News
News
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UK oil and gas firms to put £250bn into low carbon energy by 2030
British oil and gas producers will invest up to £250 billion into low carbon energy by the end of the decade. That’s according to analysis by Offshore Energies UK (OEUK), which has assessed the spending plans of offshore companies that operate in UK waters. It estimates that 60% of the investments made by these firms […]
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Queen’s Speech should include an Energy Bill, says industry
The industry has called for the inclusion of an Energy Bill in the Queen’s Speech on Tuesday. Energy UK said the new energy legislation could provide the necessary framework and support for the government’s commitments to build a low carbon power system by 2035. A new Energy Bill could focus on the expansion of technologies […]
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Households’ energy bills could be pushed to £2,800 a year, warns Bank of England
Households might be squeezed even further in October as energy bills are forecast to rise to £2,800 a year. That’s one of the findings of the latest report by the Bank of England which predicts that if sustained, high electricity and gas prices would mean that the price cap could be around 40% higher than […]
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NHS criticised for wasting £150m on ‘overpriced’ electricity
NHS‘ energy costs would have been £150 million lower in 2019-20 if all trusts had paid the lowest price per kilowatt-hour (kWh) for electricity. That’s according to analysis by the Taxpayers’ Alliance which suggests for gas, there could be a saving of £68 million. The pressure group’s research used data on the estate costs of […]
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Shell reports its highest ever quarterly profits
Shell almost tripled its porfits in the first quarter of 2022. The energy giant has today published its quarterly financial report, which shows the company made $9.13 billion (£7.3bn) in the first three months of the year. That was nearly triple its $3.2 billion profit for the same period last year. Shell reported adjusted earnings […]
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Morrisons new owner to sell 80 petrol stations
The new owner of Morrisons has offered to sell 80 petrol stations after competition concerns were raised by the Competition and Markets Authority (CMA). This follows a CMA investigation launched a few months ago into the £7 billion purchase of the supermarket giant by Clayton, Dubilier Rice Holdings LLC’s (CDR). CDR is the owner of […]
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Energy firms given three-week deadline to explain direct debit hikes
Energy suppliers have been granted a deadline of three weeks to justify an alleged practice of increasing customers’ direct debit payments. The issue was raised again last week, with Business Secretary writing to the energy regulator to ask for a crackdown on energy firms amid claims some are hiking charges by more than is justified. […]
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Energy firms given three-week deadline to explain direct debit hikes
Energy suppliers have been granted a deadline of three weeks to justify an alleged practice of increasing customers’ direct debit payments. The issue was raised again last week, with Business Secretary writing to the energy regulator to ask for a crackdown on energy firms amid claims some are hiking charges by more than is justified. […]
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‘Nearly 60% of Brits slashed their energy use’ since the war in Ukraine started
Soaring energy prices and the Russia-Ukraine war, which enters its 69th day appear to have an impact on how much energy and heating Britons are using for their homes. A new study by intelligent home climate management provider tado° found that almost 60% of Brits have reduced energy in their home since the war in […]
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‘Nearly 60% of Brits slashed their energy use’ since the war in Ukraine started
Soaring energy prices and the Russia-Ukraine war, which enters its 69th day appear to have an impact on how much energy and heating Britons are using for their homes. A new study by intelligent home climate management provider tado° found that almost 60% of Brits have reduced energy in their home since the war in […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas