Winter temperatures ‘could cost households an additional £12.9bn’

A new report suggests colder weather could see each household spend an average £448 more on energy and warmer clothing this winter compared with the spring-summer period

Tree planting
UK government ‘spends less than £1 per person per year on tree planting’

That’s the claim from Friends of the Earth, which says spending on planting and management in the UK has been in overall decline for several decades

EDF’s flagship French nuclear project goes €1.5bn over budget

Only last month the French energy giant said the cost of building the Hinkley Point C nuclear power plant could increase by up to £2.9bn

IEA: Bolder decisions needed for sustainable energy system

The International Energy Agency says global energy investment is falling short of what would be needed to meet continued robust growth in the world’s energy demand

Green spending
UK Government spent £14.7bn on green protections in 2017

The Office for National Statistics suggests this accounted for around 1.8% of total government expenditure over the year

Pound coins
Energy price cap ‘could see £1.67 billion added to UK bills on the 1st of April’

uSwitch believes this could happen if suppliers increase their rates to match the level of the cap

Pylon
National Grid recommends £59.8m investment for 2019/2020 period

It says this would allow it to maintain the option to deliver projects costing almost £5.4 billion

Largest oil and gas projects to spend $37bn before 2025

These projects are expected to produce 2.6 billion barrels of oil

UK ‘spent double on overseas fossil fuels than renewables’

UK foreign aid for fossil fuels was double the amount spent on overseas renewable energy between 2010 and 2014. That’s according to the Catholic Agency For Overseas Development (CAFOD), which says out of the money spent on improving energy systems in developing countries, 46% went into areas such as coal, gas and oil compared to […]

Ofgem confirms £185m National Grid spending cut

Ofgem has confirmed it will reduce National Grid’s spending allowance for running the electricity grid and gas main. It follows a mid-period review of the 2013-2021 energy transmission price controls and the regulator’s plans to cut spending by £185 million last year. The changes in allowances mean a £168.8 million reduction for the high pressure […]