EDF Energy, a subsidiary of France’s state-owned EDF (EDF.PA), announced on Thursday that it would extend the operational lifespan of its Hartlepool and Heysham 1 nuclear power plants in the
Energy providers prepare for Jeremy Hunt to extend bill support
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
The oil and gas sector in the UK has raised concerns that the imposition of windfall taxes is discouraging investment in the industry
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
UK Energy bills to rise by £500 under Ofgem price cap
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
Energy bills to rise £500 from Easter, despite falling gas prices
Despite falling gas prices and warmer weather, households will likely have to pay £500 more for energy starting in April.
Natural gas is set to record its third weekly gain this year
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 announced a investigation in British Gas
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.
Breaking: Household energy bills to be 13pc lower by the summer
In July, household energy bills are predicted to decrease by 13%, as the price cap is projected to reduce to £2,165 per annum.
Levies are pushing up the cost of renewable projects by up to 50pc
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.
UK flagship nuclear plant Hinkley Point C is scrambles to avoid cash crunch
EDF, the builder of the UK’s new nuclear power station, Hinkley Point C, is scrambling to prevent a cash crunch amid concerns that its Chinese partner, China General Nuclear (CGN),
EDF reported a record annual loss and massive debt in wake of Ukraine war
EDF, the French state-controlled energy firm, announced a record annual loss and significant debt, caused by the consequences of the Ukraine conflict and the shutdown of various nuclear reactors.
China Plans For A UK Super Embassy In London
China purchased a huge 700,000-square-foot property worth £255 million in 2018. The former location of London’s Royal Mint is now a 70,000 sq. ft.