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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Green generator ‘lawyers up’, goes gunning for Hunt’s ‘smash & grab’ EGL
Energy ministry D-BEIS and Chancellor Jeremy Hunt face a legal threat this morning from a £2 billion investor and builder of 1.5GWp of wind...
Whitehall advisor Peter Mather “quits BP”, after ‘conflict of interest’ fears
A senior advisor on government energy policy has reportedly stepped down from the BP payroll, as an investigative news source voiced concerns over a...
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...
Shapps publishes suppliers’ performance on Energy Bill Support vouchers
Energy firms vary unacceptably in their success or lack of it in delivering energy savings vouchers to to customers struggling with high prepayment meter...
Goodbye D-BEIS, hello Department of Energy Security & Net Zero
Premier Rishi Sunak’s Whitehall re-shuffle today revived a ministry focussed exclusively on energy matters, its concerns split away from wider business policy.
Replacing D-BEIS, the...