Business energy bills: Treasury pledges £5.5 billion of support for twelve months beyond March
The government this evening unveiled new levels of public support for businesses’ energy bills beyond March 30, when the first six-month phase of current...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Rees-Mogg dodges Parliament, puts numbers on 6-month business retail energy cap
New energy secretary Jacob Rees-Mogg announced this morning that businesses will have a six-month cap, their first ever, to curb rocketing energy prices.
A ceiling...
More solar “clearly in Treasury’s interest”, say lobbyists urging price reforms
Liz Truss’ new steps to curb soaring energy prices mean expanding Britain’s installed base of solar generation makes more sense than ever, trade body...
Bills crisis: Truss starts split of power prices from gas costs, protects oil extractors,...
The first act of Liz Truss’ government opened this morning, with the prime minister announcing her much-trailed package to ease the crisis of rocketing...
Energy ministers silent and absent, as Ofgem raises price cap to £3,549 from October
As widely predicted three months ago, regulator Ofgem today confirmed a 80% rise in the increasingly discredited retail price ‘cap’, with average annual household...
Energy bills to spark “humanitarian crisis”, say top NHS officials
This winter’s promised soaring energy costs will inflict worsening health for bill payers and their families, provoking a humanitarian crisis, NHS leaders warned today.
Speaking...
Ofgem director Farnish quits over price cap calculation
Beleaguered energy regulator Ofgem faced further pressure this morning, with news that Christine Farnish, a non-executive director sitting on its supervisory board GEMA, has...
Crisis: Scrapping green levies “saves only £13 a month” says REA, as government consults...
Removing the ‘green levies’ element in gas and electric bills will save average home consumers no more than £153 per year, the Renewable Energy...
Price cap torture “set to worsen”: Cornwall ups forecasts for Q1 next year to...
The excruciating pain already showing itself in Britain’s homes from now quarterly rises in Ofgem’s price cap on home energy, is set to increase,...