Industry responds to speculation about Gazprom Energy’s future

Energy-intensive businesses are highly exposed to Gazprom, MPs heard

Michael Fallon an ‘effective and no-nonsense’ Minister

The energy industry has welcomed the newly appointed Energy Minister, referring to him as “effective and no-nonsense” and one who will work towards a green and low carbon economy. Those are some of the views from industry groups following Prime Minister David Cameron’s announcement today of replacing John Hayes with Michael Fallon (pictured) as Energy […]

Energy and climate policies to blame for price hikes

The Government has claimed that energy price hikes are due to increases in global price of gas but its latest report suggests the rise is “almost entirely” due to energy and climate policies. That’s the view of the Energy Intensive Users Group, which notes that the effect of the Government’s climate policies and proposed compensation […]

George Osborne ‘undermined’ future green technologies

The Chancellor has “undermined” the clean energy market by announcing tax breaks for fossil fuels and ignoring green technologies of the future. That’s the view of environmental groups who criticised George Osborne’s announcement yesterday as a “20th century budget for a 21st century economy”. David Nussbaum, Chief Executive of WWF-UK said: “This Chancellor’s budget was […]

Blackout warning shows ‘dash for gas risks’

Ofgem’s warning about the UK potentially facing blackouts in 2015 highlights the “risks” of George Osborne’s proposed dash for gas. That’s the view of environmental group Greenpeace following new analysis from the electricity regulator which predicted the UK could run out of energy generating capacity in the next four years. Earlier this year the Chancellor […]

Are climate change policies on the right track?

ELN reporter Vicky Ellis speaks to industry experts about climate change policies.

Questions remain over Contracts for Difference

Last week’s draft energy bill has possibly left the business sector more questions than answers. The ‘Contracts for Difference’ (CfD), one of the key policies of electricity market reform, has been the most heavily targeted as business says Government is still keeping quiet over the detail. Rhian Kelly, Director for Business Environment at the CBI […]

Shot in the arm for heavy industry

British industry received a welcome shot in the arm today after Chancellor George Osborne announced that the coalition Government would be offering more support to major energy users. Mr Osborne told politicians we would not “save the planet by shutting down our steel mills” and has offered a £250 million fund which will cut climate […]

CRC is basically a tax, says Energy Minister

Energy Minister Charles Hendry admitted that the Department of Energy and Climate Change had in fact made a mistake with the Carbon Reduction Scheme. He said DECC were in the wrong but also wanted to fix the problem: “It is basically a tax and I think it’s wrong to try and suggest otherwise. But I […]

CRC players ‘dumbfounded’ by shock change

The news from yesterday’s Spending Review that revenue from the CRC would go into the government’s coffers rather than be recycled back to participants has sent shockwaves through the UK energy world. Yesterday afternoon at the European Future Energy Forum, industry players were reeling from the news and a presentation on the CRC was rapidly […]