News
News
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Labour dilutes £28bn green projects pledge, citing fiscal responsibility
Labour has made changes to its commitment to investing £28 billion per year in green industries, opting for a more cautious approach. Shadow Chancellor Rachel Reeves announced that the party would gradually increase investment from 2024, reaching the full £28 billion per year after 2027. The decision comes in response to concerns about the responsible […]
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UK firm’s green loan raises concerns as oil and gas business expands
Wood Group, an international engineering company, has faced criticism from environmental groups for expanding its oil and gas business while scaling back its renewables operations after receiving a £430 million government-backed “green transition loan.” An analysis of Wood Group’s financial results by The Guardian and investigative journalism organisation Point Source revealed that the company’s upstream […]
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UK splashes £40bn on household energy bills
Record-breaking power subsidies of £39.3 billion were provided between October 2022 and March 2023 in the UK, the largest amount ever dedicated to supporting household bills in the country’s history. The government has today said without intervention, households would have faced yearly energy bills peaking at nearly £4,300. A few days ago, Ofgem, the energy […]
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Manufacturers: Creating a Solid Business Case for Going Green
That all changed in Q4 2021, when the energy crisis hit and many businesses saw their energy bills quadruple. Add a military conflict to the mix involving two of the biggest exporters of raw materials, and it wasn’t just countries scrambling for energy security or energy independence, but high energy consuming businesses too. In light […]
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Podcast: As energy prices have plunged, why is the relative calm at risk?
Topics explored include: A price plunge, but what next for Europe? What about carbon given its volatile past? Why persistent structural risk puts the relative calm in jeopardy. Demand destruction in Europe due to lack of supporting policy. Supply availability while good at present, is countered by higher supplier margins – more so in Europe […]
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Call for Ofgem to protect small businesses hit by high energy costs
Law firm Harcus Parker has called for a moratorium on energy suppliers issuing winding-up petitions against small businesses facing high energy costs, as the number of petitions is expected to reach a record high in 2023. The firm’s investigation revealed that three energy companies have already filed 32 winding-up petitions in the first four months […]
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Concerns mount over delays and rising costs at Hinkley Point C
The Hinkley Point C nuclear plant, the only one currently under construction in Britain, is facing increasing worries about further delays and cost overruns. During Keir Starmer‘s recent visit, the opposition leader accused the government of hindering progress on the project. Initially expected to be operational in 2023, the Hinkley Point C reactor is now […]
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Aldi dims lights to keep prices low
Aldi is reportedly reducing lighting in 990 of its stores as part of cost-cutting measures to keep prices low. This initiative forms part of Aldi’s wider commitment to achieving net zero carbon for electricity use by 2030. By introducing more energy-efficient LED lighting and implementing other measures, the supermarket aims to reduce overall energy consumption […]
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Space-based solar power beamed down to Earth
California Institute of Technology (Caltech) scientists have transmitted space-based solar power to Earth for the first time. They achieved this milestone using a space-borne prototype called the Space Solar Power Demonstrator (SSPD-1), developed by Caltech. The prototype collected solar energy from space and converted it into electricity, which was then transmitted back to Earth. The […]
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Scottish Government consults on easier renewable energy installations
The Scottish Government is seeking public input on proposals to simplify the installation of renewable energy technologies for businesses and homeowners. The measures aim to save time and money by introducing changes to the planning process. Under the proposed reforms, businesses and homeowners would benefit from streamlined procedures for installing equipment such as solar panels […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas