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July 19, 2025

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Energy industry

Ofgem energy price cap falls below £2,000 but consumers still face high bills

Ministers urged to intervene as households in line for another winter of squeezed budgets‘Price cap won’t help much’: customers’ fears over winter billsBusiness live – latest updatesGreat Britain’s energy price cap has fallen below £2,000 a year for th…

August 25, 2023
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A social tariff could bring a warm glow to UK energy policy

A lower price cap will still mean unaffordable bills for many. Yet a fairer alternative has been quietly droppedNearly a decade ago, former Labour leader Ed Miliband sowed the seeds of the energy price cap, vowing to protect households from unfair tari…

August 20, 2023
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UK windfarm red tape to cost billpayers £1.5bn a year, say analysts

Analysis finds Treasury rules on new windfarms likely to stifle energy generation and keep bills highNew offshore windfarms will be strangled by government red tape, costing UK billpayers £1.5bn a year, an analysis has found.The latest government aucti…

August 17, 2023
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Scottish public spending deficit falls as oil revenues hit record high

Both sides of constitutional debate use Gers data to argue case for and against independenceUK politics live – latest updatesScotland’s public spending deficit has fallen from a record peak last year, as oil and gas revenues reached their highest-ever …

August 16, 2023
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UK inflation falls sharply to 6.8% as cost of living pressures ease

Lower energy costs behind drop in annual rate in July, as wage increases finally overtake price risesWhich UK goods and services have changed most in price?Analysis: Bank may be forced to deploy its only weapon againBusiness live – latest updatesThe UK…

August 16, 2023
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Fury as Alberta cuts renewables during Canada’s worst fire season ever

Critics of the policy expressed concern that decision will weaken investor confidence in solar and wind energy in the regionA decision by Canada’s largest oil and gas-producing province to halt new wind and solar projects has prompted disbelief among e…

August 9, 2023
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Amazon leaders fail to commit to end deforestation by 2030

Eight South American presidents including Brazil’s Lula say rich countries need to pledge more resources to help protect rainforestAmazon leaders have called on rich countries to help them develop a Marshall-style plan to protect the world’s largest ra…

August 9, 2023
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EY worked for Santos while assisting NSW policy that greenlit gas giant’s Narrabri project

Exclusive: Consulting firm did not disclose Santos work before being paid to assist the government’s ‘future of gas statement’ that paved way for Narrabri gas developmentGet our morning and afternoon news emails, free app or daily news podcastConsultan…

August 8, 2023
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Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

Decline in crude oil prices and less refining income trims revenues inflated in 2022 by Russian invasion of UkraineThe world’s biggest oil firm, Saudi Aramco, has announced a near-40% fall in profits after a decline in crude oil prices and weakening ma…

August 7, 2023
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Major UK gas boiler maker to start electric heat pump production in Hull

Exclusive: Ideal Heating’s £50m investment aims to build 60,000 pumps and train 5,000 installers a year One of Britain’s biggest boiler makers is to start manufacturing electric heat pumps to keep pace with what it describes as the biggest transformati…

August 7, 2023
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