1st October 2019 | Residential Energy
Four energy suppliers have been given a month to pay £14.7 million owed in green taxes or face losing their licences, energy regulator Ofgem has announced. Robin Hood Energy, Toto Energy, Gnergy and Delta Gas and Power failed to meet the original deadline of September 1 for renewable energy payments, which all suppliers must make….Read more
30th September 2019 | Commercial Energy
UK government support for fossil fuel energy projects has increased eleven times over the past twelve months, a UK Export Finance (UKEF) annual report has revealed. The Environmental Audit Committee’s (EAC) UK Export Finance report published in June identified an “unacceptably high” level of support fossil fuel projects in poorer countries. The UK Export Finance’s…Read more
27th September 2019 | Commercial Energy
New government figures show that renewable energy continues to grow, while coal use has fallen to its lowest levels since the Industrial Revolution. According to the figures, renewable energy made up 35.5 per cent of the UK’s electricity generation between April and June this year, up nearly 10 per cent from 32.0 per cent in…Read more
26th September 2019 | Recycling
UK banks have allocated almost £150bn of funding for fossil fuel projects since the start of 2016 and continue to collectively hold 146 investment pots in firms driving significant levels of rainforest deforestation. That is according to two damning new reports, out this week. The first report, from NGO BankTrack and commissioned by Triodos Bank…Read more
25th September 2019 | Commercial Energy
EDF said on Wednesday its Hinkley Point C nuclear plant in Britain could cost up to 2.9 billion pounds more than its last estimate, and face further delays. EDF is already grappling with investigations into welding and steel used in its French reactors, and delays and cost over-runs to other new projects in France and…Read more