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Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recessionThe Bank of England’s chief economist has warned high rates of UK inflation could persist for longer than expected, despite a fall in wholesale energy…
New scheme for companies, charities and public sector organisations to offer discount on wholesale pricesThe chancellor, Jeremy Hunt, is poised to announce a cut to the financial support offered to businesses to help with their energy bills.A new schem…
Impact of reduced state support with company power bills could prompt job cuts, warns industry bodyAlmost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as con…
Firm said in October it had not paid any UK windfall taxes because of heavy investment in North SeaShell has revealed it will pay about $2bn (£1.7bn) in UK and EU windfall taxes for the final quarter of 2022 – the first time it has paid UK tax for five…
Robert Habeck says ‘half of our eggs were in the basket of Putin’ but Germany is now recovering capacityRussia-Ukraine war – latest news updatesVladimir Putin has gambled away his gas leverage over Europe, Germany’s vice-chancellor has claimed as he so…
Ministers missed crucial opportunities but should use energy windfall tax to speed up insulation efforts, committee saysA national “war effort” on energy efficiency is required to cut energy bills, reduce climate-heating emissions and ensure energy sec…
Exclusive: Centrica expresses ‘profound concern’ over financial resilience of some competitors British Gas owner Centrica has expressed “profound concern” over the financial resilience of some of its competitors in the domestic energy market and has wr…
US Coast Guard found wreckage of aircraft that was transporting oil rig workers when it crashed killing all onboard on ThursdayAuthorities have found the remains of the four people who died in a helicopter crash in the Gulf of Mexico near Louisiana on …
New record of 87.2% also set for share of electricity on grid coming from renewables and nuclearBritain has set a new record for wind generation as power from onshore and offshore turbines helped boost clean energy supplies late last year.National Grid…
Falls could lower cost of government subsidies and reduce risk of power cuts this winterEuropean gas prices tumble amid warm January weatherEconomic forecasters could be forgiven for reading the outlook for 2023 through their fingers as strikes, cost o…