Ofgem fines UK’s largest electricity distribution network for failing to support vulnerable customers May 4, 2022 The UK's largest electricity distribution network operator has agreed to pay nearly £15m failed to provide support to some its most vulnerable customers.
Equinor revels in record profits as European energy crisis sends gas prices to all-time highs May 4, 2022 Equinor has reported record profits, as the war in Ukraine exacerbated Europe's energy crisis and sent gas prices spiralling to all-time highs.
From Russia with losses: BP counts the cost of Rosneft exit amid escalating windfall tax row May 4, 2022 BP’s decision to pull out of its Russian holdings after the Kremlin’s invasion of Ukraine has blown a £20bn hole in its first quarter finances.
Putin ramps up pressure on West with plans to terminate exports May 3, 2022 Russian President Vladimir Putin has signalled he could terminate exports of products and raw materials, in response to Western sanctions.
Ofgem investigates suppliers over direct debit payments May 3, 2022 Household energy suppliers are under fresh scrutiny from Ofgem amid concerns customers are facing unfair hikes in direct debit demands.
BP rebounds with soaring underlying profits as calls for windfall tax escalate May 3, 2022 BP has raked in massive underlying profits across its oil and gas operations over the first three months of 2022 amid soaring energy prices.
Government weighs up extending life of Hinkley Point B as energy crisis deepens May 2, 2022 Business Secretary Kwasi Kwarteng is open to extending the life of nuclear power plant Hinkley Point B amid increasing focus on energy security.
BP and Shell set to unveil massive profits and payouts amid growing calls for windfall tax May 2, 2022 Shareholders in BP and Shell are anticipating bumper payouts this week, amid mounting calls for a windfall tax.
Octopus stretches tentacles into UK offshore wind market April 29, 2022 Octopus Energy Generation (Octopus) has dipped its toes into the domestic offshore wind market for the first time, investing in a large farm off the coast of Skegness.
Clean energy start-up pursues investors for world’s longest undersea cable April 29, 2022 Plans for the world's longest undersea cable connecting that could deliver nearly a tenth of the UK's electricity have been given a fresh boost today.