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...
Teachers strike in Scotland, eh?: Canucks pile on to a quarter of SSE’s pylons
Snowy-booted visitors from northern America today descended once again on the snowy-booted electricity engineers of north Britain, as a big Canadian public-sector pension fund...
Ofgem lifts price cap to £4,279; but government’s EPG shields customers
Energy regulator Ofgem this morning raised to £4,279 the annual price cap for power and gas retailed to households. The new cap comes into...
Ofgem singles out 17 suppliers over slack customer support
Energy regulator Ofgem today named and shamed 17 retailers for shortcomings and slackness in their handling of customers on the brink of ducking energy...
May sounds British firms’ “mayday” for 1.5 degree cap on planet heating this century
Former prime minister Theresa May today led calls from British businesses to keep the 1.5 degree Paris climate target alive, as the UN climate...
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...
Britain lags in race for renewables, says new REA study
As Premiership players begin their break over the five weeks of Qatar’s controversial World Cup, away from football Britain already languishes in Europe’s “relegation...
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...
Yoking renewables earnings into Hunt’s windfall tax “disproportionate to clean generators’ profits”, says Cornwall
Any move by Chancellor Jeremy Hunt to extend to renewable power retailers the government’s windfall tax on excess energy profits would be unfair on...
Equans & HM Government prime efficiency start ups with £2 million
Equans, the corporate energy & facilities management advisory offshoot of French-parented power giant Engie, is backing two British start ups in IT, targeting energy...
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...
Italian jobs: Octopus twins with Milan’s Nexta Capital
Octopus Energy Group’s continental European adventure turned south east today, as the renewables mega-developer returned to Italy, unveiling a collaboration deal with Nexta Capital,...
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...
Truss “blocks D-BEIS adverts on energy saving”, leaves firms to step up
Premier Liz Truss has reportedly blocked her energy secretary from running a £15 million publicity campaign encouraging homes to cut energy consumption.
The Times this...
North Sea: Government’s 100 new licences to ‘drill, baby, drill’
Britain's oil and gas regulator this morning began delivering on the Truss administration’s enthusiasm for hydrocarbons, inviting interest towards its likely authorising of 100...
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...