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

UK to introduce ‘pump watch’ scheme to protect drivers

The government plans to implement a scheme, compelling retailers to share petrol and diesel prices online, aiming to prevent drivers from being overcharged

Ofgem cracks down on overcharging of business customers

Ofgem plans to unveil findings of non-domestic market review this summer

UK splashes £40bn on household energy bills

UK power subsidies reached a record-breaking £39.3 billion between October 2022 and March 2023, according to government data

Gulf states eye British nuclear power investment

The Energy Security Secretary has suggested that countries such as the UAE and Bahrain are interested in investing in Britain’s plans to construct new nuclear power stations

UK offshore wind to be recognised as critical national infrastructure

According to the new Net Zero Growth Plan, the measure introduced is set to accelerate the planning and consenting process for new offshore wind projects

UK response to US and EU green strategies delayed until autumn

Chancellor Jeremy Hunt has said the delay will allow the UK to evaluate the EU’s response

‘Diesel charged at nine times the price at pump’

Despite the wholesale price gap between petrol and diesel now just at 1.5p, if you’re filling up a diesel vehicle at the pump you’ll be paying 20p, new data has shown

Will the government launch its revised Net Zero plan in Aberdeen?

Concerns have been raised by campaigners that the long-awaited strategy may favour the fossil fuel industry, as it reportedly includes measures such as offshore drilling plans

UK Energy Secretary hints at splitting electricity and gas prices

Grant Shapps has unveiled plans to eliminate “distortions” in the energy market, a move that could result in a £100 reduction in electricity bills