UK unveils scheme to slash energy costs for key sectors

The UK Government has unveiled the British Industry Supercharger, aimed at reducing energy costs for key industries like steel and chemicals

Minister calls for urgent energy market overhaul

Wales’ social justice minister, Jane Hutt, has called for reforms in the energy market, citing concerns over soaring costs and inequalities, pressing for the introduction of a social tariff to assist low income households

‘Ofgem’s electricity costs outpace most government bodies’

New research reveals that the energy regulator paid significantly higher electricity prices than most government bodies last year

Storm Ciaran leaves power outages in its wake

Power outages have been reported across the UK in the aftermath of Storm Ciaran, affecting numerous regions and prompting extensive efforts to restore electricity

Wholesale gas prices hit mid-February high

UK wholesale gas prices have hit their highest point since mid-February, with costs rising to nearly 135p per therm, prompting concerns about the impact on household bills

British Steel considering cutting hundreds of jobs due to rising energy costs

Up to 800 jobs could reportedly be cut by the steel manufacturer in a drive to minimise business costs amid the energy crisis

‘UK’s first’ hospital powered by its own solar farm

Morriston Hospital was powered 100% by its solar farm for 50 hours without the need for backup from the grid

Britons hit by the ‘world’s third highest’ electricity price increase

Since 2016, there has been a 35% increase in the average unit price of electricity in the UK, according to a report

Germany readies extension of nuclear power plants’ lifespan

Three nuclear power stations with a combined capacity of 4.3GW could soon be allowed to operate beyond their end date

‘Growing number of business insolvencies reflects the stress they have been put under’

Total company insolvencies in England and Wales in the second quarter reached their highest quarterly level since 2009, official data shows