Category Archives: Energy industry

E.ON must pay £14.5m to prepayment customers after billing failures

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Ofgem says nearly 250,000 people will each receive average of £144 in compensation and refunds

The energy regulator has ordered power supplier E.ON Next to pay £14.5m in compensation to nearly 250,000 prepayment customers, after an investigation found “unacceptable” failures to pay credit they had on accounts or final bill payments they were owed.

Ofgem found that the customers were affected over an 18-month period from early 2021 to late last year by an error in E.ON Next’s billing system. About 100,000 of the affected accounts were also in credit.

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Britons warned to expect ‘disappointing’ rise in energy bills in January

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Price cap for Great Britain forecast to rise to £1,736 a year for average dual-fuel bill, according to Cornwall Insights

Britons have been warned to expect a “disappointing” rise in energy bills in January, adding pressure to household finances, despite earlier hopes that prices may ease early next year.

The price cap for Great Britain is forecast to rise to £1,736 a year for the average dual-fuel bill, according to Cornwall Insights, a well-respected energy consultancy. This is a rise of 1% from the current price cap, which increased last month to £1,717 a year for a typical consumer.

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Subsea cables to help Britain meet green energy goal get green light

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Ofgem gives green light to five interconnectors capable of powering millions of homes

Projects to lay five subsea power cables capable of powering millions of homes have been given the green light as Great Britain prepares to use its giant offshore windfarms to become a net exporter of green electricity in the 2030s.

The energy regulator, Ofgem, has approved three subsea cable projects linking Great Britain to power grids in Germany, Ireland and Northern Ireland to help share renewable electricity across borders.

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Britain’s green energy pledge ‘credible’ if planning fixed, says system operator

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State-owned Neso says Britain could be net exporter of green electricity by end of decade at no extra cost

A plan to create a clean electricity system by 2030 promised by Labour before the election is “immensely challenging” but still “credible” if ministers take urgent action to fix Britain’s sluggish planning system, the energy system operator has said.

Britain could become a net exporter of green electricity by the end of the decade at no extra costs to the energy system under the plans and bills may even fall if ministers make the right policy changes, according to the operator.

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Trump donor fined for pollution leads a fight to end methane emission penalties

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Detailed plans from 30 oil and gas producers come amid historic levels of potent planet-heating emissions

A powerful US oil and gas industry lobby group has drawn up detailed plans to kill off penalties for emitting methane, a potent planet-heating gas that’s increasing at the fastest rate in decades, with this effort led by a major donor to Donald Trump whose company has just been fined for methane pollution.

Leaked internal documents from the American Exploration & Production Council (AXPC), a group of 30 oil and gas producers, outline a push to repeal a fee levied on methane emissions should the former US president win this week’s election and Republicans gain control of Congress.

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Abandoning Bass Strait oil and gas structures would breach international law, expert warns

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Australia must insist on full removal when ExxonMobil decommissions offshore project, Wilderness Society says

An international law expert has warned that abandoning oil and gas infrastructure in Bass Strait would breach Australia’s obligations under international law, if ExxonMobil pursues this plan in decommissioning its Gippsland offshore project.

Prof Donald Rothwell, who specialises in international law at the Australian National University, said Bass Strait was used for international navigation and had special status under the UN convention on the law of the sea and related International Maritime Organisation guidelines.

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Brexit has put £370m a year on price of power from EU since 2021, experts say

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Trade body Energy UK also estimates total energy cost of leaving bloc could reach £10bn by end of decade

Brexit has added up to £370m a year to the price of power supplies from Europe, according to industry representatives who calculate that the total energy costs of leaving the EU could amount to £10bn by the end of the decade.

Energy UK, the sector’s trade body, has called on Keir Starmer to negotiate a closer trading relationship with the bloc as part of the “reset” he is seeking with Brussels.

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Biodiversity declining even faster in ‘protected’ areas, scientists warn Cop16

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Just designating key areas will not meet 30x30 target on nature loss, study says, pointing to oil drilling in parks

Biodiversity is declining more quickly within key protected areas than outside them, according to research that scientists say is a “wake-up call” to global leaders discussing how to stop nature loss at the UN’s Cop16 talks in Colombia.

Protecting 30% of land and water for nature by 2030 was one of the key targets settled on by world leaders in a landmark 2022 agreement to save nature – and this month leaders are gathering again at a summit in the Colombian city of Cali to measure progress and negotiate new agreements to stop biodiversity loss.

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Great British Energy can become a major power generator, says its chair

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Jürgen Maier’s vision for company includes the potential to borrow its own money in order to rival multinationals

Britain’s new national energy company will eventually become a major power generator, running its own windfarms, tidal power and carbon capture schemes and potentially borrowing its own money, according to its new chair.

Jürgen Maier, the chair of Great British Energy (GBE), told the Guardian in an interview that his vision for the company far outstrips its current scope and would put it on a par with multinational firms such as Denmark’s Ørsted or Sweden’s Vattenfall.

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UK ‘risks repeat of surging energy bills’ amid continued reliance on gas

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Energy crisis panel warns country is ‘dangerously unprepared’ and must shift away from gas quickly

Britain is at risk of experiencing a repeat of the sharp increase in energy costs which has fuelled the continuing cost of living crisis because it relies too heavily on gas, according to an expert panel of industry leaders.

The Energy Crisis Commission has warned that the UK is still “dangerously underprepared” for another crisis because it continues to rely on gas for its power plants and home heating.

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Russia’s shadow fleet of oil tankers grows despite western sanctions

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Poorly maintained and uninsured vessels transporting up to 70% of country’s seaborne oil, says report

Russia’s shadow fleet of oil tankers is expanding, according to research, transporting up to 70% of the country’s seaborne oil despite western efforts to curb Moscow’s wartime energy revenues.

The volume of Russian oil being transported by poorly maintained and underinsured tankers has almost doubled in a year to 4.1m barrels a day by June, according to a report published on Monday by the Kyiv School of Economics (KSE).

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Green energy firms promise more than £24bn of new investment in Britain

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Industry bosses to meet prime minister before government’s international investment summit next week

The leaders of the world’s biggest green energy companies have promised more than £24bn of new private investment across Great Britain ahead of a meeting with the prime minister on Friday.

Keir Starmer is expected to meet the green energy bosses on the sidelines of the first Council of Nations and Regions in Edinburgh to discuss the multibillion-pound projects just days before the government’s international investment summit next week.

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China to head green energy boom with 60% of new projects in next six years

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IEA says faster clean energy rollout being led by solar power in China with country set to boast half of world’s renewables by 2030

China is expected to account for almost 60% of all renewable energy capacity installed worldwide between now and 2030, according to the International Energy Agency.

The IEA’s highly influential renewable energy report found that over the next six years renewable energy projects will roll out at three times the pace of the previous six years, led by the clean energy programmes of China and India.

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Winter blackouts risk in Great Britain ‘lowest in four years’ despite end of coal

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Energy system operator expects winter power supplies to outstrip demand by almost 9% this year

The risk of winter blackouts in Great Britain has tumbled to its lowest in four years even after the shutdown of the UK’s last coal plant, thanks to investments in low-carbon electricity sources.

The National Energy System Operator (Neso) expects Britain’s winter power supplies to outstrip demand by almost 9% this year in its base case scenario, the greatest margin since the winter of 2019 to 2020.

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UK’s £22bn carbon capture pledge follows surge in lobbying by fossil fuel industry, records show

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Scope of oil and gas influence underscores concerns technology will prolong demand for planet-heating natural gas

The UK government’s move to award £22bn in subsidies to carbon capture projects followed a sharp increase in lobbying by the fossil fuel industry, it can be revealed.

Oil and gas giants such as Equinor, BP, and ExxonMobil attended 24 of 44 external ministerial meetings to discuss carbon capture and storage (CCS) in 2023, according to official transparency records.

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Labour to commit almost £22bn to fund carbon capture and storage projects

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Investment will fund two CCS clusters – but environmental campaigners have criticised plans

Rachel Reeves is paving the way for a multibillion-pound increase in public-sector investment at the budget after the government announced plans to commit almost £22bn over 25 years to fund carbon capture and storage projects.

In what is expected to be one of the biggest green spending promises of the parliament, the chancellor, prime minister and the energy secretary, Ed Miliband, will unveil the details on a visit to the Liverpool city region on Friday declaring a “new era” for clean energy jobs.

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Biden says US ‘discussing’ possible Israeli plans to attack Iran’s oil industry

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President’s off-the-cuff remark outside White House over possible retaliation triggers global oil price rise

Joe Biden has said that his administration has been “discussing” possible Israeli plans to attack Iran’s oil industry in retaliation for the Iranian ballistic missile attack on Tuesday.

Biden’s off-the-cuff remark did not make clear whether his administration was holding internal discussions or talking directly to Israel, nor did he clarify what his attitude was to such an attack.

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Sellafield ordered to pay nearly £400,000 over cybersecurity failings

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Nuclear waste dump in Cumbria pleaded guilty to leaving data that could threaten national security exposed for four years, says regulator

Sellafield will have to pay almost £400,000 after it pleaded guilty to criminal charges over years of cybersecurity failings at Britain’s most hazardous nuclear site.

The vast nuclear waste dump in Cumbria left information that could threaten national security exposed for four years, according to the industry regulator, which brought the charges. It was also found that 75% of its computer servers were vulnerable to cyber-attack.

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Martin Lewis says energy price cap is a ‘pants cap’

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Consumer champion urges consumers to head to a price comparison website to find a cheaper deal

The consumer champion Martin Lewis has said that the energy price cap should be called the energy “pants cap” because there are much cheaper energy deals available.

The cap is adjusted every quarter by Ofgem, the energy regulator for Great Britain, and imposes a maximum on how much suppliers can charge customers for each unit of gas and electricity. On Tuesday it increased by nearly £150 to the equivalent of £1,717 a year for an average dual-fuel household paying by direct debit.

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The deep history of British coal – from the Romans to the Ratcliffe shutdown

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With the last coal-fired plant closing today, we chart the rise and fall of the once-indispensable fuel which powered modern Britain

Britain’s transition to a low-carbon future has reached a milestone with the closure of its last remaining coal-fired power plant at Ratcliffe-on-Soar in Nottinghamshire.

The shutdown of the 57-year-old power plant on Monday ends more than 140 years of coal power generation in the UK – an industrial story closely interwoven with Britain’s socioeconomic and political history.

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