Ofgem proposes price cap shake-up which could see energy bills rise four times a year May 16, 2022 Energy users could see their household bills fall faster, with Ofgem one step closer to a major revamp of the consumer price cap.
Road tax ‘fairer and more popular than fuel duty’ May 15, 2022 SMF calls for fuel duty to overhauled, and suggest a levy based on miles driven, which would be 'fairer' and more 'popular'.
Kwarteng pushes for gas to be classified as ‘green investments’ May 15, 2022 Kwasi Kwarteng is looking to classify as natural gas as a 'green investment' in a bid to ramp up North Sea production in line with government aspirations.
Energy watchdog backs carbon storage with licensing round plans May 15, 2022 The UK's fossil fuel watchdog has unveiled plans for licensing rounds to support carbon storage as it aims to reach net zero goals.
Spain and Portugal target price cap for natural gas to combat skyrocketing inflation May 15, 2022 Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal setting up price caps for gas trading.
Kwarteng: Nuclear power will add less than £1 per month to energy bills May 13, 2022 Kwasi Kwarteng took to Twitter to explain ramping up nuclear power will add less than £1 per month to energy bills during the construction phase.
Brits cut back on petrol and diesel as cost of living crisis deepens May 13, 2022 Brits are cutting back on petrol and diesel as they reduce the number of car journeys they make to save cash, revealed Ascona Group.
Oil bodies downgrade demand expectations as lockdowns and inflation bite May 13, 2022 Leading oil bodies have downgraded expectations for crude demand this year, amid continued volatility in the market.
Germany brings in more emergency measures to control gas supplies amid supply shortage fears May 13, 2022 Germany has brought in new measures to control the country's energy supply amid continued volatility in global gas markets.
Rishi Sunak is ‘pragmatic’ about imposing windfall tax on soaring energy profits as Brits’ bills skyrocket May 13, 2022 Chancellor Rishi Sunak said he was “pragmatic” about possibly imposing a windfall tax on the soaring profits of oil and gas giants as customers’ bills rise. Prime Minister Boris Johnson has shown firm opposition to the raid but has conceded “we’ll have to look at it” after BP chief executive Bernard Looney said his investment [...]