Lowering energy costs for thousands of businesses by scrapping green levies will form a central part of the government’s new 10-year industrial strategy. The plan, which may slash energy bills by up to 25% for more than 7,000 UK businesses, is set to be unveiled on Monday alongside other measures hoped to boost growth. Prime...
Lucy Hooker Business reporter, BBC News Getty Images Israel’s strikes on Iran, and Iran’s response, caused a shudder on global financial markets on Friday. The price of oil surged in particular, up 7% by mid-afternoon on Friday. That has prompted worries that we could be facing another period of sharply higher energy prices, leading to...
The UK government has pledged a ‘new era of nuclear power’ after promising a major investment in the Sizewell C nuclear power station in Suffolk. Sizewell C is the biggest nuclear programme to take place in a generation. Ros Atkins looks at the reasons behind the government’s significant investment, and how its plan fits into...
Justin Rowlatt Environment Editor BBC It is 1am on 3 June. A near gale force wind is blasting into Scotland. Great weather for the Moray East and West offshore wind farms, you would have thought. The two farms are 13 miles off the north-east coast of Scotland and include some of the biggest wind turbines...
This story was originally published by Grist. Sign up for Grist’s weekly newsletter here. Energy policy analysts are in broad agreement about one consequence of major legislation that Republicans are currently pushing through Congress: It will raise energy prices for the average American household by hundreds of dollars, once all is said and done. That’s...
Did you know that renewable energy is the cheapest form of energy there is? The sun, after all, is FREE for all to use! Wind? It blows without our needing to do a thing at all! You have to admit, “renewable energy” blows, although not quite how they meant. We’ve been lied to for decades...
Lower energy prices mean the amount of money needed to meet a basic standard of living in retirement has fallen, a major report has found. But those wanting a better retirement will need a higher income than ever before, the Pensions and Lifetime Savings Association (PLSA) has said. Each year, the trade body estimates the...
Sweden has quietly had its momentary romance with renewables, as has much of the rest of Europe. In 2018, the World Economic Forum was tooting its own horn about how the Nordic country was hell bent for leather on installing wind turbines to fully achieve one of its ‘renewable’ climate goals by 2030. Formerly humming...
In his first news conference after winning the Canadian elections last month, Prime Minister Mark Carney laid out his incoming government’s plans to tackle a “once-in-a-lifetime crisis” with the United States. U.S. President Donald Trump’s steep tariffs on Canadian goods and repeated threats to annex Canada helped propel Carney’s Liberal Party to victory in the...
The U.S. is headed into what forecasters expect to be one of the hottest summers on record, and millions of people across the country will struggle to pay their power bills as temperatures and energy costs rise. A 2023 national survey found that nearly 1 in 4 Americans were unable to pay their full energy...
Douglas Fraser Business and economy editor, Scotland Getty Images There is concern over the pace of transition for oil and gas workers into the renewables sector The Great Energy Transition is under way, and may come to define this era, but it’s not going smoothly. For the oil and gas sector, a further sign of...
In a significant blow to the government’s clean energy ambitions the Danish energy company Orsted has cancelled plans for a huge windfarm off the coast of East Yorkshire. The Hornsea 4 project would have become one of the biggest offshore wind farms in the world with a potential capacity of 2.4GW – enough to power...
A key thing to understand about liberals is that they don’t actually care about the results of their policies. If they don’t work out as planned, it’s not their fault; it is due to some flaw in implementation, reality itself, or the human beings who (predictably) couldn’t make their utopian plans work. “Real communism hasn’t...
A Devon council has been awarded more than £760,000 of funding to deliver energy efficiency improvements to some of its buildings. North Devon Council said £762,065 from the government’s Public Sector Decarbonisation Scheme would be used to improve Ilfracombe’s Landmark Theatre and the Brynsworthy Environment Centre in Fremington. Improvements funded by the grant would “help...
Mark Poynting & Anthony Reuben BBC Verify PA Energy bills rose by 6% for a typical family in April, following an announcement from the regulator Ofgem. But Labour pledged in its manifesto: “We will save families hundreds of pounds on their bills, not just in the short term, but for good.” It also promised bills...