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Energy

  • 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.

  • Capricorn ditches Newmed merger deal after activist coup

    February 15, 2023

    British oil and gas producer Capricorn Energy has pulled the plug on its planned merger with Israeli gas group Newmed Energy.

  • Households could start switching energy suppliers in bid for cheaper deals as price cap plummets

    February 15, 2023

    Millions of Brits could switch supplier later this year, with the energy market expected to become more competitive as gas prices ease.

  • Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments

    February 14, 2023

    Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.

  • Woodside Energy books £3.6bn depreciation expense

    February 14, 2023

    Australia's Woodside Energy Group will book a nearly £3.6bn expense this year, after changes in its asset depreciation calculation.

  • Planning overhaul needed for UK’s energy security, nuclear industry warns

    February 14, 2023

    The nuclear industry has urged the government to make the planning system less hostile to new nuclear projects.

  • Commodity specialist Fulcrum enters AIM market after £3m fundraiser

    February 14, 2023

    Fulcrum Metals has gained admission to the AIM market on the London Stock Exchange, following a successful £3m fundraiser.

  • Green energy firms demand National Grid boost storage after lack of facility saw it pay them £99m to turn generators OFF

    February 13, 2023

    Green energy firms are calling on National Grid to boost storage capabilities after it handed out £100m to energy producers last month.

  • Energy: UK forked out £90bn protecting customers from Russian supply squeeze as Europe spent £700bn

    February 13, 2023

    European countries have forked out over £700bn to shield businesses and households from soaring gas prices since the energy crisis began.

  • INEOS secures £3.1bn to build Europe’s greenest ‘cracker’ power plant

    February 13, 2023

    The Belgian chemical arm of INEOS has raised £3.1bn (€3.5bn) to build the most environmentally sustainable cracker in Europe.

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