New hydrogen levy is ‘harmful’ and could stoke inflation, Tory MPs warn February 12, 2023 Plans for a new tax on energy bills to fund research into hydrogen have been opposed by senior Tory MPs arguing it would be “harmful."
IEA: Surging renewables to become dominant electricity source within three years February 11, 2023 Electricity demand and worldwide energy supplies are becoming increasingly weather dependent, reveals the IEA.
Energy suppliers to halt forced prepayment installations, Shapps confirms February 11, 2023 Energy firms will stop forcing vulnerable households onto prepayment meters amid pressure on the industry from Downing Street.
Russia slashes oil output by 500,000 barrels per day in response to Western sanctions February 11, 2023 Russia will cut oil production by 500,000 barrels per day after the West imposed price caps on Russian oil and products.
UK risks ‘mothballing multi-billion pound projects’ by persisting with windfall tax on electricity generators – green energy boss February 9, 2023 The UK risks losing out to US and EU if it persists with the windfall tax on electricity generators, says a green energy boss.
Drax rules out power cuts as Unite announce nine days of strikes at energy plant February 8, 2023 There is no threat to electricity supplies to homes and businesses, argued energy giant Drax, despite Unite's calls for strikes.
Price of a litre of diesel falls below 170p for first time since March last year February 8, 2023 The average price of a litre of diesel has fallen below 170p for the first time in 11 months, according to data from Experian.
Total profits as French energy giant joins rivals with record £29.9bn earnings February 8, 2023 Oil and gas major Total Energies has joined the profits party alongside its rivals, posting record full-year earnings of £29.9bn.
Equinor joins rivals Shell and BP with record £23.8bn profits as Norwegian energy giant props up Europe’s gas supplies February 8, 2023 Equinor has posted record £23.8bn full-year profits powered by soaring oil and gas prices, in line with bumper results from rival firms.
BEIS break-up: New department will help government combat energy crisis, argue experts February 7, 2023 Experts say the break-up of BEIS and the emergence of a new energy department could improve government decision making.