Over seven thousand companies and business leaders have issued a public call for urgent government action, pressing for the immediate implementation of the new North Sea fiscal regime. The demand
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Plans to advance the United Kingdom to net zero carbon emissions by 2050 could impose an additional financial burden of £350 billion compared to a slower decarbonisation pathway. Analysis conducted
Britain’s National Energy System Operator has initiated a sweeping review of hundreds of electricity generation projects to alleviate a critical backlog within the national grid. This measure seeks to prioritise
Jobs, investment, and the United Kingdom’s energy security are at risk as high taxes continue to burden North Sea oil and gas producers. Brian Gilvary, chairman of Ineos Energy, sharply
Octopus Energy, the United Kingdom’s largest energy supplier, will introduce new limits on its discounted electric vehicle tariff from January, increasing the cost for thousands of motorists. Under the revised
Households across Britain can expect to see energy bills rise by £116 annually by 2030 to cover a substantial £90 billion investment intended to expand the national electricity grid and
British households are set to shoulder billions more in energy costs following new disclosures on green subsidy funding. The Office for Budget Responsibility has revealed that an additional £1 billion
The head of one of the world’s leading energy trading firms, Gunvor, has resigned and sold his controlling shareholding to company staff, following mounting scrutiny over connections to Russia. Torbjörn
BP has withdrawn its plans to develop a significant hydrogen project in Teesside after government officials granted approval for the construction of Europe’s largest data centre on an overlapping plot
Privately owned water companies in England have issued £10.5 billion in green bonds since 2017, a fifth of the total national issuance, according to market analysis. These bonds, marketed as
The UK government has been urged to take decisive action to prevent a gas supply crisis after senior energy advisers warned of significant risks to both households and businesses by
Recent financial reports reveal surging profitability for the three companies that operate Britain’s high voltage transmission networks, offering a stark contrast to the difficulties faced by other sectors under mounting
A report from Offshore Energies UK warns that the cost of dismantling obsolete oil and gas platforms in the North Sea has reached a new high, set to surpass spending
Oil prices are heading towards their lowest point in two decades aside from the pandemic downturn, according to forecasts from JP Morgan. The bank projects the price of Brent crude
Energy bills are set to increase by £3 from January as Ofgem, the UK energy regulator, has announced a new price cap of £1758 per year for the typical household.
British households will see a marginal increase in energy bills at the start of the new year, as Ofgem, the energy regulator, raises the price cap on standard tariffs. From
