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Energy

  • SSE teases mega investment plans to fight off prospect of a windfall tax

    May 25, 2022

    Energy giant SSE has reported a 15 per cent boost in profits and a 23 per cent rise in earnings per share, driven by record investment this year.

  • Price cap to spike again: Watchdog warns worst is still to come for energy prices

    May 25, 2022

    Already sky-high energy prices are set to spike again in October, according to the energy watchdog, taking the power out of the UK's growth prospects.

  • National Grid calls for local energy pricing to drive down household bills

    May 25, 2022

    The National Grid has called for the break-up of the electricity market so that different prices are charged in different parts of the country.

  • European round up: Germany puts coal power on standby while EU pushes for Russian oil ban

    May 24, 2022

    Germany is preparing to extend the life of coal-fired power stations which would have been discontinued over the next two years.

  • Shell’s climate plans backed by shareholders despite activist disruption

    May 24, 2022

    Shareholders have backed Shell’s climate transition plans in a crucial vote at the energy giant’s annual general meeting in London.

  • Shell AGM underway again after activist disruption as shareholders prepare for key climate votes

    May 24, 2022

    Shell's annual general meeting is underway again after it was delayed for nearly three hours following protests from climate activists.

  • Price cap will rise to £2,800 per year this winter warns Ofgem

    May 24, 2022

    Households should brace themselves for another painful hike in their energy bills this autumn, revealed chief executive Jonathan Brearley.

  • ‘Shell must fall!’ Climate activists storm AGM and put event on hold

    May 24, 2022

    Shell has confirmed to City A.M. it has "paused" its AGM after it erupted into chaos this morning after activists stormed the stage.

  • Households backed with government grants to support ramp up of heat pumps

    May 23, 2022

    Energy users can now apply for government grants to swap their gas boilers for heat pumps, after it opened its boiler upgrade scheme today.

  • Hungary holds firm on investment demands to support Russian oil ban

    May 23, 2022

    Hungary has maintained its demands for energy investment before it agrees to an Russian oil embargo with its Western allies.

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