Fracking hell: Cuadrilla ordered to close down shale sites February 10, 2022 Authorities have snuffed out any hope of reviving the UK’s fracking industry, ordering Cuadrilla to plug and abandon the country’s only two horizontal shale wells at its site in Lancashire. The Oil and Gas Authority (OGA) originally called for the wells to be shut last summer, and has set a deadline of June for work [...]
Households under pressure to cut down energy use under new smart meter plans February 10, 2022 Millions of British households could face growing pressure to ration their energy after three of the UK’s largest energy suppliers declared their support for a radical overhaul of energy pricing. Scottish Power, EDF and Octopus Energy told The Telegraph they support radical new tariffs under which customers will be charged more for using energy during [...]
Ofgem to overhaul smart meters in push for surge pricing February 10, 2022 Millions of households will face surge pricing within the next three years, amid the push for net zero and greater energy efficiency.
Government announces annual auctions to boost renewable plans February 9, 2022 The government has announced it is ramping up auctions for its renewables scheme as it looks to roll out cheaper green energy to consumers.
Consumer price cap: Is the safety net fit for purpose? February 9, 2022 Ofgem remain committed to the price cap, but how much of a role has it played in the ensuing energy crisis?
Equinor shareholders receive $10bn after energy firm reports booming profits February 9, 2022 Equinor will pay out $10bn to shareholders this year, after reporting record fourth-quarter pretax profits.
Essar unveils £45m plans to build UK’s first refinery-based hydrogen furnace February 9, 2022 Essar Oil UK (EOUK) will install a new £45m furnace capable of using hydrogen as its fuel source at its plant in North West England.
BP recovers from pandemic with £9.5bn profit February 8, 2022 BP has rebounded strongly from the pandemic with hefty annual profits of £9.5bn ($12.8bn), its best yearly result since 2013.
SSE upgrades profit expectations to nearly £1bn amid soaring gas prices February 8, 2022 SSE has upgraded its full-year outlook, with the energy firm boosting its profit forecasts to nearly £1bn amid spiralling wholesale gas prices.
Ofgem boss to face grilling from MPs as price cap comes under fresh scrutiny February 8, 2022 MPs will put the consumer price cap under scrutiny in Westminister today after Ofgem’s decision to hike energy bills to nearly £2,000 per year.