energy crisis

The oil and gas major saw its profits surge in Q4 of 2021 due to high commodity prices. Image: Kent Smith/Shell.

July 28, 2022

Shell’s profits continue to grow amid wider energy crisis

Shell has reported record profits in Q2 2022, as its adjusted earnings hit £9.6 billion ($11.5 billion), up from its previous high of £7.6 billion ($9.1 billion) in Q1.

Centrica's profit hit £3.308 billion due to gas and nuclear. Image: Centrica.

July 28, 2022

Centrica’s profits jump five-fold amid high commodity prices

Centrica’s profits have continued to surge, with its adjusted operating profit increasing more than five-fold over the first six months of 2022 in comparison with the previous year.

July 26, 2022

Ofgem branded ‘incompetent’ as BEIS select committee calls for energy efficiency and reforms

Ofgem has proved “incompetent as the regulatory authority” according to a new report from the Department of Business, Energy and Industrial Strategy (BEIS) select committee.

July 21, 2022

‘Act now to avoid falling into the gap’ warns EAC as it calls for net zero plan

The Economic Affairs Committee (EAC) has called on the government to act now to avoid a disorderly transition to net zero.

The speech was shown at Aurora's Spring Forum in Oxford. Image: Solar Media/Molly Lempriere.

July 15, 2022

Role of gas in setting consumer bills is ‘problem that needs to be addressed,’ says Kwarteng

Consumer bills still being set by marginal gas prices is a “problem that needs to be addressed,” said business and energy secretary Kwasi Kwarteng.

July 6, 2022

‘Biggest reform of our energy system in a decade’: landmark Energy Bill unveiled to parliament

The Energy Bill is set to be introduced to parliament today (6 July) by business and energy secretary Kwasi Kwarteng.

The strategic investment will also help upskill engineers across the country. Image: EDF

July 6, 2022

Households using heat pumps and EVs now saving £1,180 a year compared to fossil fuel alternatives

Households with electric vehicles (EV) and heat pumps are now saving £1,180 compared to those with petrol cars and gas heating.

July 1, 2022

Consumers want long term solutions to energy crisis, finds Stonehaven report

The UK government needs to think beyond the short term to truly tackle the energy crisis, according to a new report from consultancy Stonehaven.

The call from Shapps follows reports of British Gas force fitting prepayment meters. Image: npower.

June 23, 2022

Energy prices take over as biggest concern for businesses amid crisis

Energy prices are now the biggest concern for businesses, according to a new report from npower Business Solutions (nBS).

In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.

June 22, 2022

Default Tariff Cap to hit nearly £3,000 over winter as geopolitical barriers show ‘no sign of abating’

Energy bills could rise to nearly £3,000 over the upcoming winter period, according to Cornwall Insight’s latest prediction.

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