Drax faces political storm over claims it used loophole to keep £639m from bill payers August 3, 2023 The chair of a leading Westminster panel has vowed to investigate reports Drax has been switching off one of its biomass units.
Government warned that a poor investment climate risks new UK energy projects August 3, 2023 The UK’s investment climate must be improved if the government wants to attract more private sector funding for renewable projects.
What is biomass? The power source at the centre of latest Drax controversy August 3, 2023 Drax faces accusations from it turned off power generation at one of its biomass units, but what is the power source at the centre of debate?
Drax hits back at claim it cut production at biomass unit to avoid £639m customer payout August 2, 2023 Drax has been accused of shutting down production at one of its biomass generators to avoid returning money to customers.
Shapps: UK will still meet ‘net zero’ targets despite oil and gas licences August 2, 2023 Energy security secretary Grant Shapps has insisted the UK will “still meet our net zero targets” despite new oil and gas licences.
BP is giving back to its shareholders – but is it giving back to the UK? August 1, 2023 Energy giant BP ensured its first priority was its shareholders today, sustaining buybacks for investors even as profits started to slide.
Green investor Andrew Forrest threatens to quit UK after Sunak pledges new oil and gas August 1, 2023 A major green technology investor has threatened to take his money out of the UK, after the government announced fresh oil and gas licensing.
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.