Sunak Speaks of a U-Turn at last

By Emily Chen Following months of speculation, Chancellor Rishi Sunak confirmed today that he would be imposing a temporary windfall tax of 25% on oil and gas firms. The expected £5bn to be raised will be used to double the discount on energy bills, provide a £500m increase for the Household Support Fund, and provide…

Is a windfall tax the way forward?

By Laura Griffiths Economically and politically, this week has been somewhat strained – 9% inflation, rising energy bills and a constant undertone of conversation about the cost of living. However, it is likely that coming weeks are going to be more difficult not only from a macro perspective, but also micro, and on our household…

Energy deadlock

By Charlie Rattigan The Government’s net zero drive has suffered another setback this week with the Energy Supply Strategy being delayed for a second time. Prime Minister Boris Johnson had promised the plans would be published in mid-March as part of the UK’s efforts to secure its energy supply in the wake of the Russian…

The Energy Independence Plan – what we know so far

By Imogen Shaw During yesterday’s PMQs, the Prime Minister reiterated his promise that a new Energy Independence Plan is imminent – most media reports are suggesting that it could come as soon as next week, although it is possible that disagreements on policy direction within the Cabinet could result in the release of the plan…

Stepping on the gas

By Rebecca Coleman This morning, the world awoke to the news that Russian troops had crossed the Ukrainian border into the Donetsk and Luhansk regions, following the Kremlin’s decision to recognise both regions as separatist ‘republics’.   While Putin claims that troops are merely carrying out ‘peacekeeping functions’, in reality, the invasion represents a significant…

Rising gas prices hit us all in the pocket

By Paddy Kent I was so pleased with myself when a comparison site signposted me to join Utility Point in January 2021. Pat on the back for finding the very lowest prices on offer and locking in those prices for 12 months. Household spending spreadsheet updated. Paperwork filled away in the lever arch. Forget about…

Gas crisis? What crisis?

By Siân Jones  The gas price rises hitting the headlines this week have been a gift for journalists keen to find the next crisis, now that pandemics and vaccines are slowly slipping down the news agenda. Doom-laden talk of power-cuts, the three-day week and a return to the 1970s all make great copy, particularly for…

Better late than never: “the start of the UK’s hydrogen revolution”

By Will McMyn The government’s long-awaited Hydrogen Strategy has finally been published. This is the latest in a line of energy and climate related documents that has materialised well after it was promised. There are a number of other key policy documents that remain missing in action (Heat and Buildings Strategy, anyone? Or Treasury’s Net…