Why the windfall tax is here to stay after today’s bombshell oil and gas announcements July 31, 2023 The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.
Uniper upgrades outlook and considers state aid repayments after bailout July 26, 2023 Bailed-out Uniper expects billions of euros in profits in 2023 as a result of more favourable than expected gas price developments.
Moneysupermarket expects no ‘significant’ energy switching this year July 24, 2023 Moneysupermarket has said that it does not expect customers to start switching energy suppliers in any “significant” numbers this year.
Macquarie’s role in UK gas network should ‘concern’ government, MP warns July 24, 2023 Macquarie’s growing role in the country’s gas network has raised the concerns of the chair of an influential Westminster committee.
Outfox the Market fined £1.8m as Ofgem scrutinises suppliers’ finances July 23, 2023 Outfox The Market will pay a hefty £1.8m for failing to provide financial data to Ofgem, which is scrutinising the economic stability of suppliers.
British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
G20 fails to reach deal for slashing fossil fuels and ramping up renewables July 23, 2023 The G20 failed on Saturday to reach consensus on phasing down fossil fuels, following objections by some producer nations.
Ovo: Shareholders for UK’s fourth biggest energy firm invest further £200m as profits slump July 21, 2023 Ovo shareholders have poured an extra £200m into the owner of the UK’s fourth-largest energy supplier.
PayPoint hits back at competition lawsuit as legal showdown looms July 20, 2023 PayPoint has hit back at accusations it entered into anti-competitive agreements with energy suppliers in the prepayment market.
PayPoint faces multi-million pound lawsuit over alleged anti-competitive conduct July 18, 2023 PayPoint faces a multi-million pound lawsuit from a social enterprise, which has accused the payment services business of anti-competitive conduct.