Record profits put energy firms in Westminster crosshairs once again July 29, 2022 Energy giants triggered a fierce backlash yesterday after unveiling massive profits powered by soaring oil and gas prices.
29m UK households to get £400 in instalments between October and March to help with energy bills July 29, 2022 As millions worry about the prospect of eye-watering energy bills this winter, the government has revealed how its £400 discount will be implemented. 29m households will receive a non-repayable sum of at least £400 over the course of six months as part of the Energy Bills Support Scheme. The initiative, which will be administered by [...]
More than 3m UK households now live in fuel poverty as fears grow this number will double July 29, 2022 The chairwoman of the Committee on Fuel Poverty, Caroline Flint, said this morning close to 3.2m households are living in fuel poverty according to official statistics. “But those statistics were before these price increases happened and there are a number of organisations – National Energy Action and others – who are predicting it could double [...]
Exclusive: OEUK defends windfall tax’s investment relief and calls for domestic energy ramp-up July 28, 2022 The UK's leading industry body for offshore energy has defended the continued inclusion of investment relief within the windfall tax.
‘Extract as much as possible from North Sea oil fields’, says Jacob Rees-Mogg July 28, 2022 Jacob Rees-Mogg has said “we need to be extracting as much as we possibly can from our North Sea oil fields”. The Cabinet Office minister was asked on the BBC Radio 4’s World At One programme whether the extraordinary profits that energy companies have made should be redistributed given the pain many households are feeling [...]
Bulb Energy warns customers over extra charges ahead of painful price cap hike July 28, 2022 Customers of collapsed energy firm Bulb Energy have been warned they will face extra charges if they are unable to pay their bills.
Total Energies records profit surge as commodities boom but disappoints with lean dividends July 28, 2022 Total Energies has posted a sharp surge in second-quarter profits, powered by soaring oil and gas prices following Russia's invasion of Ukraine.
Exclusive: Energy boss slams Liz Truss’ plans to suspend green levies as ‘nonsensical’ July 28, 2022 Good Energy's chief executive Nigel Pocklington has slammed Liz Truss' proposal to impose a moratorium on green levies.
Tsunami of new customers: 200,000 households flock to British Gas as competitors are wiped out but profits nearly halve July 28, 2022 British Gas welcomed more than 200,000 customers as some of the energy giant’s rivals went out of business in the first six months of the year. The business gained 158,000 new accounts when it took over the responsibility to sell gas and electricity to Together Energy’s customers. Together was one of around 30 suppliers that [...]
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
