According to the government, Scottish Power, British Gas, and Ovo were accountable for 70% of the compulsory installations.
According to the government, Scottish Power, British Gas, and Ovo were accountable for 70% of the compulsory installations.
Next week, the UK government is expected to offer windfall tax relief to its oil and gas companies. This move aims to boost investments and enhance the country’s energy security,
As part of an effort to curb energy costs, wind farm operators will no longer be allowed to retain excessive profits through a revision of subsidy regulations.
Jeremy Hunt is expected to extend the government’s energy price guarantee at its current level for three more months, preventing household bills from increasing by an average of £500 from
According to the trade body of the UK oil and gas industry, Offshore Energies UK, companies in the sector are reducing their operations in the North Sea and prioritizing investment
Starting from April, Ofgem is reducing the maximum amount energy suppliers can charge consumers by almost £1,000. The regulator has cut the price cap to £3,280 from the current £4,279
Despite falling gas prices and warmer weather, households will likely have to pay £500 more for energy starting in April.
European gas prices have surged for the third consecutive day, as western parts of the region are bracing for icy weather next week.
Ofgem has initiated a broad, unbiased, and comprehensive evaluation of British Gas following the disclosure of its subcontractors’ unlawful entry into households to install prepayment meters.
In July, household energy bills are predicted to decrease by 13%, as the price cap is projected to reduce to £2,165 per annum.
Industry leaders are cautioning that windfall taxes are driving up the expenses of green energy projects by up to 50%, causing international investors to become apprehensive about a profit raid.