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Energy

  • Customers will be hit with higher bills to help Thames Water, interim boss admits

    July 12, 2023

    Customers will have to foot the bill for improving Thames Water's creaking infrastructure and poor operational performance.

  • ‘Polluters must pay’: Therese Coffey announces unlimited fines for environmental damage

    July 12, 2023

    Environmental polluters face the prospect of unlimited fines penalties, the government has confirmed in its latest clampdown.

  • Consumer behaviour change essential for reaching net zero, UK’s electricity system operator warns

    July 12, 2023

    Britain will struggle to reach net zero carbon emissions over the next three decade unless consumers are prepared to change their consumption behaviour, according to the latest study from National Grid's electricity system operator (ESO).

  • Global energy demand will soar over next two decades, says OPEC

    July 11, 2023

    Global demand for all forms of energy is forecast to rise 23 per cent through 2045, according to OPEC's latest forecasts.

  • Rising critical mineral supplies could help meet demand to fight climate change

    July 11, 2023

    Supply of minerals critical to the energy transition could move close to levels needed to support climate pledges by 2030.

  • British Gas owner Centrica seals £6.2bn US LNG mega deal – that could power five per cent of UK homes

    July 11, 2023

    British Gas owner Centrica has signed a new £6.2bn ($8bn) mega deal with Delta Midstream for 1m tonnes per annum of LNG for 15 years.

  • Utilities sector hits rock bottom as customer satisfaction plummets

    July 10, 2023

    Poor handling of complaints has powered a record plunge in customer satisfaction across all sectors of the UK economy.

  • Oil sorted? OPEC gambles on demand revival to boost flagging prices

    July 10, 2023

    OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.

  • Siemens Energy deepens in-house probe into turbine problems

    July 8, 2023

    Siemens Energy's board has set up a task force to establish the scope of deepening problems at its crisis-ridden wind turbine division.

  • Oil prices up three per cent to nine-week high on supply concerns

    July 8, 2023

    Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]

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