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Energy

  • Ofgem’s energy price cap to increase by five per cent as rising costs drive up winter bills

    November 23, 2023

    Ther chancellor's main proposal was £960m for a “green industries growth accelerator”, but falling short of the US's green deal.

  • HSBC, Santander and Blackrock among firms advising Labour on private investment

    November 20, 2023

    City firms HSBC, Santander and Blackrock are among those advising the Labour Party on private sector investment following the launch of a new infrastructure council.

  • Sunak pledges to cut taxes and make Britain the best place for business

    November 20, 2023

    Rishi Sunak has pledged to cut taxes and make Britain “the best country in the world to do business” ahead of this week’s autumn statement.

  • Homes close to new pylons to be offered £1,000 off bills a year

    November 19, 2023

    Households closest to new pylons and electricity substations could receive up to £1,000 a year off their bills under plans being announced by Jeremy Hunt.

  • British manufacturing sector gets £4.5bn shot in the arm from Jeremy Hunt

    November 17, 2023

    Funding was announced by chancellor Jeremy Hunt this evening, ahead of the much-vaunted Autumn statement next Wednesday, which is likely to focus on productivity in the workforce. 

  • Fuel retailers face fines if they do not ‘come clean’ over pricing

    November 15, 2023

    Fuel retailers face fines if they fail to be more transparent on pricing, Energy Secretary Claire Coutinho has announced.

  • SSE reports higher than expected earnings amid £2.5bn investment drive

    November 15, 2023

    London-listed energy giant SSE reported higher than expected half year earnings this morning.

  • How Crude: Weak demand pushes oil prices below $80 per barrel

    November 9, 2023

    Oil prices have shown signs of recovery in today's session, after dipping below $80 per barrel last night, with markets weighed down by easing demand.

  • Former energy minister refuses to back King’s Speech over oil and gas plans

    November 9, 2023

    The Government has proposed the Offshore Petroleum Licensing Bill, which would mandate licences for oil and gas projects in the North Sea on an annual basis.

  • GE Hitachi: UK bid to treble nuclear generation capacity is ‘significant task’

    November 9, 2023

    The government must ensure stability in the UK’s investment climate if it wants to revive the country’s nuclear ambitions, GE Hitachi warns.

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