Exclusive: OEUK defends windfall tax’s investment relief and calls for domestic energy ramp-up July 28, 2022 The UK's leading industry body for offshore energy has defended the continued inclusion of investment relief within the windfall tax.
‘Extract as much as possible from North Sea oil fields’, says Jacob Rees-Mogg July 28, 2022 Jacob Rees-Mogg has said “we need to be extracting as much as we possibly can from our North Sea oil fields”. The Cabinet Office minister was asked on the BBC Radio 4’s World At One programme whether the extraordinary profits that energy companies have made should be redistributed given the pain many households are feeling [...]
Bulb Energy warns customers over extra charges ahead of painful price cap hike July 28, 2022 Customers of collapsed energy firm Bulb Energy have been warned they will face extra charges if they are unable to pay their bills.
Total Energies records profit surge as commodities boom but disappoints with lean dividends July 28, 2022 Total Energies has posted a sharp surge in second-quarter profits, powered by soaring oil and gas prices following Russia's invasion of Ukraine.
Exclusive: Energy boss slams Liz Truss’ plans to suspend green levies as ‘nonsensical’ July 28, 2022 Good Energy's chief executive Nigel Pocklington has slammed Liz Truss' proposal to impose a moratorium on green levies.
Tsunami of new customers: 200,000 households flock to British Gas as competitors are wiped out but profits nearly halve July 28, 2022 British Gas welcomed more than 200,000 customers as some of the energy giant’s rivals went out of business in the first six months of the year. The business gained 158,000 new accounts when it took over the responsibility to sell gas and electricity to Together Energy’s customers. Together was one of around 30 suppliers that [...]
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
Sunak’s pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS July 28, 2022 Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the IFS.
Energy supplies will be tight this winter, warns National Grid’s system operator July 28, 2022 The UK's electricity supply could be tight at times this winter but there should be sufficient supplies to meet demand revealed NGESO.
January Blues: Brits face painful spike in energy bills as Kremlin puts West under pressure July 27, 2022 UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.