MPs to probe Crown Estate's £1.1bn wind farm profits
MPs launch inquiry as Crown Estate profits soar to £1.1bn from offshore wind. King Charles urged to stop seabed being used as a 'cash machine'. Read the full investigation.
Category : Search result: energy profits
Scotland's energy industry faces 'existential threat'
First Minister John Swinney warns PM Keir Starmer that Scotland's energy industry needs urgent UK Government support, including scrapping the energy profits levy, to avoid irreversible decline.
Energy bill hike fury: Readers slam £108 rise for grid upgrades
Outrage erupts as Ofgem approves £28bn network investment, pushing bills up £108. Readers demand energy giants use profits, not consumer hikes, to fund upgrades. Share your views.
Energy bills to rise £108 as Ofgem approves £28bn upgrade
UK energy regulator Ofgem greenlights £28bn infrastructure investment, pushing network charges on bills up by £108. Find out how this affects you and the long-term plan.
US Renewable Energy Lab Renamed Under Trump
The US Department of Energy has removed 'renewable energy' from the National Renewable Energy Laboratory's name, rebranding it the National Laboratory of the Rockies. Discover the implications for US energy policy.
Harbour Energy cuts 100 jobs, blames windfall tax
The UK's largest oil and gas producer, Harbour Energy, announces 100 offshore job cuts, citing the 'uncompetitive' windfall tax. Read the full story on the impact on the North Sea sector.
Reeves' £26bn Tax Hike Budget Faces Backlash
Chancellor Rachel Reeves' second budget imposes £26bn in tax rises, freezing thresholds and hitting businesses. Scottish Conservatives condemn anti-growth measures and energy policy failures.
Labour's North Sea oil policy confusion deepens
Labour's energy policy faces contradictions as drilling extensions clash with windfall tax, putting 1,000 monthly North Sea jobs at risk. Discover the government's muddled approach.
Trade body: Government taxing oil and gas sector to death
Aberdeen Chamber of Commerce warns 160,000 jobs at risk after Chancellor Rachel Reeves refuses to scrap the energy profits levy in the Budget. Discover the fallout.
Stop These Devices Draining Your Energy Bills
Experts reveal the three common household gadgets secretly adding to your energy costs. Switch them off properly to slash your bills and reduce your carbon footprint.
Scrap Windfall Levy or Face North Sea Job Losses
Scottish Conservatives warn Rachel Reeves must end Energy Profits Levy in budget to prevent 1,000 monthly job losses and secure £16bn extra Treasury revenue. Read the analysis.
4-Minute Shower Rule to Cut Energy Bills in 2026
As Ofgem confirms a 2026 price cap rise, discover Octopus Energy's simple 4-minute shower method and other expert tips to significantly reduce your energy bills this winter.
Ofgem confirms 0.2% energy price cap rise for January
Ofgem announces a 0.2% energy price cap increase for January-March 2026, adding £3 to the average annual bill. Discover what this means for your household budget.
Energy bills to rise 0.2% from January
Ofgem announces a 0.2% increase to the energy price cap from January 1, adding around £3.36 annually to the average household bill. Discover what this means for you.
Energy bills to increase by 0.2% from January
Ofgem announces 0.2% energy price cap rise from January 1, adding £3 annually to average bills. Discover how this affects households across Britain.
Energy firms make £125bn profit as bills soar
Exclusive analysis reveals energy giants have made £125bn in UK profits over five years. Campaigners demand Chancellor Rachel Reeves imposes fresh windfall tax in Budget.
Spain's Community Energy Revolution Powers 3,000 Projects
Discover how Spain's grassroots energy revolution is empowering communities with 3,000 renewable projects. Learn how citizen-led initiatives are transforming power generation across the nation.
Tomato Energy collapses amid UK energy crisis
Another UK energy supplier collapses as Tomato Energy ceases trading, leaving thousands of customers in limbo. Ofgem steps in with protection plan.
Octopus Energy Cuts Gas & Electricity Prices From July
Millions of British households are set for welcome relief as Octopus Energy slashes gas and electricity prices from July 1st, 2024, offering one of the market's most competitive rates.
Energy giants unite to prevent mass job losses
In a dramatic political intervention, renewable energy leaders have united with traditional oil and gas companies to demand urgent government action, warning that Britain faces devastating employment consequences without immediate policy support.
BP Profits Plunge Despite Major Asset Sales
Energy giant BP reports significant profit decline despite major asset disposals, highlighting ongoing challenges in the traditional energy sector as transition pressures mount.
Shell abandons climate target after $28bn profits
Energy giant Shell has dramatically scaled back its carbon reduction ambitions while reporting staggering $28bn profits, sparking outrage from climate campaigners.
Australia's Free Solar Power Plan to Cut Household Bills
Australia unveils groundbreaking 'Solar Sunshot' initiative offering free solar power to households, potentially saving families thousands while accelerating the nation's clean energy transition.
Free Energy Gadgets That Slash Your Electricity Bills
Discover how innovative free-energy devices can dramatically reduce your electricity costs and help you save hundreds of pounds annually with these brilliant household solutions.
UK Electricity Prices Set to Fall for Households
Millions of British households are about to see significant relief on their energy bills as electricity prices are forecast to drop substantially in the coming months, driven by increased renewable generation and lower wholesale costs.
Millions Owed Energy Credit From Closed Accounts
New Ofcom research reveals energy customers with closed accounts may have significant credit balances waiting to be claimed, as bills remain stubbornly high.
£240M Energy Credit Scandal: 2 Million Owed Refunds
Ofgem uncovers massive energy credit scandal with 2 million customers owed refunds from old accounts. Discover if you're due money and how to claim your share of £240 million.
Shell profits hit £5.1bn despite energy market pressures
Energy giant Shell reports third-quarter profits of $6.2 billion, defying expectations despite lower gas prices and refining margins. Discover how trading operations and LNG performance drove these impressive results.
Shell profits hit £34bn as production soars
Energy giant Shell reports staggering profits exceeding $43 billion, driven by unprecedented production highs in Brazil's offshore fields and Gulf of Mexico operations, sparking renewed debate about windfall taxes.
Trump-Xi Trade Deal Fuels Oil Surge & Market Rally
Global markets surge as Trump and Xi announce landmark trade agreement, sending oil prices skyrocketing while Shell posts staggering £7.4 billion quarterly profit amid energy sector boom.
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