Drax faces political storm over claims it used loophole to keep £639m from bill payers August 3, 2023 The chair of a leading Westminster panel has vowed to investigate reports Drax has been switching off one of its biomass units.
Government warned that a poor investment climate risks new UK energy projects August 3, 2023 The UK’s investment climate must be improved if the government wants to attract more private sector funding for renewable projects.
What is biomass? The power source at the centre of latest Drax controversy August 3, 2023 Drax faces accusations from it turned off power generation at one of its biomass units, but what is the power source at the centre of debate?
UK energy sector M&A activity rises to £10bn this year despite economic gloom August 2, 2023 A flurry of business activity saw nearly £10bn of M&A deals powered by the energy sector in the first six months of 2023, according to PWC.
Drax hits back at claim it cut production at biomass unit to avoid £639m customer payout August 2, 2023 Drax has been accused of shutting down production at one of its biomass generators to avoid returning money to customers.
What next for oil prices as US stockpiles slip and hope of China rebound rises August 2, 2023 Oil markets are benefitting from robust demand, with trading on both major benchmarks at a near four month-high.
Shapps: UK will still meet ‘net zero’ targets despite oil and gas licences August 2, 2023 Energy security secretary Grant Shapps has insisted the UK will “still meet our net zero targets” despite new oil and gas licences.
Shapps to meet energy chiefs over government’s green energy goals August 2, 2023 Grant Shapps will encourage energy chief to outline their plans to bolster the country's supply security today.
BP is giving back to its shareholders – but is it giving back to the UK? August 1, 2023 Energy giant BP ensured its first priority was its shareholders today, sustaining buybacks for investors even as profits started to slide.
Gold demand propped up by record central bank buying August 1, 2023 Gold demand has been bolstered record buying from central banks over the first six months of trading this year.