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Ofgem’s bigger than expected £111 rise is third consecutive increase in energy price capBusiness live – latest updatesMillions of homes will face higher than expected energy bills from April after the industry regulator said its price cap would rise by…
Exclusive: Union concerned over safety as site’s bosses say budget does not cover work plannedSellafield has said nearly £3bn in new funding is “not enough” and bosses are now examining swingeing cuts, prompting fears over jobs and safety at the vast n…
Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this weekBP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a shift back towards fossil fuels when it presents its str…
Green sector growing at triple the rate of the UK economy, providing high-wage jobs and increasing energy securityThe net zero sector is growing three times faster than the overall UK economy, analysis has found, providing high-wage jobs across the cou…
Unions have accused UK government of failing to act quickly enough to save jobs, but Labour says it took time to build credible proposalKeir Starmer has announced £200m in funding to boost investment at Grangemouth oil refinery, which is closing down w…
CEO of owner Centrica says service will be ‘my obsession’ as profits slump by a third to £2.3bnBusiness live – latest updatesThe boss of British Gas has said that losing its spot as Britain’s biggest energy supplier for the first time in four decades s…
Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great Britain The companies behind Great Britain’s gas pipes and power lines have pocketed a windfall of nearly £4bn from household bills during the energy and cost c…
Battery technologies are at the heart of the global energy system. Electrification – the process of replacing technologies and systems that rely on fossil fuels with those powered by electricity, often sourced from renewable energy – has enhanced their importance.
Owners confirm site will become fuels import terminal and distribution hub, in blow to Scotland’s industrial baseBusiness live – latest updatesThe owners of the Grangemouth oil refinery have confirmed it will shut by the end of June next year, in a blo…
Scottish first minister says raising and extending windfall tax would be throwing workers ‘on scrapheap’Humza Yousaf has accused Labour of behaving like Margaret Thatcher by throwing oil and gas workers “on the scrapheap”, as he announced the Scottish …