into the arms of Octopus...

Infrastructure Bank offers councils £4 billion for heat networks, as D-BEIS warms three towns’...

More than £30 million from public funds is set to benefit heat networks in Hull, Peterborough & Wigan. Projects in the first two cities are...

Shapps reverses Truss ban, launches homes insulation drive in third week in December

Energy secretary Grant Shapps did at the weekend what libertarian PM Liz Truss refused to two months ago, launching an £18 million publicity drive...

Hunt ponders how to extend support for industries’ power bills beyond March

Chancellor Jeremy Hunt has reportedly asked Treasury officials to explore ways of prolonging into April & beyond the government’s protection of firms from their...

Government finds £102 million at Christmas to prime new nuclear & hydrogen

The Sunak administration today presented early gifts to investors in nuclear power and advanced hydrogen, finding parcels of £77 million and £25 million respectively...

Supermarkets team up with power co-ops to urge more green generation

High Street food giants including Tesco, M&S and Morrisons have joined forces with Community Energy England, calling for faster progress by PM Rishi Sunak...

Shapps greenlights Sizewell C, subsidised with £679 million of public cash

D-BEIS secretary of state Grant Shapps today confirmed the government’s approval for - and £679 million underpinning of - the 3.2GW Sizewell C nuclear...

Spring time for fitters: ECO+ drive promises to save UK homes £350…. but only...

The government today trumpeted a £ 1 billion programme intended to plug leaks in Britain’s homes, notorious as Europe’s leakiest.  But it won’t start...

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...

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...

Deeper windfall grab “likely on renewable gencos’ revenues”, as businesses benefit from bill relief

Chancellor Jeremy Hunt & premier Rishi Sunak are reported to be eyeing deeper first windfall taxes on renewable generators, as they attempt to plug...

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...

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...

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...

Energy security bill delayed, minister confirms

Britain’s first energy security bill for nearly ten years is undergoing a Whitehall re-think, a government minister has gone on record to confirm. Now in...

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...

Fracking ban lifted, as D-BEIS confirms 100 new North Sea licences

The government this morning tore up a manifesto commitment, rescinding Britain’s 2019 moratorium on onshore fracking for gas, citing the need to increase national...

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...

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...
Rolls Royce's vision of how a small nuclear reactor might look. The report acknowledges Rolls Royce's support.

Mini-nukes among winners of £3.3 million more taxpayer cash

Research into advanced modular nuclear reactors is set to progress with a further £3.3 million of government grants. Latest funding for projects under D-BEIS’s Advanced...