News
News
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Government considers offering loans to energy firms
After a traumatic week for the UK’s energy market due to the soaring global gas prices, the government is reportedly considering offering emergency loans to energy firms. According to reports, the loans are expected to encourage energy companies to take on customers of companies that go under administration. Analysts claim that wholesale gas prices have […]
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Kwasi Kwarteng: “Security of energy supply is not a cause for immediate concern”
The Business and Energy Secretary is reassuring that the security of the country’s energy supply is not a cause for immediate concern. That comes after a series of meetings Mr Kwarteng held with energy industry bosses during the weekend. The main topic of these discussions was the worrying impact of global gas price rises that […]
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EU to boost climate funding with further €4bn for poorer countries
The European Union has pledged to increase climate funding by €4 billion (£3.4bn) to help countries worst hit by the devastating impacts of climate change. Speaking at the European Parliament, European Commission President Ursula von der Leyen said: “We will now propose an additional€4 billion (£3.4bn) for climate finance until 2027. But we expect the […]
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Wholesale energy costs now ‘burn’ switching service of comparison website
The energy switching service of a leading comparison website has been frozen today. Soaring energy prices seem to continue painting a grim picture for the British energy market’s future as they led Compare The Market to pause one of its most popular services. Earlier this week, analysts predicted prices will further increase because of a […]
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British Embassy Bratislava seeks projects for climate awareness
The British Embassy in Bratislava is inviting non-profit organisations in Slovakia to submit proposals for projects aimed at raising awareness and engagement on climate change. Funding worth up to €5,000 (£4,265) will be provided for projects that cover one or both of these topics: youth engagement with climate change in relation to COP26 and promotion […]
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ENA recognised for its work during Covid-19 pandemic
Energy Networks Association (ENA) has been shortlisted in two award categories for its response to Covid-19 pandemic. The energy industry body is the finalist in the Covid Response Awards. The ENA joins other finalists, including BBC Education, Channel 4, HMRC and the video conferencing platform Zoom. The association has made it into the categories for […]
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Britain’s EV rapid charging infrastructure secures £75m
Electric vehicle (EV) charging services provider Osprey Charging will invest £75 million in building more than 150 rapid EV charging hubs across the UK over the next four years. Each hub will accommodate up to 12 rapid chargers, which means the project will deliver 1,500 units nationwide. The charging infrastructure will be capable of adding […]
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Countries spent $42bn on coal power plants between 2013 and 2019
Nearly $42 billion (£30.3bn) was invested in coal power plants in 18 countries during a six-year period, between 2013 and 2019. That’s according to new research by Sustainable Energy for All (SEforALL) and Climate Policy Initiative (CPI), which suggests that governments continue to subsidise additional coal-fired generation capacity in South Asia and Sub-Saharan Africa. The study […]
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Yorkshire Water fined £150,000 for sewage leaks
Yorkshire Water Services Limited has been fined a total of £150,000 for illegally discharging sewage effluent into the Potter Carr Nature Reserve. The company pleaded guilty to two charges at an earlier hearing – causing sewage sludge to enter a tributary of the Mother Drain and breach of permit condition relating to ammoniacal nitrogen levels […]
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Cabinet reshuffle: Anne-Marie Trevelyan leaves BEIS team, Kwasi Kwarteng retains role
Anne-Marie Trevelyan has left the Department for Business, Energy Industrial Strategy (BEIS) in Boris Johnson’s reshuffle of the Cabinet. The former Energy, Clean Growth and Climate Change Minister has been appointed as International Trade Secretary, replacing Liz Truss who has been promoted to the role of Foreign Secretary. Kwasi Kwarteng and George Eustice will, however, […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas