Exclusive: Ringfencing is the ‘least worst option’ for protecting customers, says Utilita Energy boss July 18, 2022 Ringfencing is the 'least worst option' for personal credit balances, argued Utilita Energy's chief executive Bill Bullen.
Exclusive: Utilita Energy boss loses confidence in Ofgem after public warning July 18, 2022 Utilita Energy's no longer has confidence in Ofgem, after it criticised the supplier over its handling of direct debit payments.
Gazprom demands return of key turbine amid Nord Stream 1 closure July 16, 2022 The prospect of further disruption to Nord Stream 1 escalated today, with Gazprom putting pressure on Siemens to deliver a turbine.
Europe biggest market for US crude oil for first time in six years as Russia-Ukraine war rages on July 15, 2022 For the first time in six years, Europe was the top market for US crude oil as the Russia-Ukraine war continues to impact global markets. Europe overtook Asia, the previous top market, and received 213.1m barrels of crude while Asia received 191.1m barrels of American crude in the first five months of 2022, US Census [...]
Shell boss warns Europe could face energy rationing as ‘tough winter’ approaches July 14, 2022 Germany could have no choice but to ration its energy supplies if Russia turns off the taps, warned asset manager UBS.
Solar tech specialist Naked Energy targets £10m funding round to power Stateside dreams July 14, 2022 Naked Energy has opened its Series B funding round - targeting £10m-plus to fund its Stateside expansion plans and to fund its products.
Nuclear fusion lures investors as scientists hope for new breakthroughs July 14, 2022 Nuclear fusion has enjoyed a huge bump-up in global investment over the past 12 months, raising hopes of a breakthrough.
Battery-powered storage vital to meeting EU climate goals and reducing Russian gas reliance July 14, 2022 Companies have called for a rapid roll-out of battery-powered storage to harness the boost in renewable generation planned in coming years.
Naftogaz asks creditors to defer debt payments as Russian invasion takes its toll on energy giant July 13, 2022 Ukraine's state-owned energy giant is struggling for cash, with many of its customers unable to pay their bills following Russia's invasion.
Ofgem demands suppliers refund customers overcharged on direct debits July 13, 2022 Ofgem has demanded six domestic energy supplies take action over customers' direct debits, including refunding overcharged energy users.