Ovo exits parent firm in founder Stephen Fitzpatrick’s latest reshuffle July 31, 2023 Big Six energy supplier Ovo has cut ties with its long-standing parent company Imagination Industries, according to its latest results.
Government must turn nuclear energy ‘wish list’ into a strategy, MPs warn July 31, 2023 Government plans to revive the country’s nuclear ambitions are more of a ‘wish list’ than a strategy, warned a leading Westminster panel.
Oil prices rally due to revived hopes of Chinese demand amid Opec cuts July 30, 2023 Oil prices have recorded five straight weeks of gains with investors seemingly convinced markets will tighten.
Prime Minister Rishi Sunak to meet energy leaders ahead of new pledges July 30, 2023 Prime Minister Rishi Sunak and energy security secretary Grant Shapps will meet industry leaders from across the energy sector.
Ofgem pledges energy supplier profit bonanza will be a ‘one off’ July 27, 2023 The mega profits unveiled by energy retailers this week are a one-off, pledges market watchdog Ofgem after a bumper week of earnings.
Income falls for Total Energies as refining profits slump July 27, 2023 French oil company TotalEnergies posted a drop in second-quarter net income on Thursday, reflecting lower natural gas prices,
More energy bill support for households will be needed this winter, Cornwall Insight warns July 27, 2023 The government should bring in fresh measures to provide support for customers, warned forecasting group Cornwall Insight.
Drax locked in talks with UK government over £2bn carbon capture project July 27, 2023 Drax has confirmed talks are still ongoing with the government over its multibillion pound plans to develop its BECCS facilities.
EDF swings to profit with energy firm powered by price increases July 27, 2023 French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022.
British Gas rakes in almost £1bn as Centrica unveils near ten-fold earnings increase July 27, 2023 British Gas has posted record profits, fuelled by Ofgem's lucrative allowances in the energy price cap, totalling nearly a billion pounds.