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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‘HMRC denied banks access to data that could have prevented Covid loans fraud’

The Government did not provide vital data that banks indicated might have let them prevent billions of pounds of fraudulent Covid loans, MPs have been told. Hannah Bernard, the head of business banking at Barclays, said her bank had asked HM Revenue ...

15 Mar 2022 at 16:25

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 likely ...

23 Mar 2022 at 11:55

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 ...

19 Apr 2022 at 16:25

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 system and the ...

08 Mar 2022 at 15:25

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 powers ...

26 Apr 2022 at 13:55

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 ...

19 Apr 2022 at 13:25

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 Climate Intelligence Unit (ECIU) ...

24 Jan 2022 at 02:25

‘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 Strategy ...

18 Jan 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

City

Business committee opens EV battery supply inquiry after Britishvolt collapses

Parliament’s business committee has launched an inquiry into UK electric vehicle battery production after the collapse of Britishvolt. The Business, Energy and Industrial Strategy Committee said the inquiry will probe the ...

17 Jan 2023 at 20:28

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 electricity and ...

21 Mar 2023 at 13:37

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

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energy and industrial strategy committee
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national audit office
natwest
politics
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