Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
National Grid posts £4bn profit amid soaring electricity and gas prices May 19, 2022 National Grid announced operating profit was up 11 per cent to £4bn as the firm continues to invest in its energy transition.
European Commission unveils renewable targets in €210bn plan to ditch Russian fossil fuels May 18, 2022 The executive arm of the EU has pushed the trading bloc to ramp up renewable energy generation and reduce consumption levels.
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.
Release the Kraken! Octopus expands tech platform to water and broadband services May 18, 2022 Kraken Technologies is extending tentacles into the utilities sector, with new water and broadband services.
Green levies should be taken off energy bills to ease costs, says think tank May 18, 2022 Green levies should be scrapped from bills and shifted on to general taxation to reduce the burden on households, argues the CPS.
Supermarkets cheapest place to go for petrol, says AA May 18, 2022 Motorists looking for minimise the pain of record petrol prices should top-up their tanks at supermarkets, reveals motoring group AA.
Petrol prices spiral to record highs putting more pressure on motorists May 18, 2022 Diesel and petrol prices climbed to record highs yesterday, putting more pressure on squeezed motorists as the cost-of-living crisis deepens.
Starmer calls windfall tax ‘inevitable’ as Tories show signs of wobbling over the levy May 18, 2022 Internal government polling has found support for a windfall tax on the profits of energy firms is “wildly” popular..
Windfall tax not ruled out as Sunak urges energy giants to invest in UK energy sector May 18, 2022 Chancellor Rishi Sunak refused to rule out a windfall tax on energy companies yesterday, warning that “no option is off the table."
