U.K. Wind Energy Hits Record, Bringing Relief to Power Costs
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . U.K. wind farms produced a record amount of energy on Saturday, helping Continue Reading
Britain Toughens Stance on Russia, as Russia Presses NATO for Assurances
British lawmakers will be asked to consider legislation this week that would let ministers impose a wider range of sanctions against Russia should it move against Ukraine , the British Continue Reading
UK Gas Production Could Plunge 75% By 2030
The UK could become much more vulnerable to price shocks and geopolitical events unless new offshore fields are approved and developed—and the UK’s gas production could plummet by 75 percent Continue Reading
Britishvolt receives govt, private funding for UK gigafactory construction
Highlights GBP1.7 billion in private funding from Tritax and abrdn Undisclosed govt funding said to be around GBP100 mil: source UK-based battery maker Britishvolt has received funding from the UK Continue Reading
Betting Omicron has peaked, PM Johnson drops COVID rules in England
LONDON, Jan 19 (Reuters) – British Prime Minister Boris Johnson announced the end of COVID-19 measures including mandatory face masks in England as he looks to live with the virus Continue Reading
U.K. Debuts Hydrogen-Powered Jet Concept That Produces No Emissions
A rendering of the liquid hydrogen powered FlyZero passenger jet concept A U.K.-backed research group unveiled a design for a liquid hydrogen-powered airliner theoretically capable of matching the performance of Continue Reading
U.K. Inflation Surprises With Jump to Highest in 30 Years
The surge in inflation adds pressure on the BOE to rein in price growth. Lizzy Burden reports. Britain’s inflation rate surged unexpectedly to the highest since 1992, sharpening a squeeze Continue Reading
The Worst Is Yet To Come For UK Households As Energy Prices Soar
The increasing ceiling on household power utility bills could throw millions into energy poverty A second update in October could further raise power bills for UK consumers Energy consultancy EnAppSys: Continue Reading
UK Scrambles For Solutions To Energy Crisis
The UK government believes it has until April to find a solution to ease the burden of surging natural gas and energy prices on utilities and households, although no immediate Continue Reading
Warmest Ever London NY Brings Relief to Energy Markets
The temperature in the British capital could rise as high as 15 degrees Celsius (59 degrees Fahrenheit) on Dec. 31. New Year’s Eve is set for record-breaking temperatures in London Continue Reading
Energy Groups Call For Government Intervention As Power Prices Skyrocket
Trade Association Energy UK has criticized chancellor Rishi Sunak for the lack of a clear plan to protect the industry. Market regulator Ofgem announced it will provide £1.83bn to suppliers Continue Reading
New Oil And Gas Projects In UK Need To Pass Net-Zero Test
The UK will still allow the development of new oil and gas oilfields in the North Sea if they pass a so-called net-zero test, the government said on Monday as Continue Reading
UK Gas Prices Break Records As Europe’s Energy Crisis Worsens
UK Gas prices have soared by 520 percent this year. The soaring prices reflect current market conditions across Europe, and follow continued geopolitical uncertainty and rising tensions over the 759-mile Continue Reading
Chinese Wind Turbine Maker Agrees to Build Factories in U.K.
Chinese wind turbine maker Ming Yang Smart Energy Group Ltd. agreed to help build factories in the U.K., which plans to add 40 GW of offshore wind power by 2030. Continue Reading
British surge seen as warning on omicron but responses vary
The U.K. recorded the highest number of confirmed new COVID-19 infections Wednesday since the pandemic began, and England’s chief medical officer warned the situation is likely to get worse as Continue Reading
UK governing Conservatives suffer shock by-election loss
U.K. Prime Minister Boris Johnson’s Conservative Party has suffered a stunning defeat in a parliamentary by-election that was a referendum on his government amid weeks of scandal and soaring COVID-19 Continue Reading
The UK Is Slashing EV Grants Once Again
For the second time this year, the UK is slashing the grants available to buyers of electric vehicles (EVs) as it looks to curb spending and targets less expensive models. Continue Reading
Conservative revolt over COVID curbs deals stinging blow to UK PM Johnson
Almost 100 Conservative lawmakers voted on Tuesday against new coronavirus restrictions, dealing a major blow to British Prime Minister Boris Johnson’s authority and raising questions about his leadership. After a Continue Reading
UK ‘confident’ of gas supply security over winter period: official
Highlights Market responding to high prices, ensuring continued supply UK gas prices currently highest among Europe’s traded hubs UK less reliant on storage to guarantee supply security The UK government Continue Reading
U.K. Inflation Tops 5%, Fastest in a Decade
U.K. inflation surged to its highest level in more than a decade in November, exceeding 5% months before the Bank of England had expected. Increases in the price of clothing, Continue Reading
U.K. Took £12.6 Billion Brexit Hit on Trade in October
U.K. trade in goods took a 12.6 billion pound ($16.7 billion) hit from Brexit in October as imports and exports fell behind equivalent countries. The Center of European Reform said Continue Reading
UK’s Johnson warns of Omicron ‘tidal wave’, says two doses not enough
Britain faces a “tidal wave” of the Omicron variant of coronavirus and two vaccine doses will not be enough to contain it, Prime Minister Boris Johnson warned on Sunday, as Continue Reading
Britain says Omicron accounts for 40% of London infections
Britain said on Monday that the Omicron variant of coronavirus was spreading at a “phenomenal rate” and accounted for about 40% of all infections in London so people should get Continue Reading
UK LNG regasification rates nudging 100 million cu m/d early Dec 10
UK LNG regasification rates came close to moving into three figures Dec. 10 as UK gas demand has continued above seasonal norms on the back of cold temperatures as well Continue Reading
U.K. Economy Barely Grew in October as Shortages Hit Builders
The U.K. economy grew less than forecast in October as shortages of materials hit manufacturing and construction, and a further loss of momentum now seems inevitable with consumers facing fresh Continue Reading
Britain Introduces ‘Plan B’ Covid Measures to Tackle Omicron
Prime Minister Boris Johnson of Britain on Wednesday announced major new restrictions to curb the fast-spreading Omicron variant, reversing course on a long-held policy at a moment of acute political Continue Reading
London Officially Has the World’s Worst Traffic
As global traffic starts to recover from pandemic lockdowns earlier this year, London has emerged as the most congested city in the world. According to transportation analytics firm Inrix Inc. Continue Reading
UK Grim Prospects Over Surging Energy Bills Just Got Worse
UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the Continue Reading
Shell Ditches U.K. Oil Project in Win for Climate Activists
Royal Dutch Shell Plc pulled out of a controversial U.K. oil project, a win for environmentalists as the development of a new North Sea field was left hanging in the Continue Reading
UK Grim Prospects Over Surging Energy Bills Just Got Worse
UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the Continue Reading
UK 7 GW East Coast Hydrogen network could surpass government hydrogen target alone
Highlights Connects 7 GW of hydrogen production by 2030 Links northern UK decarbonization clusters Seen as steppingstone to gas grid conversion The East Coast Hydrogen Consortium in the UK has Continue Reading
Mandate vs. Choice: The Debate Is Heating Up Over Electric Vehicle Policy
U.K. Prime Minister Boris Johnson announced that from 2022, new homes and commercial buildings will be required to install EV charging points. This new regulatory framework has sparked a debate Continue Reading
U.K. Will Release 1.5 Million Barrels From Its Strategic Oil Reserves
The U.K. will make 1.5 million barrels of oil available from its strategic stockpile, making a modest contribution to the U.S.-led coalition of energy consumers seeking to damp down rising Continue Reading
British Gas Swoops In To Save Stranded Customers From Energy Crisis
British Gas has swooped in to supply stranded customers from collapsed energy firms Neon Reef and Social Energy. It will onboard all 35,500 domestic consumers from both companies. This switchover Continue Reading
Energy Crisis Claims Its Biggest Victim In The UK Yet
The energy crisis and soaring wholesale power and natural gas prices claimed its biggest victim so far in the UK when Bulb, a power and gas supplier serving 1.7 million Continue Reading
Johnson Adds Thousands of U.K. Charging Points for EV Boost
Prime Minister Boris Johnson will set out plans for a dramatic expansion of the U.K.’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline Continue Reading
Soaring Energy Prices Drive UK Inflation To 10-Year High
High energy prices drove inflation in the UK to a 10-year high of 4.2 percent in October, and energy is expected to fuel additional price hikes next year when the Continue Reading
U.K. Missing 465,000 People From Workforce Since Covid Hit
Britain continues to face severe labor market shortages despite the end of the furlough program because 465,000 people have disappeared from the workforce since the start of the pandemic, according Continue Reading
U.K. Inflation Surges to Highest in a Decade on Energy Costs
U.K. inflation climbed faster than expected to the highest in a decade, heaping pressure on the Bank of England to raise interest rates and tightening a squeeze on living standards Continue Reading
The 800 Million Barrel Oilfield Getting Boris Johnson In Trouble
Having just hosted COP26 in Glasgow, Boris Johnson is now coming under pressure to cancel plans to explore the Cambo oilfield – a project that is thought to hold 800 Continue Reading
U.K. Power Prices Soar Above £2,000 on Low Winds
Power prices in the U.K. soared to the second highest level on record on Monday as low wind levels exposed the market to a supply crunch. Prices for between 5 Continue Reading
Rolls-Royce establishes Small Modular Reactors business
Rolls-Royce announced that following a successful equity raise, it has established the Rolls-Royce Small Modular Reactor (SMR) business to bring forward and deliver at scale the next generation of low-cost, Continue Reading
COP26 host U.K. pledges to phase out coal power while considering its first new coal mine in 30 years – The Washington Post
As the host of a high-stakes climate summit, Britain has made clear that international agreement on the phasing out of coal, the planet’s most polluting fossil fuel, is a top Continue Reading
U.K. Gas Firm CNG Closes, Ends Supplies to 41,000 Businesses
A U.K. gas company that supplied 41,000 small enterprises is closing down just weeks after it said it would stop providing the fuel wholesale to other energy suppliers. CNG Group Continue Reading
Four more British energy suppliers cease trading
Four more small British energy suppliers have ceased trading, regulator Ofgem said on Tuesday, taking the tally of companies to have gone bust since the beginning of September to 17. Continue Reading
Britain to launch $220 mln fund to boost floating wind power industry
Britain will launch a 160 million pound ($220 million) fund to help developers of floating offshore wind technology as part of efforts to ramp up renewable power and meet climate Continue Reading
“Truly Dark Day For Drivers” UK Gasoline Prices Soar To Record High
UK petrol prices have risen to record-high levels in what RAC/Experian Catalist describes as a “truly dark day for drivers,” according to Sky News . Gas prices at the pump Continue Reading
The U.K. Ditched Coal and Left Itself With a New Set of Challenges
Coal from mines around this northeastern English port town made the U.K. an industrial and imperial superpower in the 19th century. In the 21st, the country has all but ditched Continue Reading
UK’s Newest Gas Projects May Ease Crisis
The U.K’s natural gas production is soon expected to increase, as two new projects come online. Two new projects in the North Sea have recently started to flow gas, according Continue Reading
Energy market massacre looms for Britain, Scottish Power chief says
Britain’s energy market faces an absolute massacre that could claim another 20 suppliers unless the government urgently reviews the energy price cap, Scottish Power Chief Executive Keith Anderson told the Continue Reading