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Energy

  • Energy suppliers to cough up £10.8m after missing smart meter targets

    November 9, 2023

    Some of the UK's biggest energy suppliers have agreed to cough up £10.8m in redress payments, after missing smart meter targets.

  • Coutinho: Sunak was right to water down green pledges

    November 8, 2023

    The Prime Minister was "exactly right" to row back on green pledges, energy security and net zero secretary Claire Coutinho has said.

  • Eon posts £6.8bn profit – but earnings to slide as gas prices fall

    November 8, 2023

    European energy giant Eon is predicting a hefty downturn in profits during its fourth quarter of trading across its retail division.

  • Energy suppliers must do more to help firms tied to brokers this winter

    November 7, 2023

    Energy suppliers should be looking to help all of its business customers survive the winter including firms tied to third party deals, FSB warns.

  • EDF prepared to work with nuclear rivals as French energy giant commits to UK

    November 7, 2023

    There is room for multiple winners in the race to build mini-nuclear power plants in the UK, EDF told City A.M.

  • King’s Speech: All eyes on the green-fingered monarch as government backs oil and gas

    November 6, 2023

    King Charles will have to announce oil and gas pledges in the King's Speech tomorrow — all eyes will be on his delivery.

  • Oil and gas licences to be dished out annually, King’s Speech will confirm

    November 6, 2023

    Announcement in King's Speech will draw battle lines with Labour over energy policy

  • Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts

    November 6, 2023

    Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.

  • A tale of two oil giants: BP struggles to keep up with Shell, but net zero scrutiny is coming

    November 6, 2023

    Energy giants unveiled sharp downturns in their usual earnings last week, but BP is struggling compared to its rival Shell.

  • Energy bills set to RISE next year as volatility spooks oil and gas markets

    November 6, 2023

    Household energy bills will not ease any time soon, with forecasters warning that the energy price cap is now set to rise again.

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