SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
Indonesia reaches £17bn climate partnership with world’s wealthiest nations November 15, 2022 A group of the world's wealthiest nations has entered into a $20bn energy partnership with Indonesia, which hosting the G20 summit.
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
Rosneft plans £3bn dividend payout as Russia scrambles for revenues November 14, 2022 Rosneft has confirmed it will make its first ever nine-month dividend pay-out, as Russia scrambles to raise revenues to boost flagging economy.
Many Brits to turn off Christmas lights in bid to save energy November 14, 2022 Christmas is set to be a bit less sparkly this year with a massive upsurge in Brits not putting up Christmas lights to save energy. The soaring cost of electricity means 16 per cent of UK households will avoid plugging in fairy lights on their tree and across their house, which light up many streets [...]
Good Energy coughs up £650,000 to renewable generator owners November 14, 2022 Good Energy has agreed to refund owners of renewable generators it imposed unauthorised administration charges against, revealed Ofgem.
Windfall tax hike risks no new investment in North Sea, warns analyst November 14, 2022 The UK risks no new investment in the North Sea oil and gas sector, if the Government toughens up the windfall tax, warns Stifel.
Insulating homes could cut gas imports more than North Sea drilling, says green body November 14, 2022 Insulating the UK's entire housing stock could reduce gas demand by 20 per cent according to new research from the ECIU.
SMEs fear ‘cliff-edge’ energy bills in April, warns British Chamber of Commerce November 13, 2022 Nearly half of SMEs fear they will not be able to pay their energy bills once the Government’s support package ends next March, warns BCC.
Ofgem must review supplier of last resort process, says Westminster body November 13, 2022 The administration process for suppliers has to be reviewed, with households set to foot a £2.7bn bill to clean up the energy market.