Political infighting ‘damaged’ UK’s investment attractiveness

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 […]

UK’s Green Investment Bank open for business

The UK’s Green Investment Bank (GIB) has officially been declared open as new details of its first investments are announced. Funded with £3 billion of Government money, the GIB is designed to encourage private sector investment in the UK’s transition to a green economy. Speaking in Edinburgh where the new bank is headquartered, Business Secretary […]

British Gas’ price hike a ‘bitter blow’ for consumers

British Gas’ decision to raise its gas and electricity prices is a “bitter blow” for UK consumers. That’s the view of a price comparison site responding to the 6% rise in energy prices announced by British Gas this morning. The changes mean the average bill for domestic British Gas consumers will rise from £1,260 to […]

DECC’s “obsession” with nuclear will lead to dash for gas, warns campaigner

Despite being “rigged” for nuclear, DECC’s energy bill will encourage more investment in gas, delivering a blow to the UK’s climate targets. This was the message from environmentalists Greenpeace who fear the Government has got its draft bill all wrong. Joss Garman, a senior energy campaigner at Greenpeace said: “This whole process has been rigged […]

Davey announces EPS to the despair of green groups

By way of providing certainty to the gas industry, the Government has decided that power plants consented under the new Emission Performance Standard will be guaranteed that level until at least 2045. DECC says the measures will encourage the right amount of investment in “new reliable capacity including gas” in order to secure the UK’s […]