Boris Johnsonโs flagship energy bill faces significant change or being scrapped altogether as Liz Truss focuses efforts on lowering household energy costs, according to reports this week.
The British government needs to publish detailed plans on decarbonising the economy if it wants to prevent a โdisorderlyโ transition to net-zero emissions by 2050, members of Parliamentโs upper chamber said Thursday.
The UK government has launched a โtransformationalโ review into the nationโs electricity market, which could see sweeping reforms to electricity pricing, procurement and storage.
Development pledges and new policing powers on CCUS, hydrogen and decommissioning have been unveiled in the UK Energy Security Bill, marking the โbiggest reformโ of its kind in a decade.
The UK spent around ยฃ5 billion on imports of Russian oil, gas and coal in the year to April 2022 according to a House of Commons research briefing, as the government looks to halt supplies by the end of this year.
Kwasi Kwarteng has paid a visit to a major Shell conference hailing the firmโs UK spending plans, two weeks after the government announced a windfall tax on the industry.
Leaders from across the energy sector praised measures outlined in the Queenโs Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.
The British energy security strategy published by the UK Government on 7 April 2022 reasserted the key role that offshore wind must play if we are to achieve the overarching objective of providing โclean, affordable, secure power to the people for generations to comeโ.
UK energy minister Greg Hands said further updates on carbon capture and storage (CCS) funding critical to north-east Scotlandโs Acorn project will come later this year, after the government's Energy Security Strategy offered little new for the sector.
New government-led project accelerator schemes announced as part of the governmentโs energy security strategy will help reduce the time between licensing and consent for offshore projects, according to energy minister Greg Hands.
Neptune Energy has confirmed plans to commit $100 million (ยฃ76m) to the Isabella appraisal well later this year, as the UKโs new Energy Security Strategy sets the course for continued North Sea production.
The newly launched Energy Security Strategy will be supported by a ยฃ375 million funding package to help develop โcutting-edge energy technologiesโ spanning hydrogen, carbon capture and nuclear.
The UK Government has announced plans for regulatory โaccelerators" which it claimed could shave "years offโ development time for new oil and gas projects in the North Sea.
Politicians and campaigners have criticised the governmentโs Energy Security Strategy for apparently overlooking energy efficiency and demand reduction measures in favour of large-scale nuclear and fossil fuel projects.
The UK Governmentโs new British Energy Security Strategy must ensure that low-carbon infrastructure is built in the UK, according to energy trade groups and unions.
A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.