Missiles in Red Sea drive up ocean freight prices

Analysts have raised concerns about disruptions and rising costs for global ocean freight shipping

VAT exemption extended to all battery storage systems

The measure is expected to benefit more than a million UK homes

Did UK ministers skip green energy meeting amid investment worries?

The government’s reported decision to cancel a planned meeting with green energy industry leaders has raised questions

Claire Coutinho takes on role of Energy Security Secretary

Education Minister Claire Coutinho has been appointed Energy Security and Net Zero Secretary, known for past advisory role at the Treasury under Rishi Sunak

Ex-Business and Energy Secretary advised against UK energy sector roles

Former UK Business and Energy Secretary Kwasi Kwarteng, offered an advisory position at Fortescue Metals Group, has been advised against any involvement in the UK energy sector due to potential conflicts

UK reduces King Charles’ funding amid offshore wind profits surge

The Chancellor has announced a 12% reduction in the Sovereign Grant, due to the “unexpected significant increase” in the Crown Estate’s net profits from offshore wind projects

Failure to achieve UK’s net zero could double costs

The UK’s budget watchdog has highlighted the need for decisive action to mitigate reliance on carbon-intensive sources

‘Firms on the verge of experiencing 85% decrease in energy support’

The British Chambers of Commerce has stressed the importance of implementing an energy support contingency plan

A Budget for net zero?

The Chancellor has delivered his fiscal plans – a big nuclear power boost, frozen domestic and business energy bills and cash for CCS

Questions raised over EPG extension to all households

Experts have challenged whether the extra cost of £3 billion would be better spent on other long-term measures