The City watchdog has closed an investigation into the power generator Drax after an almost 10-month review into the sourcing of wood pellets for its biomass station. The Financial Conduct Authority said it had “reviewed thousands of pages” but that it “did not find...

Britain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey. The manufacturers’ body Make UK said the latest...

National Grid says the money is needed to invest in the network over the next five years. Grid has asked Ofgem to approve around £4.5bn of new investment across the electricity transmission network in England and Wales. The company has...

The move follows the Government recently setting out its intention to appoint Ofgem to regulate TPIs, including energy brokers, price comparison websites, bill splitters or auto-switching sites, in the retail energy sector. The review of the sector includes TPIs acting...

A new phase of the natural El Niño weather pattern could begin in a matter of weeks, the UN has warned, boosting temperatures on a planet already under strain from climate change. The World Meteorological Organization said this El Niño...

On Tuesday, 2 June, the British government announced its proposed level for the seventh Carbon Budget, targeting an approximately 87% reduction in emissions for the period 2038 to 2042, according to a government press release. This target has received backing...

The effects of the conflict in the Middle East are prompting businesses and countries to rethink energy investment strategies, according to a new report. The International Energy Agency (IEA) forecasts global energy investment is projected to reach £2.5trn in 2026,...

Yü Group, the AIM-listed independent supplier of gas and electricity, has extended its key structured trading agreement with Shell Energy Europe by three years to 2032, in a move designed to fund its next phase of growth. The Hedging Facility,...

The bigger concern is October ⁠when demand picks up again and current forecasts point to a similar cap level as July,” the Cornwall Insight analysts said. “While the October cap will ⁠depend on how the Middle East conflict unfolds, even...

Global oil supplies are being drained at a record pace as the war in the Middle East continues to choke supplies moving through the Strait of Hormuz. That’s according to the International Energy Agency (IEA) which says more than 10...