Treasury brings in super tax to prevent energy owners cashing out February 1, 2022 The Government has subtly introduced a new "super tax" to deter energy company owners from cashing out lucrative gas contracts.
Sureserve Group secures £20m deal with Tower Hamlets Homes February 1, 2022 Sureserve Group (Sureserve) has signed a 10-year £20m agreement with Tower Hamlets Homes to provide domestic gas services for its council houses. The wholly owned subsidiary K&T Heating Services (K&T) will provide domestic gas servicing, repair and installation for properties managed by the group. The deal will commence at the start of April and is [...]
Energy bills could spiral to almost £2,000 per year warns Cornwall Insight January 30, 2022 The consumer price cap will rise to £1,897 per annum for April, according to the latest gloomy forecasts from energy specialists Cornwall Insight.
Centrica under pressure from activist investors as energy crisis deepens January 30, 2022 The owner of British Gas is dealing with mounting pressure from activist investors looking to take advantage of energy sector volatility.
Energy prices to soar to £1,900 from April January 29, 2022 Energy bills are expected to soar to £1,900 from April, following the energy cap increase. Under plans that will be finalised this week by industry regulator Ofgem, the average energy bill will go up 48 per cent, from £1,277 to £1,897, the Telegraph reported. Sources have reported that the move will put ministers under pressure [...]
Exclusive: Utilita boss slams government meddling in energy market January 29, 2022 Utilita Energy’s chief executive Bill Bullen has called for the government to stop tampering with the market and help consumers through welfare.
Octopus Energy faces £100m blow from market meltdown January 29, 2022 Octopus has warned it is facing a hefty bill from the energy crisis, as it absorbs the impact of the price cap and soaring wholesale costs.
Government provides Sizewell C nuclear plant with £100m investment boost January 27, 2022 The government has allocated a further £100m for the Sizewell C nuclear project as it hopes to lure in private investors.
HSBC pushes further into Saudi Arabia: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand January 27, 2022 HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
Industry experts call for consumers to adapt energy habits to mitigate rising prices January 26, 2022 The habits of energy consumers need to be adapted to minimise the pain from rising household prices this year.