Windfall tax not ruled out as Sunak urges energy giants to invest in UK energy sector WINDFALL TAX Chancellor Rishi Sunak refused to rule out a windfall tax on energy companies yesterday, warning that “no option is off the table."
European Commission urges EU to be ready for cut-off in Russian gas supplies PUTIN UP THE PRESSURE The European Union should prepare for Russia to switch off gas supplies into Europe, the trading bloc's executive arm will warn tomorrow.
Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax WINDFALL TAX Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.
Backlash as Ofgem plots price cap changes May 17, 2022 Ofgem has announced plans to bring in quarterly reviews of the consumer price cap, which has initiated a backlash from energy campaigners.
EU provides wriggle room for companies buying Russian gas May 16, 2022 The EU has offered companies and member states wriggle room to buy Russian gas without busting the trading bloc's sanctions.
EDF reaches deal with energy specialist to support heat pump roll-out May 16, 2022 Energy giant EDF has teamed up with CB Heating to boost its heat pump offering to customers and train more installers.
Martin Lewis apologises for sweary rant after branding Ofgem changes a “f******g disgrace” May 16, 2022 Martin Lewis has apologised for "losing his rag" during a furious rant to Ofgem over proposed changes to the energy sector.
Ofgem boss: Expect even higher energy bills this winter May 16, 2022 Energy prices will rise again in October, putting more pressure on struggling households, warned Ofgem boss Jonathan Brearley.
Ofgem proposes price cap shake-up which could see energy bills rise four times a year May 16, 2022 Energy users could see their household bills fall faster, with Ofgem one step closer to a major revamp of the consumer price cap.
Kwarteng pushes for gas to be classified as ‘green investments’ May 15, 2022 Kwasi Kwarteng is looking to classify as natural gas as a 'green investment' in a bid to ramp up North Sea production in line with government aspirations.