Industry body backs fracking revival September 8, 2022 One of the UK's leading energy bodies has welcomed the Government's decision to lift the moratorium on fracking.
Free market think tanks criticise Truss’s energy price freeze September 8, 2022 Free market think tanks have said that the government’s plan to freeze energy bills will be ineffective and does not sufficiently target those most in need of support. “The energy price freeze is middle class welfare on steroids,” Andy Mayer, CEO of the Institute of Economic Affairs, said. “It represents a gigantic, untargeted handout to [...]
Energy firms welcome Government support package for households September 8, 2022 Energy firms have broadly welcomed the announced support package for households this winter, but called for more focus on demand.
Renewable generators to be shifted onto new contracts in market shake-up September 8, 2022 The Government will introduce new fixed price contracts for existing renewables generators, taking them off lucrative legacy deals.
Cornwall Insight eases price cap predictions amid supply boost September 8, 2022 Cornwall Insight has eased its predictions for the price cap over the coming months - although rates will remain historically high.
Octopus welcomes historic support package for households this winter September 8, 2022 The Government's historic intervention in the energy market has been welcomed by Octopus chief Greg Jackson.
All eyes on the Pound as Sterling set for bounce on Truss’s energy bill freeze September 8, 2022 It’s a big day in the markets with Liz Truss set to confirm her energy plans. The proposals are set to place a huge burden on the UK’s already strained finances. UK energy bills are set to rise to more than £3,500 a year for the average household from October, with Truss expected to outline [...]
Russia threatens to halt energy shipments into Europe September 8, 2022 Russia could halt all energy shipments into Europe if the West pushes through proposals for caps on the price of gas, warned Putin.
North Sea watchdog waiting on Government to begin oil and gas licensing September 7, 2022 The North Sea Transition Authority is still waiting for the Government to define the environmental criteria for oil and gas exploration.
North Sea body and unions warn offshore workers against wildcat strikes September 7, 2022 The UK's leading North Sea body has warned against wildcat strikes tomorrow, as have unions including GMB, RMT and Unite.