Shell weighs up £25bn UK spending pledge after Hunt toughens windfall tax November 21, 2022 Shell has warned it could ditch its pledge to invest £25bn in the UK’s energy sector, after the windfall tax was toughened up last week.
Free market think tanks back solar projects as Government considers clampdown November 21, 2022 Two of the UK's leading free market think tanks have raised concerns over the potential tightening of solar power planning rules.
Exclusive: Reform stamp duty to boost energy efficiency, urges Kingfisher November 21, 2022 The Government should reform stamp duty to boost the energy efficiency, argued Kingfisher, the owner of brands such as Screwfix and B&Q.
Scottish Power boss hammers huge levy on electricity generators November 17, 2022 One of the leading figures in the energy industry has slammed the Government’s decision to impose a 45 per cent tax on electricity generators. Keith Anderson, chief executive of Scottish Power, warned the new Electricity Generator Levy will create a “five-year long corridor of uncertainty for investors” which risks undermining the UK’s green ambitions. He [...]
Cost of bailing out failed firm Bulb Energy balloons to £6.5bn November 17, 2022 Bulb Energy's inglorious year-long stint in special administration has cost £6.5bn, according to the latest reports from the OBR.
Hunt hits renewables with levy and boosts windfall tax in £30bn-plus tax hike November 17, 2022 Hunt has announced a £14bn tax grab on domestic energy producers, bringing renewables into the toughened regime for the first time.
North Sea oil and gas production will be hit by hiked windfall tax, says Investec November 16, 2022 The UK jeopardises future North Sea oil and gas production, if the windfall tax is toughened up tomorrow, argued Investec.
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
Windfall tax hike risks no new investment in North Sea, warns analyst November 14, 2022 The UK risks no new investment in the North Sea oil and gas sector, if the Government toughens up the windfall tax, warns Stifel.
SMEs fear ‘cliff-edge’ energy bills in April, warns British Chamber of Commerce November 13, 2022 Nearly half of SMEs fear they will not be able to pay their energy bills once the Government’s support package ends next March, warns BCC.