Misguided energy policies have put Europe on a path to economic decline October 11, 2013 DESPITE rising atmospheric carbon dioxide levels, global climate temperatures have remained flat for the past 15 years, if not a good deal longer. And the UN’s Intergovernmental Panel on Climate Change (IPCC) was last month forced to admit that its own climate models have grossly overestimated climate sensitivity to atmospheric CO2. So why are some [...]
Energy row hots up as SSE blames policy for price rise October 11, 2013 THE ENERGY market debate hotted up once again yesterday, as big six supplier SSE said it would raise its bills by 8.2 per cent from next month – adding £104 on to the average annual bill – and blamed the majority of the increase on government policies. SSE said the cost of the government’s green [...]
Energy row hots up as SSE blames policy for price rise October 10, 2013 THE ENERGY market debate hotted up once again yesterday, as big six supplier SSE said it would raise its bills by 8.2 per cent from next month – adding £104 on to the average annual bill – and blamed the majority of the increase on government policies. SSE said the cost of the government’s green [...]
Misguided energy policies have put Europe on a path to economic decline October 10, 2013 DESPITE rising atmospheric carbon dioxide levels, global climate temperatures have remained flat for the past 15 years, if not a good deal longer. And the UN’s Intergovernmental Panel on Climate Change (IPCC) was last month forced to admit that its own climate models have grossly overestimated climate sensitivity to atmospheric CO2. So why are some [...]
S&P maintains Buy rating for SSE saying higher prices will improve margins October 10, 2013 S&P Capital IQ Equity has maintained its Buy rating for energy provider SSE, despite its raising of gas and electricity prices by 8.2 per cent this November. The financial information provider expects the rise to boost profit, restoring margins in the second half of 2014. For the full year 2014, S&P anticipates SSE's energy supply [...]
SSE to raise energy prices by 8.2 per cent October 10, 2013 Energy company SSE has announced an 8.2 per cent increase in electricity and gas prices from 15 November. (Release) It's the first provider to up its tariff for winter. Will Morris, managing director for retail said, "we don't take these decisions lightly", adding that the company has done what it can to keep prices down. [...]
Compensation for carbon tax delayed by EU October 6, 2013 BRITISH companies owed millions of pounds in compensation from a controversial carbon tax have been left waiting for their promised payout, after the government admitted this weekend that EU approval has been delayed until at least the end of 2013. The government had pledged to offer energy-intensive businesses a £100m compensation package to offset costs [...]
London Report: BP’s court win sees FTSE defy US shutdown October 3, 2013 THE FTSE 100 rose yesterday, boosted by heavyweight BP which won a rare legal battle related to its oil spill in the Gulf of Mexico, but ongoing US government shutdown uncertainty sapped momentum. Energy firm BP – the UK’s fifth biggest company by market capitalisation – rose 1.1 per cent after it won a legal [...]
Energy innovation is stagnating and the implications for growth are stark October 3, 2013 EVERY day seems to bring better websites, cooler startups and niftier smartphones. But there’s one area where technological progress is barely crawling along. Unfortunately, it’s one race we cannot afford to lose. I’m talking, of course, about energy. To get an idea of the problem we face, consider two stories from last week: Ed Miliband’s [...]
Energy bosses hit out at plans to rejig market October 1, 2013 THE BOSS of energy firm SSE yesterday called for the government to incorporate the cost of its green initiatives into taxation to bring down bills, rather than forcing a price freeze as proposed by the Labour party. In an open letter to the leaders of the three major political parties, Alistair Phillips-Davies said “while rising [...]