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Grant Shapps to tell suppliers that reduced wholesale prices must be seen in consumer pricesMinisters have warned energy firms that they must pass on the benefits of lower wholesale prices to consumers, amid concern that bills could rise this spring.In…
Absence of long-term plan could deter investors or lead them to increase prices, says National Audit OfficeMinisters’ efforts to tackle the energy bills crisis have left the UK at risk of missing a key target to source green power and are threatening t…
Chancellor urged to ditch plans to cut support for energy bills when he delivers his budget for 2023More than 2m households in England fell into fuel poverty last year, raising pressure on Jeremy Hunt to ditch a planned cut to energy bills support.The …
Museum says no talks took place between October 2021 and December 2022 and most recent deal has endedFurther questions have been raised about the future of the British Museum’s controversial sponsorship deal with BP, after the museum said the two parti…
Consumers will pay more because 1 April is also date for reduction of government supportWhy are bills going up and what help will you get?Pressure is mounting on the chancellor, Jeremy Hunt, to postpone a looming cut in support for household energy cos…
Concerns about energy shortages drive increase as projects progress at ‘extraordinary’ speedChina approved the construction of another 106 gigawatts of coal-fired power capacity last year, four times higher than a year earlier and the highest since 201…
Firm set for clash with investors over possible payout to Bernard Looney from three-year share award planBP is set for a clash with investors after it emerged the oil and gas group’s chief executive could be in line for a special bonus of up to £11.4m….
Chemicals company says disruption from Ukraine war, rising costs and inflation will continue this yearThe German chemicals company BASF has said it will cut 2,600 jobs as Europe’s largest economy braces for recession triggered by the energy crisis that…
International Energy Agency says efforts to replace Russian gas successful but warns against overconfidenceThe head of the International Energy Agency has warned that the “energy battle” between Europe and Russia is not over, despite a sharp drop in wh…
Long-awaited scheme aims to cut costs for 300 firms in energy-intensive sectors such as steel and chemicalsMinisters have moved to level the playing field on energy costs between British manufacturers and their European competitors after years of conce…