SSE warns Sunak against expanding windfall tax to electricity generators June 12, 2022 SSE chief executive Alistair Phillips-Davies has warned the Chancellor Rishi Sunak against extending the windfall tax to electricity generators.
Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Moscow will cover Russian oil tankers hit by UK and EU insurance ban, Putin ally says June 8, 2022 Vladimir Putin’s right-hand man has said Moscow will cover Russian oil tankers to ensure they are able to continue making deliveries, if they are unable to get insurance due to Western sanctions. Speaking via messenger platform Telegram, former Russian president and key Putin ally Dmitry Medvedev said the Kremlin will cover uninsured ships, through assurances [...]
Tony Blair: Ditch the expensive ‘raincoats’ and just cut energy bills in half with mandatory green homes May 31, 2022 Free energy plans should be offered to every home in the UK to lower emissions while reducing energy bills before making them mandatory in the mid-2030s, according to a report by the Tony Blair Institute, shared with City A.M. this morning. The recommendation is one of a number of measures the report says could halve [...]
Millions of UK households could face blackouts this winter due to war in Ukraine May 30, 2022 Millions of UK households could face blackouts this winter due to global shortages of natural gas caused by Russia’s war in Ukraine, the UK government has warned. As many as six million British households could be subjected to blackouts, if Russia makes further efforts to cut off the EU’s gas supplies, according to a Whitehall [...]
SSE teases mega investment plans to fight off prospect of a windfall tax May 25, 2022 Energy giant SSE has reported a 15 per cent boost in profits and a 23 per cent rise in earnings per share, driven by record investment this year.
Shell’s climate plans backed by shareholders despite activist disruption May 24, 2022 Shareholders have backed Shell’s climate transition plans in a crucial vote at the energy giant’s annual general meeting in London.
Households backed with government grants to support ramp up of heat pumps May 23, 2022 Energy users can now apply for government grants to swap their gas boilers for heat pumps, after it opened its boiler upgrade scheme today.
European Commission proposes carbon allowances sell-off to ensure energy security May 19, 2022 The European Commission announced €20bn worth of allowances will be sold to help fund its green ambitions and ensure the bloc's energy security.
Windfall tax would jeopardise North Sea investments argues UK’s offshore energy body May 18, 2022 The UK's leading offshore energy body has warned Kwasi Kwarteng that a windfall tax could undermine stability in the oil and gas sector.