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Ofgem opens investigation into National Grid as report finds incident that cut airport power was preventableBusiness live – latest updatesThe root cause of the substation fire that shut Heathrow airport was a preventable technical fault that National G…
Details of payouts to Winston Soosaipillai and wife Arani emerge as calls grow for couple to financially support 625-strong workforceThe married couple behind the Prax Lindsey oil refinery awarded themselves at least $15.9m (£11.5m) in pay and dividend…
Ofgem approves investment amid push by government to expand UK’s renewables sectorBusiness live – latest updatesEnergy companies have been given the green light to spend nearly £24bn on Great Britain’s electricity grid, in a move that will further incr…
Shell doubles down on denials after media reports of early talks with rival BP to create £200bn UK oil companyBusiness live – latest updatesShell has said it has “no intention” of making an offer for the rival fossil fuel company BP after speculation i…
RTS meters in 300,000 homes to be phased out rather than turned off on 30 June deadlineAs the temperature climbed towards 30C the peril of turning off a system that could leave people with their heating stuck on full must have looked like an avoidable …
Stock markets including FTSE 100 edge higher as traders hope conflict will not disrupt oil suppliesBusiness live – latest updatesOil prices have pared back losses after a sharp fall triggered by Donald Trump’s declaration of a ceasefire between Israel…
Struggling steel sector among those expected to benefit in government’s long-awaited industrial strategyUK manufacturing is expected to receive support to ease energy costs and boost skills, the Guardian understands, as part of a long-awaited industria…
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…