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Energy

  • 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.

  • 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.

  • 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?

  • 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.

  • Shell: European demand to boost LNG competition over next two years

    February 16, 2023

    Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years, Shell revealed on Thursday.

  • Concern for millions as Ofgem confirms forced prepayment meter ban ends in April

    February 16, 2023

    The suspension on forced installations only extends until the end of March, confirmed watchdog Ofgem in a letter to suppliers.

  • British Gas owner Centrica posts £3.3bn record profit – more than treble last year’s £948m

    February 16, 2023

    British Gas owner Centrica has unveiled record profits of £3.3bn - powered by soaring energy prices and historic market volatility.

  • Offshore wind plans must be sped up to meet energy security goals, green group warns

    February 16, 2023

    UK offshore wind pipeline has reached nearly 100GW - more than double its overall generation target to reach net zero.

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