Energy giant Shell is expected to take a staggering $2.4billion (£1.9billion) hit after getting slapped with a tax on its excess profits by the EU and UK. It also marks the first time in five years that the oil major paid tax in
The UK hit a major energy milestone in 2022 as windfarms produced a record amount of the country’s electricity, according to National Grid. Wind-powered electricity made up 26.8 percent of electricity generation in 2022, up from 21.9 percent the year before, figures
Adam Scorer calls for ‘targeted financial support’ on energy bills Energy bills for households could be £500 lower than expected in the coming months thanks to plummeting gas prices, which could bring relief to millions of households across the country. Analysts at
The Government is being threatened with legal action over a “bizarre” levy that will be slapped on the profits of renewable energy firms. Community Windpower, an onshore wind developer, is attempting to sue the Government in the hopes of blocking the Electricity
Chancellor Jeremy Hunt is set to slash the Government’s energy support package for businesses, halving the £40billion-worth of state support currently being provided to help firms cope with surging energy bills. According to Steven Swinford, Political Editor of The Times, Mr Hunt
Shoppers queued “for hours” and shoved children out of the way to get their hands on bottles of a £1.99 energy drink launched by YouTubers KSI and Logan Paul. Photographs showed shoppers waiting outside Aldis across the country today in the hope of
A number of firms are confident that hydrogen, a low-carbon alternative to fossil fuels, could be a “dream fuel” that may one-day power large swathes of the British economy as the nation scrambles to ramp up its renewable energy capacity. Hydrogen has been
The United Kingdom wraps up an historic year in which it saw the changing of its monarch for the first time in 70 years while switching prime minister three times in three months, all of which has left the country in an
The UK is set for a major energy boost, as Scotland’s green hydrogen plans are set to be worth £25billion a year in exports alone by 2045. As the UK looks for ways to reach its legally binding commitment of net zero
In a new Government ad campaign, households have been urged to slash their energy bills in 30 seconds by making simple changes around the house. Over the past year, Britons have faced the worst impacts of a fossil fuel energy crisis, as