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Tag: gas crisis
over 1 year ago
cityam.com

UK faces supply crunch as gas and nuclear power plants close, warns Drax as it halts key biomass ...

The UK is facing a significant shortage in power that can be brought online at times of peak demand, warned Drax.

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over 1 year ago
cityam.com

Gas prices slide ahead of spring as banking chaos sparks recession fears

Gas prices have dropped in this afternoon's trading as warmer weather and economic turmoil eased expectations of demand.

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over 1 year ago
cityam.com

Energy bosses urge Hunt to bring in social tariff to support vulnerable households

Energy bosses have called for a social tariff to ease pressure on households facing record bills, with Hunt extending...

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over 1 year ago
cityam.com

Coal for Christmas? National Grid to pursue emergency supplies for next winter

National Grid has been requested by the government to explore the procurement of coal power plants for next winter.

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over 1 year ago
cityam.com

Meter scandal: British Gas were 'aware' of forced pre-payment visits, says Arvato

British Gas was aware of every visit third parties took to people’s homes for forced prepayment installations, confir...

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over 1 year ago
cityam.com

Harbour Energy proposes carbon capture scheme to meet energy ambitions

A proposed carbon capture, storage and transport project in the Humber region could help the UK meet its net zero goa...

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over 1 year ago
cityam.com

Budget exclusive: Hunt weighs up price floor on windfall tax over fears key North Sea project cou...

The government is weighing up plans to bring in a windfall tax price floor amid fears Equinor could pull out of a key...

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over 1 year ago
cityam.com

Big Six energy firms 'asleep' and should be worried, Yu Group chief warns after record profits

The Big Six are “asleep” and should be worried about challengers scooping up their customers, argued the boss of Yu G...

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over 1 year ago
cityam.com

Aramco ramps up fossil fuel spending as oil and gas firms ease off green agenda

Saudi Aramco shows no signs of pivoting to a greener future, and is targeting a further ramp up in oil and gas prices.

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over 1 year ago
cityam.com

Utilita chief calls for ban on 'archaic' prepayment meters

The government should scrap traditional prepayment meters and only allow suppliers to install smart options, says the...

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over 1 year ago
cityam.com

Hunt pledges £20bn for carbon capture and nuclear ramp-up in clean energy push

The government will commit billions of pounds to new energy projects at next week’s budget, in a bid to compete with ...

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over 1 year ago
cityam.com

Harbour Energy's bumper profits wiped out by £1.3bn hit from windfall tax

Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings...

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over 1 year ago
cityam.com

Oil industry pivots to low carbon projects to rake in US green subsidies

The oil industry is positioning itself to take advantage of billions of dollars of US tax credits established through...

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over 1 year ago
cityam.com

Exclusive: Labour's Ed Miliband holds talks with North Sea industry boss as party 'prepares for p...

Ed Miliband has held talks with David Whitehouse, the new chief executive of industry group Offshore Energies UK, Cit...

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over 1 year ago
cityam.com

Offshore energy industry pleads with Hunt for help: Windfall tax ‘rocked investor confidence’ ami...

The UK’s North Sea industry body has urged Jeremy Hunt to create an attractive investment climate to compete with riv...

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over 1 year ago
cityam.com

Pressure rises on government to ramp up insulation of UK homes amid fuel poverty worries

It will take 300 years for the government to meet its end-of-decade energy efficiency targets for British homes, warn...

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over 1 year ago
cityam.com

Shapps warns suppliers they must be ready to pass on cuts in wholesale prices to customers

Suppliers must be ready to pass on cuts in wholesale prices to customers as quickly as possible, Grant Shapps will in...

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over 1 year ago
cityam.com

Gas markets plagued with uncertainty after Russia sanctions, IEA warns

The global gas balance remains fragile this year, with markets riven with uncertainty, warned the International Energ...

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over 1 year ago
cityam.com

BP boss defends oil and gas spending and calls for 'orderly' green transition amid protests

BP boss Bernard Looney has called for an "orderly" transition to the renewable energy, defending the company's oil an...

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over 1 year ago
cityam.com

How decoupling cost of electricity from gas can benefit EV uptake, according to motoring groups

Motoring groups have called on the government to decouple the wholesale price of electricity from gas in a bid to bri...

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over 1 year ago
cityam.com

Pubs: As record number predicted to go bust in 2023 hospitality guru urges gov to lift sector fro...

A record number of pubs, clubs and restaurants could go to the wall this year without more support, warned a leading ...

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about 2 years ago
cityam.com

Gas prices plunge as Germany closes in on storage targets

Gas prices have fallen sharply today amid reports Germany is on course to meet its gas storage targets for October.

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about 2 years ago
cityam.com

Exclusive: Truss ally Rees-Mogg holds talks with energy firms in supply bid

Truss backer Rees-Mogg has been holding urgent talks with oil and gas companies ahead of a looming winter crisis.

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about 2 years ago
cityam.com

Uniper asks Berlin for more help, raising bailout to £16bn

German energy giant Uniper has asked Berlin’s government for additional funding, raising the total bailout sought to ...

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about 2 years ago
cityam.com

Exclusive: Truss holds talks with oil and gas companies in urgent bid for supplies

Liz Truss’ senior team has been holding urgent talks with oil and gas companies as the UK looks to secure supplies to...

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about 2 years ago
cityam.com

Equinor weighs up sale of stake in major oil and gas field

Equinor is considering offloading its 28 per cent stake in Statfjord field, which straddles the Norwegian and British...

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about 2 years ago
cityam.com

Europe faces winters of discontent without gas price cuts, warns Belgium

The EU could suffer a decade of painful winters if nothing is done to reduce natural gas prices, warned Belgium's ene...

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about 2 years ago
cityam.com

EXCLUSIVE: So Energy calls for insulation boost to ease winter crisis

The Government should help households ease demand and drive down soaring bills, says So Energy co-founder Simon Oscroft.

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about 2 years ago
cityam.com

Exclusive: EDF calls for historic intervention to ease soaring energy bills

EDF has called on the Government to ramp up support for households this winter with a four-phased intervention in the...

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about 2 years ago
cityam.com

Nadhim Zahawi tells Brits to cut down their energy use to ease soaring bills

Brits should consider cutting back their energy consumption, suggested Chancellor Nadhim Zahawi following the latest ...

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about 2 years ago
cityam.com

Nine million households face fuel poverty this winter after energy bill hike

The number of people in fuel poverty will nearly double this winter, warned charity National Energy Action.

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about 2 years ago
cityam.com

Price cap in need of urgent reform following energy bill hike

Energy specialist Cornwall Insight has reignited calls for the price cap to be reformed, after the latest hike in hou...

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about 2 years ago
cityam.com

BREAKING: Households set for £3,549 price cap this winter

The energy price cap will rise 80 per cent to £3,549 per year from October, plunging millions of British households i...

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about 2 years ago
cityam.com

Exclusive: EDF calls for historic intervention in energy market to ease soaring bills

EDF has called on the Government to ramp up support for households this winter with a four-phased intervention in the...

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about 2 years ago
cityam.com

Wonks warn against price cap freeze

The Government should offer more targeted support for households rather than freezing the price cap, argued two leadi...

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about 2 years ago
cityam.com

Overhauling planning laws essential to reviving fracking, argues industry body

One of the UK's leading energy bodies has warned that a revival of fracking has to be married with planning reform.

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about 2 years ago
cityam.com

Energy bosses rally around calls for crisis fund to support households

Energy bosses are rallying around Scottish Power's call for a “tariff deficit fund” to ease the pain facing millions ...

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about 2 years ago
cityam.com

National Grid to pay factories for gas cuts in emergency plans to fight winter crisis

The National Grid has drawn up emergency plans to reduce power demand from factories across Britain as the winter cri...

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about 2 years ago
cityam.com

Exclusive: Next winter's energy crisis will be even worse, warns forecaster

Next winter's energy crisis will be even worse than this year, unless the West makes fresh efforts to tame demand.

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