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Energy
British Gas’s huge profits fuel a row about energy bills
The regulator has increased the price cap in order to compensate for setting it too low previously. Profits are expected to be six times higher in the second half of this year than they were in the first.
British Gas, which is owned by…
Saudi Arabia’s loss of control over oil prices
It was a time when Saudi Arabia could control the future or at least, the future of world economics.
The people would listen to Sheikh Yamani as if he were a legendary Saudi Oil Minister, or a kind of Pythia from Delphi.
He could,…
Shell exits home retail energy business across Britain, Germany and The Netherlands
Shell is the latest to leave the domestic electricity market and blames the volatility of the energy sector as well as the lack of consistency by the government in dealing with the industry.
The oil giant announced that, after a…
Boiler manufacturers are upset about UK heat pump target
In a new dispute over the speed of the transition to lower-carbon heating, boiler manufacturers are fighting back against UK government attempts to force them into rapidly making thousands more heat pump.
From next year, the government…
Oxford Nuclear Fusion wins funding from Washington
The United States government has funded a technology company in the UK to move forward with its plan to build a nuclear power plant and develop abundant clean energy.
Tokamak Energy has its headquarters in Oxford, and Sir David Harding,…