For ‘windfall tax’, read ‘profits levy’: Sunak doubles fuel help, as £15bn package offers...
After weeks of denying he’d impose a windfall tax on North Sea oil and gas extractors, Chancellor Rishi Sunak today bowed to Ofgem’s fears...
SSE posts full year Prelims: Pre-tax up 44% as reported, or 23% up, ‘steady state’-adjusted
Energy major SSE, with over 5 million domestic accounts, today posted preliminary accounts reflecting how big retailers got bigger during the year’s cull of...
Crisis: Price cap “hits £2,800 in October”, says Brearley, as Sunak mulls stretching windfall...
Domestic retail tariffs capped under Ofgem’s tweaked regime look set to rocket to £2,800 per year only five months from now, the regulator’s boss...
UK advances to 3rd on EY’s world renewables beauty parade
Britain has moved up two places to 3rd position on the biannual RECAI attractiveness index for renewable power investment, compiled by management consultants EY.
The...
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...
Octopus’ Kraken awakes, stretches beyond energy into water & broadband
Energy transaction platform Kraken is venturing beyond administering energy accounts, reaching today into other utilities such as telecoms, water & broadband.
Described as ‘cloud-native’, Kraken...
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...
“A disaster, selling consumers down the river”; money-saver Lewis lambasts Price Cap tweak
Ofgem this morning confirmed its much flagged intention to move from half-yearly to three-monthly reviews of domestic energy tariffs, in a revamp of the...
‘Renewables acting like baseload’: Octopus joins Essex-based £16 Bn pipeline to Morocco
Green mega-investor Octopus is teaming up with Billericay-based energy entrepreneurs seeking to pump renewable electricity from southern Morocco to Britain.
Essex start-up Xlinks announced in...
Paying the Bill: Energy figures react to Queen’s Speech
Reaction among energy players and commentators continued today to the Queen’s Speech proposals for energy, including on the sector’s contribution to Britain’s ever-tightening cost...
Strategic Innovation Fund: Ofgem calls competitors to starting blocks
Ofgem and Innovate UK have announced preferred topics for the second round of funding under the Strategic Innovation Fund (SIF). Applications will be accepted...
Ofgem sets up independent group to advise on Capacity Market
Regulator Ofgem has announced the setting up of an independent advisory group on Britain’s Capacity Market.
The CM is the marketplace which establishes values payable...
Grand gesture needed: SP boss seeks Johnson action to solve “truly horrific” crisis
Government intervention to cut £1,000 off Britain’s soon-to-rocket home fuel bills is needed, the CEO of Scottish Power urged today.
Keith Anderson toured broadcast studios...
Ofgem frees up £27 million to charities fighting fuel poverty
Energy regulator Ofgem is offering £27 million to fuel poverty campaigners & energy co-operatives in a bid to assist vulnerable homes caught in the...
Dawidosky completes management revolution at turbine makers Siemens Gamesa
Turbine-maker-in-a-spin Siemens Gamesa has appointed Tim Dawidowsky as its new chief operating officer.
The Hispano-German combine last month hired new CEO Jochen Eickholt in a...
Twenty million, and rising: Britain’s smart meters tick over into their third “ten-to-the-power-of-7” (*)
The Data Communications Company was this morning celebrating the 20 millionth smart meter to be connected to the UK’s secure national network.
As recently as...
WPD fined £14.9 million for neglecting protection of vulnerable customers
Britain’s biggest regional net operator Western Power Distribution has been fined £14.9 million for neglecting its duties in protecting vulnerable customers on its Priority...
When are intensive energy users not intensive energy users? When Whitehall decides they’re not
Leaders of Britain’s big industrial consumers of power and gas today gave two cheers to the government’s moves to protect them from rocketing energy...
BP’s Q1 profits 50% up, despite £16 billion Rosneft hit
Fossil fuel supermajor BP has posted underlying Q1 profits of nearly £5 billion, up 50% year on year, despite taking a £16 billion loss...
Fuel poverty becoming “a national health emergency”, NEA chief warns energy campaigners
Britain’s shame as table-topper of Europe’s worst insulated homes is already causing a health emergency of mental health stress and respiratory diseases, London campaigners...