Two more energy providers go into administration due to spiralling gas prices,Two energy providers have gone into administration on Wednesday as the spiralling gas costs are putting companies to the brink. Avro Energy has become the fourth to go bust and…
BP profits surge beating analysts expectations,BP exceeds profit expectations, posting $2.8 billion in Q2 and raising dividend. Find out more about their strong financial performance.
Ofgem warns more gas suppliers will collapse and soaring prices could last for some time,Ofgem chief Jonathan Bearley has warned that soaring gas prices might not be temporary which will effect “well above” hundreds of thousands of customers. In the coming months many more…
‘Big six’ energy firm slashing 500 UK jobs,Energy provder E.ON has announced plan to cut around 500 jobs across its UK operations as part of a long-term transformation plan. The ‘big six’ energy supplier said it was…
Shell to pay £1.7 billion in windfall taxes,Shell will pay out around £1.7 billion in the UK and EU in windfall taxes for the last quarter as they had not paid and UK windfall taxes due to…
Number of zombie companies in energy sector falls 13% in 2022,New research from leading global management consultancy Kearney reveals that the number of zombie companies in the energy industry fell 13% in 2022, dropping from 3.9% in 2021 to 3.4%. This is…
Businesses call on Chancellor to commit to UK-wide hydrogen strategy,Bosses from leading businesses looking to build a green recovery today vowed to invest £1.5bn in hydrogen technologies as they called on Chancellor Rishi…
Prime Minster’s energy plan ‘only scratches surface of what we need for energy security’ union warns,LCCI warns that “Six months is not long enough for businesses to forecast accurately or to give them any sense of stability.”
Households still feeling the squeeze as cost of running a home climbs by £695 per year,Households still feeling the squeeze as cost of running a home climbs by £695 per year due to rising utility bills.
MPs are drawing up plans to ration electricity in worst case scenario if Russia cuts off supplies to EU this winter,MPs are drawing up plans to ration electricity in worst case scenario if Russia cuts off supplies to EU this winter …
