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 [...]
Wickes reports sales growth ahead of winter dominated by rising energy costs October 21, 2022 Home improvement giant Wickes announced a boost in sales ground in the third quarter, as it looks to maintain “rigorous control” of costs ahead of a choppy winter. The retailer registered like-for-like sales growth of 2.6 per cent in the last three months, down from 5.4 per cent on the second quarter, but recovered from [...]
Uniper in need of another cash boost as Germany scraps gas levy October 20, 2022 Uniper is in need of another hefty cash injection after a previous scheme to help finance the ailing importer was scrapped.
Booming oil and gas prices power Woodside Energy to record revenues October 20, 2022 Woodside is revelling in record revenues, powered by firmer energy prices and its merger with BHP Group's petroleum assets.
Three quid from the Grid? Households encouraged to use more off-peak power October 20, 2022 The National Grid will offer households a hefty £3 per kwh to shift their electricity usage to off-peak times.
Ovo Energy makes eleventh hour bid to snatch Bulb from rival Octopus October 20, 2022 Ovo Energy has launched a last gasp bid to snatch Bulb Energy (Bulb) from the tentacles of rival supplier Octopus Energy.
Ukraine urges citizens to cut energy usage as EU squabbles over gas price cap October 20, 2022 Ukraine is encouraging its citizens to cut energy usage by 20 per cent this winter, amid growing concerns of blackouts this winter.
One in three UK households: Energy crisis risks dragging 26m Brits into fuel poverty October 20, 2022 The axing of the energy price guarantee from April next year could lead to almost 11m UK households falling into fuel poverty, campaigners have warned, which is about 26m people. It means more than one in three British households face the grim prospect of hardship: there are an estimated 28.1m households in the UK. The average household [...]
Net zero gas firm IOG rings changes with new CEO, CFO and COO to give ‘fresh impetus’ October 20, 2022 The CEO of net zero gas operator IOG has announced he will step down after five years in the job, with a raft of other board changes in the pipeline. Andrew Hockey will retire from the company with immediate effect, but will remain an adviser ahead of the 33rd offshore licensing round. His replacement has [...]
Energy prices will not return to normal this decade, warns Cornwall Insight October 19, 2022 Energy prices will not return to pre-crisis levels by the end of the decade, according to the latest data from Cornwall Insight.