Ofgem clamps down on firms handing out dividends without secure finances July 4, 2023 Ofgem will step in against suppliers that hand out dividends to shareholders before recapitalising, warned the watchdog's boss.
Shell urged to set up Ukraine fund after Russian ‘blood money’ trading July 4, 2023 Shell is facing calls to set up a repair fund for war-torn Ukraine after continuing to trade in Russian LNG following the country's invasion.
So Energy back on its feet – but trust must be won back, says boss July 3, 2023 The energy industry needs to win back the trust of customers following, argues the boss of a leading challenger firm.
Rain raises Rhine river water in Germany, north still too shallow July 3, 2023 Water levels on the river Rhine in Germany have risen after rain but are still too low in northern and central areas for cargo vessels.
Oil markets await new signals as demand fears offset supply cuts July 3, 2023 Oil prices have barely moved this morning, with concerns over demand growth offsetting expectations of tighter supplies later this year.
Make smart meters mandatory or miss net zero goals, energy firms warn July 3, 2023 Smart meters should be made compulsory to meet net zero goals and drive down ultra-high energy bills, argued two UK suppliers.
Thames Water woes expose wretched debt-plagued industry July 3, 2023 Thames Water is in serious trouble, but its problems reflect challenges with debt and sewage spills across the industry.
Labour and Just Stop Oil donor says there’s “no kind of deal” on party policy July 2, 2023 Green energy industrialist Dale Vince has denied being “an eco-zealot” as he defended his £1.5m donations to Labour. Vince told Sky News he was not seeking to influence leader Sir Keir Starmer by giving cash to the party and that there was not “some kind of deal going on”. The Ecotricity owner accused the “right [...]
EDF chief executive tells managers nuclear business to be reorganised June 30, 2023 EDF's chief executive Luc Remont told managers yesterday that the state-owned power group's nuclear activities would be reorganised.
Oil markets suffer four quarters of losses as concerns grow over China slowdown June 30, 2023 Oil markets are on the verge of a year-long slide in prices with a fourth consecutive quarter of losses.