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Energy

  • Nuclear industry defends Sizewell C project as Hinkley Point C is priced at £33bn

    February 20, 2023

    Sizewell C will be a huge boost to the UK's energy ambitions, argued the leading nuclear industry body amid concerns over costs.

  • OPEC+ decisions not politicised, Saudi energy minister insists

    February 20, 2023

    Decisions by OPEC+ are not politicised, argued Saudi Arabian energy minister Prince Abdulaziz bin Salman.

  • Prepayment customers twice as likely to go into debt, new data reveals

    February 20, 2023

    People with prepayment meters in their homes have been nearly twice as likely to dip into debt due to the cost of living crisis than others.

  • Energy providers demand government incentives to stop UK providers losing out on green projects

    February 20, 2023

    The energy sector is ramping up pressure on the government to bolster the investment climate for green projects.

  • Water companies ordered to share plans for fixing sewage spills as Coffey considers tougher fines

    February 20, 2023

    Water companies across England will have to explain why storm outflows are happening and what is being done to fix them.

  • BP and Shell: Will the mega profits of energy giants power our greener future?

    February 20, 2023

    BP and Shell have pledged to ramp up renewable spending to meet the UK's climate and energy security goals, but can we trust them?

  • UK risks missing energy goals due to poor investment climate, industry body warns

    February 20, 2023

    Britain’s climate targets and energy security goals are at risk from its poor investment environment, warns Energy UK.

  • Oil prices to stay high this year on China reopening and OPEC output snags, experts predict

    February 19, 2023

    Oil prices will be propped up this year by rebounding demand from China alongside tightening supplies into Europe and OPEC's capacity issues.

  • EDF: Inflation drives Hinkley Point C nuclear plant costs from £26bn to £33bn

    February 18, 2023

    EDF has told investors that the cost of Hinkley Point C nuclear plant could balloon to £33bn, a near 30 per cent hike on previous estimates.

  • Customers face higher bills as Ofgem double Covid allowance for suppliers

    February 17, 2023

    Ofgem has announced it will almost double the allowance it grants energy suppliers to recover some of the bad debt costs from the pandemic.

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