OEUK: UK must double wind turbine installation rates to meet energy targets September 4, 2022 OEUK argues the Government will have to at least double the rate of offshore wind turbine installations to meet its energy security goals.
Sigh of relief as energy price cap forecasts drop by more than £2,000 in just a week September 4, 2022 The forecasts for next year’s energy price caps have once again dropped as gas prices fell this week. Auxilione, a consultancy that updates its predictions daily, reduced its price cap forecast for April next year by £23 – the third drop in a row. The forecast for April’s cap is now £5,539 per year for [...]
Ofgem chooses bidder to operate connections for world’s largest wind farm September 2, 2022 Ofgem has selected the preferred bidder to operate the connection link serving the Hornsea 2 offshore wind farm.
G7 confirms plans to cap Russian oil prices September 2, 2022 Plans to impose an energy price cap on Russian oil are expected to be firmed up by G7 finance ministers when they meet later today.
Siemens Gamesa finalises sale of renewable assets to SSE for €613m September 2, 2022 Siemens Gamesa has completed the sale of its South European renewables development assets to SSE in a €613m deal.
Westminster push for North Sea fossil fuels slammed by climate groups September 2, 2022 Climate groups have criticised Westminster's latest attempts to boost oil and gas production in the North Sea.
Banks and energy companies should share burden of record energy bills September 1, 2022 Banks and energy companies shareholders should help finance a sustained freeze on record household energy bills.
Energy UK backs scheme to cut down profits from renewable generators September 1, 2022 Energy UK has called for nuclear plants and electricity generators to ditch their lucrative renewable obligation contracts.
EU considers bloc-wide tax on energy prices as winter crisis deepens September 1, 2022 The EU could bring in a bloc-wide tax on energy profits and cap prices as it ramps up its response to an escalating winter crisis.
Ovo Energy proposes ‘progressive’ support package to ease record bills September 1, 2022 The boss of Ovo Energy has called for a "progressive" support package to ease household energy bills, similar in design to the country's income tax system.