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Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hikeThe chancellor, Rachel Reeves, told a fossil fuel company the industry would receive a “quid pro quo” in return for higher taxes on its windfall pr…
Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…
Gas companies can be sent multimillion pound fees to generate electricity when wind and solar power is in short supplyMore UK gas plants will be in line for windfall payments to help keep the lights on this winter after generators received multimillion…
Body unveils plans to ban all gas imports from Russia by January 2028 – but faces backlash from Hungary, Slovakia and AustriaThe European Commission has insisted there will be no return to Russian gas, as it published plans to phase out fossil fuel imp…
System failure caused by network’s inability to control grid voltage said to be behind outage in Spain and PortugalThe unprecedented blackout that brought the Iberian peninsula to a standstill at the end of April was caused by surging voltages triggeri…
Ed Miliband’s vehicle for investing in renewables lost 30% of its pot to small nuclear reactors in the spending reviewGB Energy’s promised £8.3bn budget raided to pay for small nuclear reactorsThere was a weirdness in the government’s welcome announcem…
Ed Miliband promises to ‘get Britain off the fossil fuel rollercoaster’ with new plant expected to create 10,000 jobsThe biggest nuclear programme in a generation will “get Britain off the fossil fuel rollercoaster”, the energy secretary, Ed Miliband, …
ThyssenKrupp executive warns of ‘collateral damage’ to supply chains and urges protective action on energy pricingEurope’s steel industry faces being “wiped out” in the face of Donald Trump’s prohibitive 50% tariffs, high energy costs and a mountain of…
With Nigel Farage targeting net zero, could government policy change to protect jobs, revenue and votes?It was inevitable that Nigel Farage would take Reform UK’s campaign tour to Aberdeen. On a visit to the capital of the UK’s oil and gas industry on …
Centrica’s 10-year agreement with Equinor helps meet almost 10% of the UK’s needs – enough to supply 5m homesThe owner of British Gas has struck a £20bn deal with Norway’s state energy company to buy enough gas to meet nearly 10% of the UK’s needs for …