Ithaca Energy hesitates over stake in controversial Rosebank oil field April 3, 2023 Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, City A.M. understands.
Recharge looks to rehire former Britishvolt execs as rescue deal falters April 2, 2023 Recharge has been holding talks with two former top executives amid concerns its attempt to rescue Britishvolt is faltering.
British Gas, Scottish Power and E.On LOSE High Court row over handling of Bulb sale – but it might not be over yet March 31, 2023 Three major energy suppliers have lost their High Court challenge over the Government’s handling of the sale of collapsed energy firm Bulb.
Drax shares fall after £2bn project misses out on UK carbon cash March 30, 2023 The owner of the UK's biggest power station is racing to secure a last-ditch lifeline for its £2bn carbon capture biomass project.
Petrofac and Hitachi Energy team up for £11.5bn offshore wind agreement March 30, 2023 Petrofac was awarded an £11.5bn framework agreement with Hitachi Energy by Dutch-German electricity grid operator Tennet.
Ofwat clampdown on water exec bonus pay: Brits will NOT foot bill if performance targets missed March 30, 2023 Customers will not have to fund bonus payments if suppliers fail customer and environmental performance targets.
What was in ‘Green Day’? How has the energy sector responded? March 30, 2023 Grant Shapps outlined plans to boost the UK's green energy revolution this morning, but has faced strong blowback from the industry.
Green Day: Industry slams government over lack of new policies to rival US subsidies March 30, 2023 The UK risks falling behind its rivals in the global green energy race, after Whitehall’s latest raft of policies failed to cough up cash.
NAO questions Octopus’ finances after Bulb takeover – but deal will save the taxpayer money March 29, 2023 The UK’s public spending watchdog has raised concerns over Octopus' “weaker financial position than its rivals” following its takeover of Bulb.
Ovo Energy weighs up Shell takeover in bid to overtake Octopus and EON March 29, 2023 Ovo Energy is weighing up a potential takeover of Shell's household energy business which could boost its books with 1.4m more customers.