Zonal pricing would mean a postcode lottery for energy Opinion Anyone with a a serious interest in building, making or investing anything in Britain knows that creating a postcode lottery for energy prices will lead to uncertainty and higher prices for consumers, says Alistair Phillips-Davies Since Labour took office, a central question has emerged: can it reduce household energy bills by £300 and deliver the [...]
SSE cuts investment and warns it won’t meet 2030 net zero goal Energy SSE, one of the UK’s biggest energy companies has said it is unlikely to meet its 2030 renewable goal in the latest blow to the government’s net zero plans. SSE said it decided to cut capital investment by as much as £3bn over the next five years, citing macroeconomic uncertainty and planning obstacles. The Perth-based [...]
Orsted axes Hornsea 4 offshore wind project Energy Ørsted has announced plans to ditch the Hornsea 4 offshore wind project in a big blow to the UK’s clean power ambitions. The Danish renewable energy company said it would incur break-away costs of between 3.5bn to 4.5bn Danish krone (£400m to £512m) as a result of the decision. Ørsted said the 2,400MW project had [...]
Ed Miliband’s reckless Net Zero ideology April 29, 2025 Rumours persist that Ed Miliband, the energy secretary, could be shunted out of his role when the Prime Minister conducts his first major reshuffle since last summer’s election victory. Keir Starmer has the perfect excuse; the world has changed. He’s fond of saying that, and of course it’s true; huge changes are afoot and the global economy [...]
Nationalising British Steel won’t help the UK’s dying industry April 9, 2025 Nationalising British Steel is a painting-over-the-cracks solution. The real problem is energy prices, writes Elinor Bale.
Renewable energy trust dividends under threat as subsidies expire April 1, 2025 The dividends of renewable infrastructure investment trusts are at risk of growing more volatile as subsidies for clean energy expire in coming years, Stifel has warned. Many renewable infrastructure projects are due to see their government-backed Contracts for Difference, which provide developers with a stable revenue stream, expire between 2032 and 2035. These subsidies are [...]
Xlinks’ sub-sea high-wire act March 20, 2025 The story of a Moroccan wind and solar farm the size of Greater London providing energy for a country thousands of miles away would ordinarily be the preserve of sci-fi books. But Xlinks founder Simon Morrish tells Ali Lyon that the only thing stopping it from becoming a reality is the UK’s snail-paced state. Simon Morrish is [...]
BP ramps up fossil fuel spending and rows back on green targets February 26, 2025 BP will dial up its spending on oil and gas by $10bn (£7.9bn), slash its investment into renewable energy and offload $20bn of underperforming assets as part of a major strategic overhaul that aims to boost its beleaguered share price. In a much anticipated – and delayed – announcement from boss Murray Auchincloss, the British [...]
Octopus sees ‘electric’ demand for shares in green energy projects February 20, 2025 A new investment platform allowing consumers to purchase shares in green energy projects has sold out within its first week. Octopus Energy had initially offered investors the chance to buy holdings in two wind turbines via the platform, which is known ‘the Collective’. Such has been the level of demand for the scheme that the [...]
Reform UK call for windfall tax on renewable energy in anti-net zero push February 12, 2025 Reform UK has said they would introduce a windfall tax on renewable energy as they announced they were “serving notice” on the industry. The party has detailed a set of “policies to undo the effects of net zero”, in the wake of a series of polls and voting intention surveys that saw it beat Labour [...]