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Energy

  • More chance of being struck by lightning: Ofwat reveals just one fine for sewage leaks in nearly 30 years

    April 10, 2023

    Ofwat has issued just one single fine to suppliers for sewage spills since the current rules were introduced in 1994 - nearly 30 years ago.

  • Harbour Energy blames windfall tax as it slashes hundreds of UK jobs

    April 6, 2023

    Harbour Energy is expected to cut 350 jobs in the UK, as it downgrades domestic operations following the windfall tax.

  • Drax’s renewable status under threat as Ofgem probes greenwashing claims

    April 6, 2023

    Drax is at risk of losing billions of pounds in government funding as Ofgem starts reviewing greenwashing claims linked to the sustainability credentials of its biomass projects.

  • Shell’s shares rise on FTSE 100 after predicting upturn in LNG output

    April 6, 2023

    Shell's shares have risen on the London Stock Exchange this morning, after it unveiled a bullish update for its first quarter of trading ahead.

  • Ofgem: Suppliers risk their licence if they fail to ringfence renewable payments

    April 6, 2023

    Suppliers will have to ringfence renewable payments separately from their commercial operations or risk losing their licence.

  • Octopus Energy wades into Asian markets with seven-figure solar farm investment

    April 5, 2023

    Sustainable energy supplier Octopus Energy has announced its first ever investment into Asian renewables generation.

  • RAC: Tesco, Asda, Sainsbury’s and Morrisons are ripping off motorists – but which Big 4 retailer has the cheapest petrol?

    April 5, 2023

    Motoring group RAC today accused Britain’s big four supermarkets of overcharging drivers at the petrol pumps.

  • Wind power meets liquid air storage as Highview and Orsted unite – but is offshore really a long term option?

    April 5, 2023

    Energy storage player Highview Power and wind power giant Ørsted have teamed up to try and prove the feasibility and economic value.

  • Enquest backs calls for windfall tax price floor after posting £33m losses

    April 5, 2023

    Enquest has joined industry calls for a windfall tax price floor, putting further pressure on the government to reform the levy.

  • Gas prices: How long before they return to pre-energy crisis levels?

    April 5, 2023

    Gas prices will not return to pre-crisis levels for another three years despite the recent drop-off, warns investment group Stifel.

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