Labour calls for all MPs to vote on one-off windfall tax May 16, 2022 The Labour Party is calling on all MPs to vote in favour of a one-off windfall tax on oil and gas producers as the cost of living crisis continues to bite into Brits’ pockets. The amendment will be proposed tomorrow morning during the Queen’s Speech debate and it follows an analysis published yesterday by the [...]
Shell suffers blow as investor group withholds approval for energy transition plan May 16, 2022 A major investor has announced its intention to abstain on Shell's energy transition plans at the firm's upcoming annual general meeting.
EDF reaches deal with energy specialist to support heat pump roll-out May 16, 2022 Energy giant EDF has teamed up with CB Heating to boost its heat pump offering to customers and train more installers.
Martin Lewis apologises for sweary rant after branding Ofgem changes a “f******g disgrace” May 16, 2022 Martin Lewis has apologised for "losing his rag" during a furious rant to Ofgem over proposed changes to the energy sector.
Ofgem boss: Expect even higher energy bills this winter May 16, 2022 Energy prices will rise again in October, putting more pressure on struggling households, warned Ofgem boss Jonathan Brearley.
Ofgem proposes price cap shake-up which could see energy bills rise four times a year May 16, 2022 Energy users could see their household bills fall faster, with Ofgem one step closer to a major revamp of the consumer price cap.
Road tax ‘fairer and more popular than fuel duty’ May 15, 2022 SMF calls for fuel duty to overhauled, and suggest a levy based on miles driven, which would be 'fairer' and more 'popular'.
Kwarteng pushes for gas to be classified as ‘green investments’ May 15, 2022 Kwasi Kwarteng is looking to classify as natural gas as a 'green investment' in a bid to ramp up North Sea production in line with government aspirations.
Energy watchdog backs carbon storage with licensing round plans May 15, 2022 The UK's fossil fuel watchdog has unveiled plans for licensing rounds to support carbon storage as it aims to reach net zero goals.
Spain and Portugal target price cap for natural gas to combat skyrocketing inflation May 15, 2022 Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal setting up price caps for gas trading.