Here comes Elon: Tesla wins licence to supply electricity in Britain Energy Tesla has been granted approval to supply electricity to homes and businesses across the UK, opening the door for the electric vehicle giant to enter the country’s retail energy market. Energy regulator Ofgem confirmed on Thursday that Tesla Energy Ventures Limited, a subsidiary of Musk’s company, has been granted an electricity supply licence by the [...]
UK gas prices spike over 90 per cent amid US-Iran war Economics Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just [...]
Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts Markets Welcome back to the City AM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]
Household energy prices to fall by 7 per cent from April 1 February 25, 2026 The price most households pay for energy will fall by 7 per cent from April 1, driven by the Government’s promised £150 cut to the average bill, Ofgem said. The regulator’s price cap will drop from the current £1,758 to £1,641 – a reduction of around £10 a month for the average household using both [...]
Centrica CEO: Regulate energy bosses like top bankers October 16, 2025 The boss of the UK’s largest energy supplier has called for the sector’s chief executives to be regulated like bankers, despite the government’s high-profile drive to slash red tape in a bid to boost the economy. During an evidence session with the Energy Security and Net Zero Committee, Centrica’s Chris O’Shea told MPs he was [...]
Peter Kyle pushes AI regulation changes to support UK businesses September 3, 2025 Technology secretary Peter Kyle will use his speech at Mansion House tonight to urge UK regulators to adopt AI in a bid to cut approval times for businesses, as Britain seeks to keep pace in the global race for tech leadership. Kyle is set to pledge £2.7m in government funding to help regulators trial AI [...]
Natpower trumps Labour with £1bn battery storage project August 28, 2025 Global energy company Natpower is set to dwarf a key Labour investment in battery storage development as it said £1bn would be injected into one of the largest storage sites in the UK. The new battery storage project on Sembcorp Utilities’ Wilton International Site near Middlesbrough will receive £1bn in private funding with “no government [...]
Ofgem ups energy price cap August 27, 2025 The energy watchdog has announced that the energy price cap will be raised by a higher than expected two per cent between October and December. Ofgem’s decision is set to push the typical household’s energy spend up to £1,755 per year, despite a fall in wholesale energy prices. This comes following a price dip over [...]
Elon Musk’s Tesla makes bid to power UK homes August 11, 2025 Elon Musk’s Tesla has applied for a licence to supply electricity to UK homes and businesses, in a move that could see the world’s most famous electric car brand take on Britain’s energy giants as soon as next year. The application was filed late last month by Tesla Energy Ventures, the Manchester-based energy subsidiary of [...]
Ofgem gives green light to landmark electric grid upgrade July 1, 2025 The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition. The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. Over £15bn is set to be deployed [...]