Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax May 17, 2022 Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.
Market stabilisation charges yet to be triggered confirms Ofgem May 17, 2022 Market stabilisation charges have not yet been applied to the domestic energy market, revealed regulator Ofgem.
Sureserve’s order book powers profits May 17, 2022 Social housing energy services group Sureserve has reported rising revenues and a healthy uptick in profits, driven by an expanding order book.
Exclusive: Forget expensive climate plans, low-cost solution to net zero is methane abatement, says Qnergy CEO May 17, 2022 It’s six months on from COP26 and the world is a very different place, but as the war in Ukraine continues and the cost of living crisis bites closer to home, the promises made in Glasgow still stand. Net zero is the big goal, but CEO of energy firm Qnergy, Ory Zik, told City A.M. today he [...]
Businesses need protection from energy mis-selling just like consumers argues legal group May 17, 2022 Businesses should be given the same level of protection as household consumers against energy mis-selling argues a legal advisory group.
Backlash as Ofgem plots price cap changes May 17, 2022 Ofgem has announced plans to bring in quarterly reviews of the consumer price cap, which has initiated a backlash from energy campaigners.
Drax unveils plans to build power station inside a mountain May 17, 2022 Drax plans to build a hydro power station inside a mountain, which will be housed inside a cavern large enough to fit Big Ben on its side.
Labour calls for all MPs to vote on one-off windfall tax May 16, 2022 The Labour Party is calling on all MPs to vote in favour of a one-off windfall tax on oil and gas producers as the cost of living crisis continues to bite into Brits’ pockets. The amendment will be proposed tomorrow morning during the Queen’s Speech debate and it follows an analysis published yesterday by the [...]
Shell suffers blow as investor group withholds approval for energy transition plan May 16, 2022 A major investor has announced its intention to abstain on Shell's energy transition plans at the firm's upcoming annual general meeting.
EDF reaches deal with energy specialist to support heat pump roll-out May 16, 2022 Energy giant EDF has teamed up with CB Heating to boost its heat pump offering to customers and train more installers.