UK Puts A Cap On Household Energy Bills
British households will have their annual energy bills capped at £2,500 for two years in a £130bn+ scheme that will save consumers thousands of pounds. Prime Minister Liz Truss said Continue Reading
UK shale gas developers eager to resume work after fracking ban lifted
Highlights Move sets foundation for gas self-sufficiency: Cuadrilla Ineos renews offer to drill test shale gas well in UK Egdon pledges to deliver shale gas in ‘timely fashion’ A number Continue Reading
New UK leader Liz Truss finalizes huge power subsidy plan
Truss to announce energy support plan on Thursday New PM rules out windfall tax on power firms Sterling falls to lowest since 1985 against U.S. dollar Kwarteng says borrowing will Continue Reading
UK’s New Energy Chief Rees-Mogg Wants to Drill ‘Every Last Drop’
Britain’s new energy minister, Jacob Rees-Mogg, is one of the most recognizable politicians in Britain, known for his old-fashioned double-breasted suits, an exaggerated upper-class accent and a love of archaic Continue Reading
Britain borrows big again to ease energy shock
Britain’s new leader Liz Truss capped soaring consumer power bills for two years on Thursday in a package to limit the economic shock of war in Ukraine that could cost Continue Reading
60% Of UK Manufacturers Could Close As Energy Prices Soar
MakeUK, a manufacturing lobbyist, is warning that soaring energy prices could force manufacturers to halt operations. Skyrocketing energy bills and the wider cost-of-living crisis are squeezing plant owners. The rise Continue Reading
Truss Drafts £130 Billion Plan to Freeze UK Energy Bills
Truss Drafts Energy Plans to Aid UK Households, Businesses Incoming Prime Minister Liz Truss has drafted plans to fix annual electricity and gas bills for a typical UK household at Continue Reading
Cost of Truss energy relief plan may top $200 billion, analyst says
British Prime Minister Liz Truss holds her first cabinet meeting after taking office at Downing Street on September 07, 2022 in London, England. (Photo by Frank Augstein – Pool/Getty Images) Continue Reading
New UK Energy Secretary Appointed
‘This will be the department for growth’. Jacob Rees-Mogg has been appointed as the UK’s new Secretary of State for Business, Energy and Industrial Strategy, after Liz Truss became the Continue Reading
UK’s Truss plans $46 billion energy package for businesses – Bloomberg
Incoming British prime Minster Liz Truss is planning a 40 billion pound ($46.22 billion) support package for businesses to help them cope with rising energy costs, Bloomberg News reported on Continue Reading