All the updated news related to energy industry

All the news related to energy industry updated in real time

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City

Reduced energy support scheme for businesses to be unveiled

A new scheme to support businesses with their energy bills will be announced later on Monday, but is expected to be significantly cut after Chancellor Jeremy Hunt warned existing spending is “unsustainably expensive”. The package will be announced ...

09 Jan 2023 at 08:06

Petrofac accused of ‘playing Scrooge’ as offshore workers walk out

Workers have started a 24-hour walkout at offshore rigs as a union boss accused the operating company of “revelling in playing Scrooge”. Petrofac workers on Repsol installations in the North Sea started their two-day strike on Thursday, Unite ...

22 Dec 2022 at 15:49

Government showed ‘disregard’ to taxpayer over Covid loans, MPs say

The head of an influential group of MPs has accused the Government of using the speed of its response to the pandemic to excuse a “disregard” to how much it will cost the taxpayer. Meg Hillier said her fellow members on the Public Accounts ...

27 Apr 2022 at 01:25

Price cap could fall below £3,000 from April, Ofgem boss says

The energy price cap might drop below the £3,000 mark as early as April, the boss of Ofgem has said in a prediction that could save the Government billions of pounds. Jonathan Brearley said that it was “possible” that falls in the ...

23 Jan 2023 at 17:25

Shapps demands energy firms halt forced fitting of prepayment meters

The Business Secretary has demanded that energy suppliers stop forcing financially stretched households to switch to prepayment meters. Grant Shapps has also vowed to “name and shame” the worst offenders. He has written to ...

22 Jan 2023 at 07:59

Scottish Power to pay £1.5 million for overcharging customers

Scottish Power is to pay customers £1.5 million in refunds and compensation after it charged them above the price cap during the height of the energy crisis. The energy firm charged 1,699 direct debit customers a higher ...

19 Apr 2024 at 10:19

More than £8 billion of bounce back loans in arrears, new figures show

Businesses are either in arrears or have defaulted on £8.4 billion of Government-backed Covid loans according to new figures released on Monday. New numbers from the Department for Business, Energy & Industrial ...

05 Sept 2022 at 19:07

Bulb sale could be delayed amid new legal challenges from rival energy suppliers

A High Court judge is due to rule on whether to delay the proposed sale of collapsed energy company Bulb to Octopus Energy following new legal challenges from rival suppliers. A hearing on Tuesday was told ...

29 Nov 2022 at 19:20

City

Energy bill support for businesses extended with much less generous promise

The Government has promised to help businesses with their energy bills for another year, but significantly reduced the amount of support they will get. Ministers said that non-domestic customers – which ...

09 Jan 2023 at 21:03

Judge gives green light for proposed sale of Bulb to Octopus

Judge gives green light for proposed sale of Bulb to be able to proceed

A High Court judge has given the green light for the proposed sale of collapsed energy company Bulb to Octopus Energy to proceed, despite new legal challenges from rival suppliers. Mr Justice Zacaroli ...

30 Nov 2022 at 16:56

City

BT to ‘leave no stone unturned’ after upping cost cuts to tackle inflation

The boss of telecoms giant BT has warned over further job cuts and price hikes as the group leaves “no stone unturned” to save an extra £500 million in the face of soaring inflation and energy costs. ...

03 Nov 2022 at 10:56

Government must be ‘forced to act’ to save Grangemouth refinery, union says

Governments must be ‘forced to act’ to save Grangemouth refinery, union says

Union leaders have insisted the Labour Government “must be forced to act” to save Scotland’s only oil refinery. Sharon Graham, the general secretary of the Unite union branded the planned closure of ...

28 Sept 2024 at 18:15

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