Centrica slams Ofgem after regulator hesitates over ringfencing June 20, 2022 Centrica boss Chris O'Shea has reignited calls for the ringfencing of consumer balances, and has urged Ofgem to speed up reforms.
Windfarms on to a windfall through delaying start of contracts June 20, 2022 Offshore windfarms operators that delayed the start of their 'contracts for difference' would have made significantly greater profits this year;
Petrol prices climb to new records despite dip in oil prices June 20, 2022 Petrol prices hit a new record yesterday, despite a fortnight of falling wholesale costs, triggering intense criticism from UK motoring groups.
Germany turns to coal as Russia puts pressure on gas supplies June 20, 2022 Germany will ramp up coal supplies and offer heavy subsidies to gas giants to ensure it can meet its energy needs this winter.
Manufacturing sector to miss net zero targets without Government backing for new technologies June 20, 2022 A leading industry think tank has called on the Government to set up a new fund targeting emission reductions in the manufacturing sector/
BP rubbishes Rosneft claim it is set to ‘wait out’ Russia’s war in Ukraine June 19, 2022 OIL giant BP has rubbished claims by the boss of Russian energy firm Rosneft that it was second-guessing its decision to pull out of the country after the Kremlin’s invasion of Ukraine. Igor Sechin said BP still remained its largest private shareholder despite announcing its departure from a three-decade partnership with the Russian company. “All [...]
Energy body: Windfall tax starting to deter investment June 19, 2022 ENERGY industry bigwigs have warned the first signs of the windfall tax’s chilling effect on investment are starting to be felt after reports that the Norwegian state energy company is considering abandoning a £4.5bn North Sea oil project. The Sunday Telegraph reported this weekend that Equinor’s involvement in the Rosebank Field was now in question [...]
Ofgem turns up the heat on UK Energy Incubator Hub amid industry crackdown June 18, 2022 Ofgem has demanded troubled supplier UK Energy Incubator Hub hand over information on financial stress testing and management control.
Government backs £130m subsea cable facility ahead of renewable ramp up June 17, 2022 JDR Cable Systems has gained further financial backing from the Government for its new subsea cable manufacturing facility in Northumberland.
British Gas owner Centrica strikes mega deal with Equinor to boost supplies to British homes June 16, 2022 One billion more cubic meters of gas will enter the UK market for each of the next three winters - after Centrica reached a mega deal with Equinor today.
