Harbour Energy’s bumper profits wiped out by £1.3bn hit from windfall tax March 9, 2023 Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings from the new levy.
National Grid is the biggest roadblock to reviving onshore wind, argues Octopus March 8, 2023 The biggest challenge for onshore wind developments is the slow speed of connections on the grid, argued the boss of Octopus Renewables.
Tullow Oil’s shares tumble as company stays cautious over output March 8, 2023 Tullow Oil has kept its forecasts for steady output and lower cash flow this year, sending its shares lower on the London Stock Exchange.
Citizens Advice calls for better use of personal data to create social tariff March 8, 2023 The government should use Brits' personal data about income tax rates and energy usage to create a new social tariff, argues Citizens Advice.
UK risks energy tech exodus without more funding, battery boss warns March 8, 2023 The UK risks an energy tech exodus to rival markets unless it offers more funding, the boss of AMTE Power has warned.
UK fires up coal plants to keep country’s lights on amid cold winter snap March 7, 2023 National Grid is relying on coal to keep the lights on as a cold snap and planned nuclear shutdowns in France put pressure on the UK.
Exclusive: Labour’s Ed Miliband holds talks with North Sea industry boss as party ‘prepares for power’ March 7, 2023 Ed Miliband has held talks with David Whitehouse, the new chief executive of industry group Offshore Energies UK, City A.M. understands.
‘Beast from the East’ forces National Grid to call for the firing up of four coal plants as cold snap hits the UK March 7, 2023 National Grid has called for the warming up of four of the UK’s five contingency coal units ahead of a sustained cold snap.
Apollo makes another takeover swoop for Wood Group March 7, 2023 Shares in energy and consulting firm Wood Group surged today after it revealed a £1.6bn takeover swoop from US buyout giant Apollo, its fourth bid for the firm. The London-listed engineering and energy consulting firm, which has rejected the three previous cash offers on the grounds they undervalued the firm, said it was set to [...]
Eon set for hiring spree to handle strain of energy crisis on customers March 7, 2023 Renewable supplier Eon Next has announced plans to hire more than 1,300 people to improve its services for customers.