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Potential £9m profit dropped for £150m investment to shield consumers from price increases, says supplierOctopus Energy said it has decided against making its first ever annual profit after ploughing £150m into attempting to keep customers’ gas and ele…
Proposed use of tax credits follows pressure to respond to Biden’s $369bn green subsidy scheme in USThe EU is stepping up its green subsidy race with the US through plans to loosen state aid rules on tax credits for renewable energy projects.European p…
Oil and gas group says countries are pursuing energy security by backing domestic, renewable suppliesGlobal carbon emissions are expected to fall quicker than previously expected as a result of the war in Ukraine and Joe Biden’s efforts to encourage gr…
British Gas, E.ON and Scottish Power demand scrutiny of process by which rival acquired collapsed BulbOctopus has labelled its rivals “desperate” while British Gas has claimed the energy supplier benefited from “hugely advantageous” terms in landing a …
Drax and one EDF unit had been warmed up in response to request over strike concerns and not cold snapNational Grid has stood down coal-fired power stations that had been instructed to warm up on Thursday after France’s network operator sounded the ala…
Move leaves British Museum and Science Museum isolated as arts institutions with fossil fuel sponsorsCampaigners have hailed a “seismic shift” in arts funding after the Royal Opera House confirmed it had severed its sponsorship relationship with BP aft…
More than 1m households and businesses have signed up to get paid to cut back on power usageHouseholds were paid to cut back on their electricity use for an hour on Monday evening in the first test of a National Grid scheme aiming to cut energy consump…
Briefing notes obtained by FoI reveal minister meeting with Drax CEO was told Greenpeace supported practiceGreenpeace has accused the government of misrepresenting its stance on burning trees for electricity, giving a minister the impression of public …
National Grid scheme, which launched officially on Monday, to operate between 4.30pm and 6.30pmHouseholds to be paid to use less electricity: how does it work?National Grid is expected to pay out more than £2m to households and businesses to encourage …
Spending exceeds receipts by £27.4bn, as higher interest payments also contribute to deficitGovernment payments to soften the impact of rocketing energy bills helped send UK public borrowing soaring to more than £27bn last month – the highest figure fo…