Budget: 350,000 small firms at risk of ‘shrinking, restructure or closure’ unless energy bill help extended – FSB March 13, 2023 Companies on fixed-term energy contracts are at risk of being exposed to ultra-high prices, warned a leading industry group.
Sunak to challenge Biden over US green subsidy package at upcoming talks March 13, 2023 The UK and US will “work through” concerns about green subsidies, Rishi Sunak revealed ahead of talks with President Joe Biden.
It’s time to move away from burning wood pellets for our energy needs March 13, 2023 The government should ditch the vast subsidies for biomass if it is serious about green energy, argues Nicholas Earl.
Octopus pledges €1bn to boost France’s green energy market with one million customer target March 13, 2023 Octopus has announced plans to further expand its investment strategy in France with a billion euro spending pledge.
Lithium discovery could revive Cornwall’s industrial past as new green energy hub March 13, 2023 A leading geothermal specialist has discovered lithium at its development projects in Cornwall, which could make the county a new green hub.
Budget: Childcare support and energy bills on Hunt’s to-do list March 12, 2023 Ending the prepayment meter penalty on energy bills and boosting childcare support for the poorest parents are among measures set to be announced in the spring budget. Chancellor Jeremy Hunt this weekend confirmed households on prepayment meters will no longer pay more than people on direct debits, as of July 2023. Energy security secretary Grant [...]
Hunt pledges £20bn for carbon capture and nuclear ramp-up in clean energy push March 11, 2023 The government will commit billions of pounds to new energy projects at next week’s budget, in a bid to compete with rival markets.
EU nations agree deal to reduce energy consumption by almost 12 per cent March 10, 2023 European Union member countries and negotiators from the EU Parliament have agreed on a provisional deal aimed at reducing energy consumption across the 27-nation bloc. Under the agreement, EU countries must achieve the goal collectively to ensure a reduction of consumption of at least 11.7 per cent compared with the forecasts for 2030 made three [...]
Give Great British Nuclear the funding it needs to revive declining sector, industry boss warns March 10, 2023 Jeremy Hunt needs to provide more clarity over the funding of Great British Nuclear in the budget next week, says industry boss.
North Sea flaring falls by 50 per cent following clampdown March 9, 2023 Flaring in the North Sea has fallen by 50 per cent over the last four years after oil and gas firms operating there were put under tougher measurers to make production cleaner, according to new analysis from the North Sea Transition Authority (NSTA).