Energy watchdog Ofgem to review price cap quarterly ahead of ‘challenging winter’ August 4, 2022 Energy regulator Ofgem said this morning that the energy price cap will be reviewed quarterly, rather than every six months, as it warned that customers face a “very challenging winter ahead”. The regulator said the change would go “some way to provide the stability needed in the energy market”, adding: “It is not in anyone’s [...]
OPEC+ hikes production targets by miniscule volumes of 100,000 barrels per day August 3, 2022 The OPEC+ coalition of oil producing countries today agreed to up its production targets by miniscule volumes of just 100,000 barrels of oil per day, in a hike that scuppered hopes for a more substantial increases that could have reversed the recent surge in prices that has wreaked havoc on the global economy. The [...]
BP’s profits bonanza reignites windfall tax debate with energy bills set for painful spike this winter August 3, 2022 BP unveiled bumper profits powered by soaring oil and gas prices yesterday, as households brace for painfully high energy bills this winter.
Can hydrogen boost the UK’s energy security? August 2, 2022 The Government’s supp;y security strategy gives a clear role for low-carbon hydrogen, but what role can it play in our energy sector?
BP boss confirms higher taxes in line with profits as Labour calls for investment relief to be scrapped August 2, 2022 BP boss Bernard Looney has confirmed the energy company will be paying more taxes in line with near-record quarter results.
Aviva chief Amanda Blanc joins BP as non-executive director August 2, 2022 British energy major BP today said it has recruited Aviva chief executive and insurance sector veteran Amanda Blanc to sit on its board of directors. The appointment is set to see Blanc sit on BP’s board as a non-executive director, whilst continuing in her current job as chief executive of British insurance giant Aviva. In [...]
Wonks: Power prices won’t ease until 2028 despite renewable ramp-up August 2, 2022 Power prices will take five years to plateau, according to the latest market outlook from energy specialist Cornwall Insight.
Ultra-high energy bills are here to stay, warns Cornwall Insight August 2, 2022 Household energy bills will remain historically elevated into 2024, revealed Cornwall Insight, meaning Brits will be under sustained pressure.
Government rolls out £635m to boost energy efficiency across public buildings August 2, 2022 Hundreds of public buildings across England could be eligible for energy efficiency upgrades, as it looks to drive down energy bills.
Homeowners offered energy MOT to ease bills August 1, 2022 Homeowners can benefit from recommendations for saving money on energy bills via a new website set up by the Government last weekend.
