Kwarteng intervenes in China-linked takeover of UK-based graphene firm on security grounds May 12, 2022 Kwasi Kwarteng yesterday triggered a further review of a proposed China-linked takeover of a UK-based graphene firm.
Octopus backs plans to build the world’s largest subsea power cable to power seven million homes May 12, 2022 Octopus is backing Xlinks' plans to build the world’s largest subsea power cable to deliver renewable energy from Morocco to the UK.
Oil bosses dubbed ‘the new oligarchs’ as political focus on windfall tax for energy giants grows May 12, 2022 Conservative MP Robert Halfon this morning labelled oil company bosses “the new oligarchs” as he called on the Government to hit them with a windfall tax. Speaking on BBC Radio 4’s Today Programme, he said the Government had done “a fair bit” to tackle the cost-of-living crisis but that families were still struggling with food [...]
EU reaches first-stage agreement on carbon trading as it begins overhaul plans May 11, 2022 European Union lawmakers have reached an initial agreement on reforms to the trading bloc's carbon market.
Lawsuit seeks compensation for millions of UK energy customers May 11, 2022 Former Ofgas head Clare Spottiswode has teamed up with law firm Scott + Scott to file a blockbuster class action lawsuit in a London court.
National Grid to pay £200m to energy users from subsea cable trading May 11, 2022 National Grid has revealed it will share some of the excess cash it has made with struggling households amid the cost of living crisis.
E.ON suffers massive drop in profits amid spiralling wholesale costs and Russian uncertainty May 11, 2022 E.ON has suffered a 15 per cent drop in first-quarter profits, blaming higher energy prices that it was unable to pass on to customers.
UK electricity grid faces oversupply problems May 10, 2022 The UK's electricity grid will have an oversupply of renewable and nuclear more than half the time by 2030, according to LCP.
Energy Bill: Government commits to renewable ramp up but lacks plan for cost-of-living crisis May 10, 2022 Industry commentators have responded to the inclusion of the Energy Security Bill in the Queen's Speech, and the lack of support for households.
Tesco chief joins calls for energy firms to face windfall tax amid deepening cost-of-living crisis May 10, 2022 Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease pressure on households.