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Energy

  • Rolls-Royce wins funding to develop nuclear reactor for Moon exploration

    March 17, 2023

    Rolls-Royce has received £2.9m funding from the UK Space Agency to develop a nuclear reactor for a Moon base.

  • Ofgem smacks supplier with £2.1m mega-fine for overcharging customers

    March 17, 2023

    Ofgem has slapped United Gas & Power with a hefty £2.1m fine after determining it had breached its licence conditions.

  • EU announces plans to lead green industrial revolution

    March 16, 2023

    The European Commission presented the centrepieces of a strategy on Thursday to ensure the EU can compete with US and China.

  • UK risks losing out on green energy projects under latest government auction plans

    March 16, 2023

    The UK will miss out on vital investment in energy projects in the upcoming renewable auction this month, warned Renewable UK.

  • Energy bosses urge Hunt to bring in social tariff to support vulnerable households

    March 16, 2023

    Energy bosses have called for a social tariff to ease pressure on households facing record bills, with Hunt extending support in the Budget.

  • Coal for Christmas? National Grid to pursue emergency supplies for next winter

    March 16, 2023

    National Grid has been requested by the government to explore the procurement of coal power plants for next winter.

  • Green Day: UK to fight back against Biden’s Inflation Reduction Act

    March 16, 2023

    The government will finally respond to the vast package of green energy subsidies and tax cuts unveiled across the pond.

  • Oil demand set for huge boost from China with 2023 to end ‘with a bang’, says IEA

    March 15, 2023

    The IEA says oil demand is edging up slowly but is set for a huge boost from resumed air travel and China's economic reopening.

  • Budget: Five changes to energy policy – and one that got away

    March 15, 2023

    City A.M. looks at the five biggest developments in the energy sector announced in Hunt's budget - and the one that got away.

  • Budget: Energy bills to drop £1,000 by July but will not fall below £2,000 by October

    March 15, 2023

    Cornwall Insight has unveiled its price cap predictions ahead of the Budget, raising expectations of a sharp fall in energy bills.

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