Households face £900 hike to energy bills after Ofgem keeps price cap high at £3,280 February 27, 2023 Households face a painful hike to their energy bills, with support tapering off and the price cap remaining above £3,000.
Getting warmer: Have heat pumps finally cracked the mainstream market? February 27, 2023 A price war for heat pumps was triggered last month, when British Gas owner Centrica unveiled a £3,000 product for households.
Scottish Power owner Iberdrola expects hefty profit rise before windfall tax February 22, 2023 Scottish Power owner and Spain's biggest utility firm Iberdrola expects its net profit to increase by eight to ten per cent this year.
Flagship £450m green energy boiler scheme needs urgent reform to prevent it failing, Lords committee warns February 22, 2023 The government’s boiler upgrade scheme is failing to deliver on its objectives, warned the environment and climate change committee.
Rio Tinto rocked by weaker commodity prices as it reports steep downturn in profits February 22, 2023 Higher energy costs, inflation, and downward pressure on commodity prices has weighed on profits at multinational miner Rio Tinto.
UK risks falling behind US and EU in green energy race, warn MPs February 22, 2023 MPs are piling pressure on the government to compete with rival markets for green energy investment, such as the US and EU.
Fossil fuel industry needs to do more to tackle methane emissions, warns IEA February 21, 2023 The fossil fuel industry is failing to tackle methane emissions despite its pledges to uncover and fix leaking infrastructure, warns the IEA.
Energy firms face fines for breaking forced prepayment meter rules, Ofgem warns February 21, 2023 Energy firms could be fined if they are found to have broken the rules around forced prepayment meter installations, Ofgem warned.
Energy crisis: Households braced for £500 annual bill hike as falling gas prices miss price cap deadline February 21, 2023 Households face a hefty hike to their energy bills in April, amid warnings the price cap would not fall below the reduced subsidy rate.
BHP profits dive £2.6bn as world’s largest miner falls victim to China’s pandemic restrictions February 21, 2023 BHP has suffered a heavy decline in profits, following pandemic restrictions in China and reduced demand for iron ore.