The owner of British Gas has seen its profits plummet dramatically due to a decline in wholesale gas prices and a continued drop in energy prices. Centrica’s adjusted profits have
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Accelerated action and intensive work are required to avoid a “disorderly and unjust transition” when Scotland’s only oil refinery closes, a report has warned. With the Grangemouth refinery expected to close in 2025, the Just Transition Commission (JTC) highlighted a “lack of effective just transition planning to date.”
The complex corporate structure of Thames Water will be put under strain by the financial crisis that has engulfed the water provider. It was revealed that Trinzic Operations Ltd., which
Big ports say that the UK’s transition towards net zero is threatened by delays in the approval of new infrastructure, which puts billions of dollars of investment into offshore wind
The energy price cap in Great Britain will be reduced by £122 per year, which is equivalent to £1,568 annually for the typical charge. The latest cap only applies from
Shell has suspended the construction of Europe’s biggest biofuel plant, which was to convert waste by the end the decade into green jet fuel or biodiesel. The oil company announced
Under Britain’s largest former naval base, vast salt caverns will be excavated to store hydrogen as part of plans for the country to boost its energy security. The 19 caverns,
The road haulage sector is calling for the new government’s urgent attention to investment in infrastructure for electrical trucks. They point out that there is only one public charging station
There are too many outdated and unreliable facilities with no improvement plans. Elected officials either blame others too quickly – or refuses to admit that there is a problem, even
In May, Europe’s imports of Russian gas overtook those from the US. This was the first time since almost two years that the US had surpassed the European region in
British Gas’ owner has supported a groundbreaking plan to build UK’s first commercial project for energy storage using liquid air. The fundraising effort is expected to raise £300m. Highview Power
International Energy Agency warns that the world will face a “staggering surplus” of oil by the end decade. This is equivalent to millions of barrels per day as oil companies
A new Italian energy company is planning to build 20 mini-reactors in the UK to capitalize on the expansion of nuclear power in the country. Newcleo aims to build up
According to the International Energy Agency, global investment in low carbon electricity will increase by 10 times more than fossil fuel power in this year as a result of an
Energy analysts warn that Britain’s aged fleet of nuclear and gas power plants will continue to drive up prices until the end the decade. Prices are predicted to rise in
The freeport of Teesside and a business-park on the outskirts Birmingham were listed as potential locations for a plant that will build a next generation of mini nuclear power plants.
