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...
Speed up Britain’s drive to Net Zero, Tory ex-minister Skidmore urges
Green investors have welcomed a far-ranging acceleration of Britain’s Net Zero ambitions, advocated by Conservative MP Chris Skidmore.
The former energy minister was asked by...
Energy co-ops slam Johnson’s Net Zero Strategy
Leaders of England's 300-plus power co-operatives have slammed the Johnson administration's Net Zero Strategy. They say it shuns the work of thousands of hard-working...
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...
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...
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...
Hydrogen fuelling London to San Francisco jets? That’ll be Fly Zero
Long haul flights for up to 279 passengers in a British-designed, hydrogen-fuelled plane blipped up as a prospect on airlines' radar this morning, courtesy...
Toasty! Government draws down another £19 million for heat networks
Britain’s embrace of low-emissions heat networks is set to warm further, fuelled by £19.1 million of new support from Whitehall announced late last month.
Piped...
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...
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...
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...
Sizewell C: Kwarteng finds £100 million to lure investors
Prospects for Sizewell C, Britain’s second new nuclear mega-project, advanced today as energy secretary Kwasi Kwarteng confirmed £100 million of government cash to encourage...
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...
Solar farms still most popular form of renewables, government survey confirms
Large scale solar farms remain overwhelmingly popular with neighbours and local voters, a government study has revealed.
More than four in five – or 81%...
Hydrogen’s second wind: winners share £60 million in D-BEIS prizes
Innovators involved in Britain’s pursuit of hydrogen in its green as well as less green variants are today celebrating wins in a government competition.
D-BEIS...
Sizewell C decision still on hold, this time until July
Energy ministers at D-BEIS have for a second time delayed taking a final decision on the development consent order (DCO) for the Sizewell C...
Vattenfall gets Whitehall’s green light for 1.8 GW Norfolk Boreas farm, waits on Vanguard
Another giant offshore wind farm in the North Sea, potentially surpassing with its twin the world’s biggest venture 100 kilometres to the north, has...
Competition watchdog finds ‘cause for concern’ in refineries’ pricing
Cartel-busters at the government’s arms-length Competitions and Markets Authority have reported to D-BEIS their ‘cause for concern’ in the trading margins posted by Britain’s...
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...
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...