The National Grid reports that Great Britain produced a record amount of wind-powered electricity in 2022. The second highest amount of electricity generated after 2020 came from renewable and nuclear power sources rather than gas and coal from fossil fuels. One fundamental strategy for dealing with the effects of climate change is to use green […]
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As the wholesale gas prices decrease, energy costs are estimated to fall below 2,500 pounds by July 2023, easing some of the burden placed on Britons attempting to cope with the crisis caused by the rising cost of living. According to Investec’s analysis, the average annual energy bill will fall to 2,478 pounds this summer, […]
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An industry survey found that nearly two-thirds of British manufacturers are concerned about winter blackouts as a result of the energy crisis. Additionally, concerns are growing about the government’s plans to reduce financial support for businesses. The trade group Make UK stated that the impact of sky-high energy costs on manufacturers showed no sign of […]
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After a warning that the current level of support was too expensive, the government will reduce its assistance to businesses with their energy bills. Instead of cost caps like they are under the current plan, businesses will receive a discount on wholesale prices under the new plan. Industries that use a lot of energy, like […]
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After raking in substantial profits all over the world last year, Shell announced that they would be paying tax in the UK for the first time since 2017. In the final three months of the year, the energy company said it expected to lose about 2 billion dollars on profits in the UK and the […]
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Four Nigerian farmers and their communities will receive 16 million dollars in compensation from Shell for allegedly polluting the environment through oil pipeline leaks. The oil company and Friends of the Earth, a campaign group, reached an agreement on the amount. A joint statement states that it is being given without any admission of responsibility. […]
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As part of a project to encourage investment in the UK’s nuclear power sector, energy and climate minister Graham Stuart has announced $89.4 million in funding for a Nuclear Fuel Fund. The funding will be used to boost the UK’s energy security and encourage the development of alternatives to the Russian fuel supply, according to […]
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Despite the industry warnings that the reforms could stifle investment in wind and solar farms, European Union energy commissioner Kadri Simson stated that Brussels plans to overhaul the bloc’s electricity market to prioritize cheaper renewable power. According to Kadri Simson, the European Commission is working under extraordinary conditions and delivering faster than the European Commission […]
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In an effort to reduce expenses and carbon emissions, Deloitte is lowering temperatures in its UK offices. To cut down on energy use, the thermostat is being lowered by 2 degrees at 22 locations, some of which were also temporarily closed over Christmas. The plans, which are anticipated to result in savings of approximately 75,000 […]
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ExxonMobil, the largest energy company in the United States, is suing the European Union (EU) to get it to drop its new windfall tax on oil companies. The companies that benefited from something for which they were not responsible are subject to a windfall tax. As a result of Russia’s invasion of Ukraine, energy companies […]
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