Cost of Energy

UK academic: reliance on nuclear would be “reckless”

UK academic: reliance on nuclear would be “reckless”

Professor Steve Thomas, a well-known energy economist in the UK, has joined calls to cancel the Hinkley Point nuclear programme. The UK government first announced its plan to build five nuclear generators as part of its nuclear expansion programme in 2006. The generating stations, one of which would be Hinkley, would […]

UK Government rules out new low carbon levies until 2025

UK Government rules out new low carbon levies until 2025

Documents from yesterday’s Autumn Budget have revealed the government’s will not introduce any new “green taxes” until 2025 to protect consumers from rising energy bills. According to Treasury documents: “in order in order to protect consumers, the government will not introduce new low carbon electricity levies until the burden of […]

FT: Transparency needed on clean energy costs

FT: Transparency needed on clean energy costs

A recent opinion piece in FT View highlighted the need for more transparency over the cost of the UK Government’s transition to greener energies amid political pressure to address rising bills. Britain’s big six energy providers are feeling the heat of Theresa May’s pledge to end the standard variable tariff […]

Centrica proposes shifting £5bn in green energy costs out of bills

Centrica proposes shifting £5bn in green energy costs out of bills

The group chief executive of Centrica, Iain Conn, has called for fairer funding of green energy costs and has set out plans to reform the energy market. The proposals look at how to make funding for cleaner power generation and energy efficiency fairer by removing it from energy bills, which […]

National Grid opposes calls for re-nationalisation

National Grid opposes calls for re-nationalisation

National Grid has defended itself from calls for the company to be re-nationalised, claiming that it is now 30% cheaper to maintain the transmission network that it was prior to privatisation in 1990. The Labour Party’s general election manifesto raised the debate around the issue, claiming households would save £220 […]

Concerns rise over SSE and Npower merger

Concerns rise over SSE and Npower merger

Concerns have grown over the fate of 16,000 UK employees as SSE and Npower plan to merge their supply businesses. Today, Britain’s second and sixth largest energy suppliers announced they have agreed on the terms of a merger to create a supply company that would slash costs of over £100 […]

Rising cost of energy threatens British industry

Rising cost of energy threatens British industry

British industry has the second highest energy rates in Europe, after Denmark, and are expected to rise even further as the UK looks to leave the EU. A recent report commissioned by the government, led by Professor Dieter Helm, concluded that hesitant policymaking and delays within government has resulted in […]

Pressure mounting on Clark and energy price cap plans

Pressure mounting on Clark and energy price cap plans

Rachel Reeves has asked Greg Clark to clarify his stance on the controversial price caps, which business groups blasted earlier this month. Today, Greg Clark was questioned by the Business, Energy and Industrial Strategy (Beis) Select Committee, chaired by Reeves, on the implications of the proposed legislation, during which he […]