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Energy

  • Energy bills could drop under £2,000 per year as Cornwall Insight slashes price cap prediction again

    January 19, 2023

    Energy bills could fall even further than expected next winter - with the price cap dropping below £2,000 per year.

  • Could UK’s nuclear power deadlock be broken by the emergence of ‘cheaper’ thorium SMR technology?

    January 19, 2023

    Danish energy specialist Copenhagen Atomics is proposing SMRs powered by molten salt and thorium to reach the UK's nuclear ambitions.

  • Great British Nuclear lacks ‘overarching strategy’, warns leading advisor

    January 18, 2023

    GBN is in need of an overarching strategy and lacks a clear role in securing the UK's energy independence, warns nuclear boss.

  • Harbour Energy plans job cuts in Scotland as toughened windfall tax bites

    January 18, 2023

    The North Sea's biggest oil and gas producer is planning job cuts in response to the windfall tax - as the backlash to the levy intensifies.

  • Total Energies to cough up £1.7bn to pay off hiked windfall taxes

    January 18, 2023

    French oil major TotalEnergies has confirmed it will take a £1.7bn hit in the fourth quarter from EU and British windfall taxes.

  • Antofagasta posts bullish outlook for 2023 as copper prices soar

    January 18, 2023

    Antofagasta is optimistic about its prospects this year after navigating higher input costs and an ongoing drought in Chile.

  • Oil be damned: Global demand for oil set to hit all-time high this year as China reopens

    January 18, 2023

    Global oil demand will reach a record high this year, and rise by nearly 2m barrels per day this year, as China eases pandemic restrictions.

  • UK and EU at risk of losing green energy projects to US unless investment matched, renewable firms warn

    January 18, 2023

    The UK and European Union are at risk of losing green energy projects to the US - if they fail to match its new investment environment.

  • Uncertainty around China’s reopening weighs on Rio Tinto’s expectations

    January 17, 2023

    China's reopening from pandemic restrictions risks labour and supply-chain shortages, warned Anglo-Australian miner Rio Tinto.

  • National Grid pays wind farm operators £82m to turn off fans amid calls to ramp up battery plans

    January 17, 2023

    National Grid forked out £82m to operators of wind farms last month to constrain supplies and reduce output amid blustery conditions.

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