The CBI has today called for a major push on energy efficiency, urging the Government to streamline overlapping policies and for companies to step up action on energy efficiency to cut bottom line costs, manage risks and open up growth opportunities.
MPs have severely criticised Ofgem for failing to tackle the lack of transparency about energy company profits. At a time when many people are struggling with the rising costs of energy, consumers need reassurance that the profits being made by the Big Six are not excessive, say the Energy and Climate Change Committee in a new report.
Fears of excessive profits
One of the world's largest lenders, the European Investment Bank, has adopted new guidelines to reinforce support for investment in renewable energy, energy efficiency and energy grids.
Chancellor George Osborne has promised to push through big tax cuts to boost the UK's shale gas industry. The Treasury has today launched a consultation pre-empting the launch of a new tax regime for shale gas, including a new shale gas 'pad' allowance.
The plan to build a new nuclear power station at Hinkley Point moved forward today when the Government offered £10bn of guarantees to investors.
The Hinkley C project
