Cost of bailing out failed firm Bulb Energy balloons to £6.5bn November 17, 2022 Bulb Energy's inglorious year-long stint in special administration has cost £6.5bn, according to the latest reports from the OBR.
Government commits £6bn for energy efficiency drive to ease record bills November 17, 2022 The Government has committed further funding for a nationwide drive to boost the energy efficiency of people's homes.
Hunt hits renewables with levy and boosts windfall tax in £30bn-plus tax hike November 17, 2022 Hunt has announced a £14bn tax grab on domestic energy producers, bringing renewables into the toughened regime for the first time.
Over 10m people at risk of exposure to record energy bills if Treasury cuts support November 16, 2022 Over 10m people in fuel poverty could be excluded from support packages for their energy bills, warned progressive think tanks SMF.
North Sea oil and gas production will be hit by hiked windfall tax, says Investec November 16, 2022 The UK jeopardises future North Sea oil and gas production, if the windfall tax is toughened up tomorrow, argued Investec.
Government in danger of missing nuclear targets, warns industry boss November 16, 2022 The Government is in danger of missing pledged targets to ramp up nuclear power and boost the UK's supply security.
SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
Indonesia reaches £17bn climate partnership with world’s wealthiest nations November 15, 2022 A group of the world's wealthiest nations has entered into a $20bn energy partnership with Indonesia, which hosting the G20 summit.
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
Rosneft plans £3bn dividend payout as Russia scrambles for revenues November 14, 2022 Rosneft has confirmed it will make its first ever nine-month dividend pay-out, as Russia scrambles to raise revenues to boost flagging economy.