All the updated news related to energy and industrial strategy committee

All the news related to energy and industrial strategy committee updated in real time

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Bulb boss still being paid £250,000 a year despite collapse, MPs told

The boss of bailed-out energy supplier Bulb is still being paid the same £250,000 salary that he was collecting before the business went into administration. Hayden Wood, who set up the company, was asked by administrators to stay on in his role as ...

19 Apr 2022 at 16:25

Millions face fuel poverty, energy bosses warn

As many as four in 10 people in Britain could fall into fuel poverty in October, energy bosses warned as they called for more support from the Treasury for vulnerable households. Scottish Power chief executive Keith Anderson said the Government ...

19 Apr 2022 at 13:25

Failure of energy suppliers will add £2.4bn to bills – Ofgem

The energy suppliers who picked up the pieces when dozens of their rivals collapsed over the last year could be paid £2.4 billion from energy bills, a watchdog said. The charge will be spread across all households in Great Britain, and will ...

23 Mar 2022 at 11:55

City

Competition watchdog ‘must show what it is doing so businesses pay attention’

The competition watchdog needs to explain its decisions better so that businesses know that they could be challenged, its former chairman has said. Lord Andrew Tyrie said that the Competition and Markets Authority (CMA) is getting new ...

26 Apr 2022 at 13:55

Criticising green agenda in light of higher bills is wrong, Ofgem boss says

The boss of Ofgem has hit out at those who claim that the UK cannot keep energy costs down for consumers while fulfilling its climate targets. “Some have argued there is a contradiction between a low carbon and renewable energy ...

08 Mar 2022 at 15:25

City

Watchdog struggles to hire lawyers as salaries soar in private sector

The competition watchdog is struggling to attract qualified staff because of soaring salaries in a booming private sector, its boss has said. Dr Andrea Coscelli said that the Competition and Markets Authority (CMA) needs to ...

01 Feb 2022 at 12:26

‘No indication’ of announcement of measures to combat energy price hikes

The energy minister said he does not know when the Government will announce its plans to mitigate some of the energy price hikes due to hit households in April. Greg Hands told MPs on the Business, Energy and Industrial ...

18 Jan 2022 at 15:25

Ex-magistrate ‘saw 100 applications at a time to force-fit prepayment meters’

A former magistrate has told MPs he was dealing with a spreadsheet of between 50 and 100 applications at a time for energy companies to force-fit prepayment meters in people’s homes. The forced installation of ...

14 Mar 2023 at 13:25

Royal Mail boss to face MPs after statements ‘may not have been wholly correct’

The boss of Royal Mail will be brought back in front of MPs after they accused him of providing information that “may not have been wholly correct.” Chief executive Simon Thompson has been asked to clarify ...

24 Jan 2023 at 15:35

Cameron’s 2013 promise will cost households £170 next year

David Cameron’s promise in 2013 to “cut the green crap” will cost millions of households around £170 each when energy prices spike this spring, a new report has claimed. Analysis from the Energy and ...

24 Jan 2022 at 02:25

Billions could be saved by building a flexible electricity system, MPs told

Britain could be saving around £17 billion every year if it builds a flexible electricity system, MPs have been told. Rachel Fletcher from energy supplier Octopus suggested managing when people use ...

21 Mar 2023 at 13:37

City

Factory worker shortages costing the UK £7bn in lost output, MPs told

Skills shortages in Britain’s manufacturing sector are costing the UK £7 billion in lost economic output as firms struggle to fill vacancies amid a mounting hiring crisis, MPs have been told. In a ...

19 Jul 2022 at 13:52

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2025

Related keywords
avro energy
bulb
business energy and industrial strategy committee
energy crisis
hayden wood
jake brown
politics
russia
ukraine

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