SSE reports 29% shortfall in renewable output due to weather

The electricity output shortfall from renewable sources, totalling 624GWh, has been attributed mainly to adverse dry and still weather conditions

E.ON smashes earnings target

The energy company plans to expand its investment programme to €33 billion

Delay at Scotland’s largest offshore wind farm cost SSE £57m

The £3bn Seagreen is expected to become fully complete in the summer of next year

Shell vows to give staff bonus following bumper profits

The eligible employees will receive a bonus equal to 8% of their annual salary

Centrica’s profits soar five-fold

Profits of Britain’s largest energy supplier increased to £1.34 billion

Drax half-year profit soars

Drax’s adjusted EBITDA was £225 million, up 21% from £186 million last year

Gazprom ‘will not pay dividends this year’

It’s been 24 years since the last time the energy giant took a similar step

Eni has not opened rouble account to pay for Russian gas

The energy giant has confirmed it will honour contract terms and the guidelines given by European authorities

Shell reports a 14-fold increase in profits

Shell’s boss hailed 2021 as a momentous year while MPs called for a windfall tax on oil and gas producers

Utilitywise shares trading suspended amid results delay

Trading of shares in independent energy consultancy Utilitywise has been temporarily suspended this week. The news comes after the firm confirmed a delay in the publication of its financial results amid an ongoing review of its contracts. Under market rules, the Alternative Investment Market (AIM)-listed company had to post its results by today to allow […]