Not funding Sizewell C risks UK’s green ambitions, nuclear industry warns NUCLEAR POWER The nuclear industry has pushed the environmental benefits of Sizewell C amid reports the project is struggling to lure UK investors.
Investors snub Sizewell C nuclear power station despite ‘sustainable’ status Energy The government is struggling to attract investors to the £20bn Sizewell C nuclear power station, according to a report. Hunt proposed giving the project sustainable status to attract green-minded investors, and ministers have already rejigged nuclear plant funding models to offer more of an up-front reward to investors. But fund managers at Legal & General [...]
EDF UK rakes in £1.1bn profits powered by record electricity prices ENERGY PROFITS EDF UK has raked in hefty profits, with soaring electricity prices powering its rebound from last year's losses.
Apology after postal strikes meant just 16 per cent of energy vouchers redeemed December 22, 2022 Royal Mail has apologised after just 16 per cent of energy bill support scheme (EBSS) vouchers were delivered by post this December. The company which has been crippled by strikes this month said sorry after cold Brits were left in the lurch, unable to get hold of energy metre vouchers. Vouchers are claimed by customers [...]
Heads of nine key energy firms warn bill ‘threatens to undermine’ regulation in sector October 21, 2022 The heads of nine major energy companies have voiced “increasing concern” about a bill which “threatens to undermine strong, independent” regulation of the sector. In a strongly-worded letter to Jacob Rees-Mogg MP Secretary of State for Business, Energy and Industrial Strategy (BEIS), they urge the government to rethink measures Energy Prices Bill. The bill is [...]
Anglo American and EDF join forces on South African renewables venture October 4, 2022 Mining giant Anglo American said it would join forces with French energy giant EDF today to develop a new “renewable energy ecosystem” in South Africa.
UK at risk of gas supply shortages this year, warns Ofgem October 3, 2022 The UK is at risk of gas shortages this winter following Russia's invasion of Ukraine and continued disruption to energy supplies, warned Ofgem.
EDF adds to calls for deficit fund to prevent millions falling into fuel poverty August 25, 2022 EDF has called for a historic Government intervention to avoid tens of millions of Brits plunging into fuel poverty this winter.
EDF Energy calls for more household support as price cap prediction jumps £6,500 August 23, 2022 Half of British households are facing fuel poverty this winter, unless the Government does more to help ease energy bills, warned EDF Energy (EDF) – one of the UK’s big five energy suppliers A household is considered to be in fuel poverty if it has to spend 10 per cent or more of its disposable [...]
Revealed: As bills rise for millions of Brits, this is how much profit energy suppliers make. August 16, 2022 Energy bosses were hauled in front of ministers last week amid nightmare predictions that the average household bill might climb to £5,000 from April after a winter of soaring heating prices. Energy companies have been calling for immediate help for customers. The price cap on bills prevents the firms from taking excess profits from the [...]