All the updated news related to energy uk

All the news related to energy uk updated in real time

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Jacob Rees-Mogg warns against raiding ‘honey pot’ with oil and gas windfall tax

Jacob Rees-Mogg argued it is wrong to raid the “honey pot of business” to fund measures to ease the cost-of-living crisis by imposing a windfall tax on oil and gas giants. The Brexit opportunities minister argued that the one-off measure on the ...

20 May 2022 at 14:28

No imminent plans to slash energy bills, Downing Street says

Downing Street has suggested that there are not any imminent plans to help keep energy prices down for customers, as households face a potentially crippling price rise in less than three months. The comments came as ministers met with ...

05 Jan 2022 at 18:55

Do not repeat past mistakes by banning cheap solar power, Energy UK boss warns

The chief executive of the energy trade body has called on the Government to proceed “carefully” when putting a cap on how much revenue wind farms can make to avoid repeating past mistakes which put off investment in the UK. Energy ...

13 Oct 2022 at 12:37

New oil and gas exploration good for environment, insists climate minister

A new licensing round for oil and gas exploration in the North Sea will be “good for the environment”, climate minister Graham Stuart has said. The North Sea Transition Authority (NSTA) will begin the 33rd round of offshore ...

07 Oct 2022 at 16:25

Move wind farms on to new contracts and save households £18bn, say trade bodies

Move wind farms on to new contracts and save households £18bn, says Energy UK

Two energy industry trade bodies have backed a plan to ensure that older wind and solar farms return some of the massive windfalls they are getting amid hugely inflated electricity prices. Energy UK said households across ...

01 Sept 2022 at 18:54

12 million households now spending more than 10% of income on energy bills

Around 12 million households or about 40% of customers are now spending more than 10% of their income on energy bills – the previous definition of fuel poverty, MPs have heard. Emma Pinchbeck, the chief executive of ...

31 Jan 2023 at 11:26

Scotland

North Sea oil and gas to ‘effectively end’ in next 20 years – minister

North Sea oil and gas production will “effectively end” in the next 20 years, a minister has said as he opened a consultation on whether there should be a presumption against new drilling. Michael Matheson said ...

10 Jan 2023 at 18:01

Scotland

Chancellor highlights energy security in meeting with oil and gas leaders

Jeremy Hunt has stressed the importance of energy security as he met with oil and gas company leaders in Edinburgh. The Chancellor was in the Scottish capital as he unveiled a series of reforms aimed at ...

09 Dec 2022 at 17:52

Why are wind farms making massive profits because gas prices have soared?

Some wind and solar farms are benefiting from sky-high electricity prices, which are driven by the record price of gas. Because much of the UK’s electricity comes from gas-burning power plants, British ...

01 Sept 2022 at 17:54

Russian ‘spy’ ship gathered intelligence around Scots wind farms – report

A Russian “spy” ship stopped at sites around wind farms in the North Sea – including off the Scottish coast – in order to gather intelligence, an investigation by European broadcasters claims. A joint ...

19 Apr 2023 at 20:44

Do not let windfall tax run beyond 2025, energy chiefs tell PM candidates

An oil and gas body has urged the candidates in the running to become prime minister to scrap the windfall tax on profits as soon as possible. In open letters to both candidates, Offshore Energies UK ...

12 Aug 2022 at 01:01

Scotland

Industry body says offshore fields can support 40% of UK’s gas consumption

The UK’s offshore fields can support around 40% of the country’s gas consumption and two-thirds of its oil consumption over the next two years, the industry body has said. Offshore Energies UK, ...

28 Mar 2022 at 01:25

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