BP to pay lower taxes than before Covid pandemic despite massive profits August 8, 2022 BP will pay a lower rate of taxes this year than prior to the pandemic, revealed the company's chief financial officer Murray Auchinloss.
OEUK backs Equinor’s plans to develop £4.5bn Rosebank oil and gas field August 8, 2022 Industry body OEUK has given its backing Equinor's plans to develop a major oil and gas field on the UK continental shelf.
Distributor passes on £280m in higher energy prices to cover market carnage August 8, 2022 UK Power Networks has passed on hundreds of millions of pounds in higher prices to energy users to cover the cost of supplier failure.
UK prepares to simulate supply crunch as challenging winter looms August 7, 2022 The UK is preparing to simulate a gas supply crisis, to test how resilient the energy system is in the case of emergency shortages this winter.
Government launches security investigation into National Grid pipeline sale August 7, 2022 The Government has launched an investigation into the overseas takeover of the UK's main natural gas pipeline.
Brits’ energy bills to hit £4,000 by January as gas prices spiral out of control August 7, 2022 The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown. Energy consultancy Auxilione warned that the Government’s price cap, which sets bills for more than 20 million households in Great Britain, could be increased further than previously expected. It [...]
Half of all Brits risks falling into fuel poverty before the end of this year in harshest economic climate ever August 6, 2022 UK adults say the current economic climate is the harshest they have experienced, with half of all Brits either unable or soon to be unable to pay all of their bills. Millions of Brits are concerned about the months ahead as 47 per cent said they are not confident in their ability to pay their [...]
Exclusive Q&A: Ramboll on hydrogen’s role in the UK energy sector August 5, 2022 City A.M. sits down with John Mullen, UK Energy Market Director at Ramboll to discuss the viability of domestic hydrogen production.
Households face two painful energy bill hikes this winter as Ofgem confirms quarterly price cap August 4, 2022 The consumer price cap will be updated four times a year rather than twice, raising the prospect of painful hikes in energy bills this winter.
Energy watchdog Ofgem to review price cap quarterly ahead of ‘challenging winter’ August 4, 2022 Energy regulator Ofgem said this morning that the energy price cap will be reviewed quarterly, rather than every six months, as it warned that customers face a “very challenging winter ahead”. The regulator said the change would go “some way to provide the stability needed in the energy market”, adding: “It is not in anyone’s [...]