A large oil company looking to drill in the North Sea has held talks with Kwasi Kwarteng, the Business Secretary, as attitudes towards domestic fossil fuels change in light of Russia’s invasion of Ukraine. Gilad Myerson, executive chairman of Ithaca Energy, met Mr Kwarteng in the days leading up to an announcement on Thursday that it…
In a particularly cruel twist of fate, 2021 was not just the year gas prices rocketed but also the one where the wind didn’t blow. As breezes dropped to their slowest speeds in 60 years, Britain was forced to fire up “dirty” coal power stations and fresh questions were asked about inherently less reliable renewable…
The collapse of Bulb, which served 1.7m customers, will have left many households wondering if their energy supplier might be next. Before the latest addition to the count on Monday, 19 domestic energy firms that supplied 2.1m customers had gone bust since August. The demise of Bulb, the total now stands at 20 and the…
Four more energy suppliers are in line to collapse amid soaring wholesale gas and electricity prices, leaving thousands more households facing higher bills. A string of companies are on the brink of failure as crisis grips the energy market, according to Sky News, with talks underway with Ofgem, the industry regulator. Failures could be announced as…
