Spring Budget: Businesses call for VAT cut on EV charging

FairCharge, Auto Trader and E.ON lead a call for government to reduce VAT on public EV charging, citing unfairness and the need to boost adoption

New energy crisis looms amid Red Sea attacks

Experts have expressed concerns that ongoing attacks on shipping in the Red Sea could further shrink the UK economy and lead to another energy crisis

Fuel prices drive drop in UK inflation

The Office for National Statistics has reported that the UK inflation rate has decreased to 3.9% in the year to November, surpassing expectations and marking the lowest point in over two years

New exemption introduced for Electricity Generator Levy

The exemption, ensures receipts from new investments in electricity generating stations are not subject to the EGL

UK allocates £960m to support clean energy manufacturing

The investment aims to expand UK clean energy supply chains, including carbon capture, electricity networks, hydrogen, nuclear and offshore wind

Homes near new pylons to receive £1,000 energy bill discount

Under proposed government plans, households in close proximity to new pylons and substations could receive a £1,000 annual reduction in their energy bills for ten years

UK carbon price decline raises concerns

The UK’s declining and volatile carbon prices have raised concerns about their impact on clean energy investment, lost Treasury revenue and potential carbon taxes

Renewables industry urges government action to sustain global leadership

Scottish Renewables has called for urgent government action to bolster investor confidence and address sector-specific priorities, including offshore wind and hydropower

MPs urge winter energy bill help for households

MPs are urging the government, Ofgem and energy suppliers to take immediate action to assist vulnerable households in the face of an impending winter energy crisis

Chancellor rejects ‘subsidy bowl’ – pledges smart investment

Chancellor Jeremy Hunt has rejected the Biden-style subsidy-driven economic policy, emphasising a pragmatic approach with focused green technology investments