Ovo exits parent firm in founder Stephen Fitzpatrick’s latest reshuffle July 31, 2023 Big Six energy supplier Ovo has cut ties with its long-standing parent company Imagination Industries, according to its latest results.
Prime Minister Rishi Sunak to meet energy leaders ahead of new pledges July 30, 2023 Prime Minister Rishi Sunak and energy security secretary Grant Shapps will meet industry leaders from across the energy sector.
Scottish Power posts £576m profits as energy firms rebound after Ofgem move July 27, 2023 Scottish Power is the latest energy firm to post a hefty rebound in profits, powered by Ofgem's decision to permit generous allowances.
Energy sector shows early support for Ofgem’s new financing rules July 27, 2023 The energy industry has shown initial signs of supporting Ofgem's announced capital adequacy reforms, following the collapse of 30 suppliers.
Ofgem toughens finance requirements for suppliers in latest market clampdown July 26, 2023 Ofgem has announced toughened capital requirements for suppliers, as it looks to ensure firms are resilient to future market shocks.
Floating offshore wind ripe for subsidies, Octopus’ renewable boss argues July 26, 2023 The government should target subsidies at emerging technologies where the UK can be a world leader, such as floating offshore wind.
Business groups cheer plans to speed up planning process for big infrastructure projects July 25, 2023 Top business groups have welcomed government plans to speed up the planning process for key infrastructure projects as a “major signal” on green growth. Ministers want to overhaul the system and create a new fast-track route for major schemes, such as offshore wind farms, transport connections, waste facilities and nuclear power stations. Prime minister Rishi [...]
Tory MPs pile pressure on Sunak to retain green policies July 25, 2023 Senior Tory MPs have warned Rishi Sunak against backing away from policies aimed at tackling climate change. Labour’s loss in the recent Uxbridge and South Ruislip by-election has been interpreted by some as a de-facto referendum on the controversial ULEZ expansion. Danny Beales, who lost to the Conservative candidate Steve Tuckwell by just 495 votes, [...]
Why Europe’s heatwave has not led to a solar power boom July 24, 2023 There will be no surge solar power generation from Europe's heatwave, with scorching weather unlikely to boost production levels.
Octopus Energy pledges £15bn investment in offshore wind by the end of the decade July 24, 2023 Octopus Energy will team up with institutional investors to spend $20bn (£15.6bn) on offshore wind projects over the rest of the decade.`