Ed Davey claims the Energy Bill will reduce the cost to consumers.

A “clear and cohesive” market design is essential for the Government’s Energy Bill to deliver on cutting carbon emissions, securing energy supply and setting competitive prices. Energy company npower said it would help create a “level playing field” and allow different low carbon technologies to compete. Although it welcomes the proposals, the supplier said the […]

Energy Secretary Ed Davey denied claims that consumer bills will rise under new proposals announced today. Mr Davey introduced the much-delayed Energy Bill at a Parliamentary session and said the Bill would see consumers pay less for energy in the long run. He stressed the new legislation will protect consumers, keep the lights on and […]

Low carbon associations in the UK have welcomed the Government’s proposals for reforming the electricity market in the Energy Bill. The Carbon Capture and Storage Association (CCSA), the Nuclear Industry Association (NIA) and RenewableUK said the Bill provides investment certainty and give confidence to businesses. The groups are urging the Government to work together to […]

Major energy users won’t have to pay for new low carbon schemes in the Energy Bill and will be getting a bumper £250million to counter existing energy costs, the Government revealed today. While the long-overdue Bill trundles into parliament with support for low carbon energy, the Department of Energy and Climate Change has arranged some […]

British oil giant BP has been banned from new contracts in the United States because of its “lack of business integrity”. The US Environment Protection Agency (EPA) announced the temporary suspension yesterday as punishment for the Deepwater Horizon oil well blowout, explosion, oil spill and response. The accident in April 2010 killed 11 people and […]

The lack of consistency and political miscommunication over key energy reforms has “damaged” the UK’s position as an attractive place for renewable energy investment. In its latest quarterly global report ‘Renewable Energy Country Attractiveness Indices’ (CAI), experts at Ernst & Young said the UK has dropped to sixth place, topped by China, Germany and the […]

The UK’s “green” bank has made a £50 million commitment for energy efficiency projects in an effort to help businesses cut energy bills. The Green Investment Bank (GIB), officially opened yesterday, provided the cash to Sustainable Development Capital (SDCL) for its ‘Energy Efficiency Investments Fund’. It will give £5 million from the investment to Kingspan […]

The Government is set to announce energy efficiency as a key part of the Energy Bill today. It will propose the reduction of the UK’s energy demand as part of the Electricity Market Reform (EMR). According to statistics from DECC, a 10% reduction in electricity demand could save around £4 billion by 2030 and cut […]

Abu Dhabi oil firm TAQA today agreed to buy a cluster of North Sea oil and gas fields from British oil giant BP for $1.1billion (£0.7bn). The deal should mean thousands of jobs are safe and follows talks between the Treasury and the industry over tax breaks for North Sea assets. North Sea firms recently […]