Current± caught up with the energy sector, to find out their reactions to the recent increase in support funded by a windfall tax of oil and gas companies.
Chancellor Rishi Sunak has announced a windfall tax of 25% on oil and gas companies in the UK, alongside further measures to support consumers amid record high power prices.
SSE has outlined how what it described as its balanced portfolio of electricity assets, infrastructure and integrated business mix have helped it post a “strong performance” during market volatility.
The price cap in October could jump to £2,800, Ofgem CEO Jonathan Brearley has told MPs.
RenewableUK has appointed four members to its board from companies including GE, National Grid and ScottishPower.
Juliet Davenport is to focus on the continued expansion of her portfolio career in the energy industry as she announces her intention to not stand for reelection at this year’s Annual General Meeting.
Locational pricing could save £30 billion by 2035, according to a new study from the Energy Systems Catapult (ESC), commissioned by Octopus Energy.
Ofgem has launched a consultation into whether the default tariff price cap should be set every three months, instead of every six.
EDF has made a strategic investment and partnership with heat pump installer CB Heating in what it said is the first step towards its long-term heat decarbonisation strategy.