UK sanctions chill Gazprom; loses LSE fund-raising rights, & customers look elsewhere
The British government has stripped Putin-dependent energy giant Gazprom of its right to raise funds on London’s globe-spanning capital markets. Meanwhile its UK arm...
BP and Shell sever Putin ties, as Total retains them
Divestment by western fossil fuel majors from partnerships in Vladimir Putin's Russia stumbled onwards today, with observers questioning continuing involvement by TotalEnergies and Exxon.
Shell,...
Schtum on prices, Centrica boss says UK gas supplies ‘unaffected’ by Putin’s Ukraine attack
British Gas’ eleven million consumers will face no interruption to gas supply after Vladimir Putin unleashed his duplicitous attack today on democratic Ukraine, Centrica’s...
New oil digs in North Sea ‘marginal’ in lowering UK consumer bills, say government...
New exploration licences granted by the government to boost declining North Sea oil production will have ‘at most a marginal effect’ in lowering bills...
D-BEIS primes first wave of LDES projects with £6.7 million
Two dozen hopeful ventures in energy storage are to benefit from competition prizes worth £6.7 million.
Energy ministry D-BEIS confirmed the wins yesterday across competing...
Octopus’ KrakenFlex stretches leg into Hydro REIN tie-up
KrakenFlex, Octopus Energy’s flexibility platform driving its international expansion into support services, has struck a deal in Canada, likely to run on into three...
Germany suspends Nord Stream 2, in reaction to Putin’s Ukraine provocation
Chancellor Olaf Scholz this morning halted Germany’s licencing of the completed Nord Stream 2 gas pipeline in reaction to Russia’s recognition of two rebel...
CRISIS: SoLR expenses for failed suppliers adds £34 in DUoS charges to every bill,...
Beleaguered energy regulator Ofgem today faces fresh evidence of the costs its oversight of failed power suppliers has inflicted on consumers, in consequence of...
Government doubles up on CfD auctions, as Kwarteng presses pedal to the metal
Joy has broken out in Britain’s renewables sector, in reaction to D-BEIS committing yesterday to double its frequency of Contracts for Difference (CfD) auctions...
Brexit ‘far from over’ in energy sector, says new research
Researchers at the UK Energy Research Centre have delivered their verdict so far on the effects which Britain’s quitting the EU has had on...
CRISIS: Every quarter given: Ofgem doubles frequency of price cap review
Ofgem today committed itself to three-monthly reviews of the default retail price cap, doubling their half-yearly frequency. The move will take effect after the...
Sunak reacts to Ofgem’s “once in 30-year event”, as cap on energy bills rockets...
The new default price cap on home energy bills will rise 54% in April to £ 1,971, regulator Ofgem announced this morning. The...
BREAKING: Ofgem to announce new Price Cap tomorrow, Thursday 3 February at 11:00am
Ofgem this morning confirmed it will release tomorrow at 11:00am its new calculation of the default Price Cap on retail tariffs for domestic energy.
Industry...
Crisis: Without market redesign, expensive gas could ‘continue beyond 2030’, Cornwall predicts
Respected energy analysts Cornwall Insight today found themselves at odds with Britain’s embroiled prime minister, as they revealed research predicting that volatile gas prices...
Renewables-supporting Brits reject scrapping ‘green taxes’ to fend off price hikes
A poll of 2,000 Britons released today gives the lie to beliefs propagated by MPs and newspapers on the Conservative right that the public...
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...
Insulation tax break needed before homes are sold, say 40 energy & building leaders
Chancellor Rishi Sunak should offer tax incentives to home owners, spurring them to increase insulation in their homes before the properties are put up...
Whitehall’s £31.6 m floats turbines higher
Eleven offshore wind farms equipped with floating turbines are to benefit from grants totalling £31.6 million, the government announced today.
D-BEIS’s Floating Offshore Wind Demonstration...
D-BEIS nixes Russian oligarchs’ 2 GW cross-Channel interconnector
Britain’s energy ministry has rejected a £1.2 billion plan by a major donor to the Conservative Party to build a 2GW power interconnector from...
Crisis latest: Kwarteng stands by price cap, downplays government relief on bills before March
Energy secretary Kwasi Kwarteng today re-stated his commitment to a continuation of the default price cap, urging energy customers and retailers to bide their...