Sunak’s pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS July 28, 2022 Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the IFS.
January Blues: Brits face painful spike in energy bills as Kremlin puts West under pressure July 27, 2022 UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.
Equinor hands out a further $3bn to shareholders as high gas prices power bumper profits July 27, 2022 Equinor is returning an additional $3bn to shareholders, with the Norwegian energy giant enjoying second-quarter profits above expectations.
European gas prices close in on record highs as Russia cuts flows into Nord Stream pipeline July 27, 2022 European gas prices are closing in on record highs, after Russia followed through on its threat to further cut gas supplies into the troubled continent.
Greenpeace launches legal bid to overturn Jackdaw gas field approval July 26, 2022 Greenpeace has mounted a legal challenge against the Government, following its approval of the Jackdaw oil field last month.
Exclusive: Yü Group’s boss warns against over-regulating energy market at expense of innovators July 26, 2022 Reforms to the energy sector risk reverting the market back to only a few big suppliers, warned Yü Group boss Bobby Kalar.
Westminster committee sticks the boot into Ofgem as households suffer record energy bills July 26, 2022 MPs have raised doubts over Ofgem’s ability to clean up the energy market, following mass carnage which saw over 30 suppliers collapse.
Naftogaz suffers setback with bondholders rejecting debt freeze proposal July 25, 2022 Naftogaz has revealed its bondholders are set to refuse its two-year debt payment freeze request, alongside a setback from the government.
Serica snubs improved Kistos merger offer July 25, 2022 Serica has rejected an improved merger proposal from energy investment firm Kistos - as it believes the new offer does not reflect the value of its core assets.
Germany hands €15bn to Uniper in bailout deal July 24, 2022 The German government has stepped in to rescue troubled utility giant Uniper with a whopping €15bn bailout after suffering sharp losses.