Wednesday, 2 April 2025

Focus on Great British Energy

Great British Energy is an initiative of Britain’s new Labour government. It will be a publicly-owned energy company, designed to drive clean energy deployment, boost energy independence, create jobs and ensure UK taxpayers, billpayers and communities reap the benefits of clean, secure, home-grown energy.

News Release

New vision for UK seabed as The Crown Estate publishes bold approach to drive energy transition and nature recovery

11 Sept 2024 An ambitious vision for how the UK’s seabed can continue to support the accelerated delivery of nature recovery and the...

Energy Security and Net Zero Secretary Ed Miliband (Jordan Pettitt/PA)
BusinessFinanceLegislationNewsPolitics

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says

British MPs debate the creation of publicly owned GB Energy, clashing claims of energy security with fears of a taxpayer black hole.

Reform UK chairman Richard Tice hit out at Mr Miliband’s plans (Maja Smiejkowska/PA)
Contracts for DifferenceElectricityNewsOffshore WindPoliticsSolarWind

Reform UK MP accuses Ed Miliband of being ‘obsessed’ with renewable energy

Reform UK's Richard Tice attacks wind and solar auctions as being 'more expensive' in heated debate with Energy Secretary.

More offshore wind farms will be built (Anna Gowthorpe/PA)
ElectricityHydropowerNewsPoliticsSolarWind

UK renewables auction brings 9.6GW of clean power projects

The latest round of contracts includes nine new offshore wind farms as UK auctions enough clean projects to power 11 million homes.

The Bill will allow the Crown Estate to invest more in green energy, financial secretary to the Treasury Lord Livermore said (Anna Gowthorpe/PA)
Carbon ManagementClimate FinanceElectricityLegislationNewsOffshore WindPoliticsWind

New Bill will allow Crown Estate to invest more in green energy, says UK minister

Giving the Crown Estate the ability to invest more widely in growth opportunities will, the minister said, “increase the frequency of leasing for...

A proposed increase in the Energy Profits Levy would cost the sector about £13 billion, an trade body has warned (Andrew Milligan/PA)
EconomyNatural GasNewsOilTrade

Oil and gas windfall tax rise would cost the economy £13bn, UK trade body warns

Increased windfall taxes on the UK’s offshore oil and gas industries would cost the economy about £13 billion.

Sir Keir Starmer standing in front of turbines at an onshore wind farm on a visit in November 2022 (Stefan Rousseau/PA)
ClimateElectricityEmissionsFuelInfrastructureLegislationNewsOffshore WindPoliticsSolarWind

UK policy ‘blitz’ on clean energy backed by public, polling suggests

British public have noticed rush of UK clean energy policy announcements since election, with most approving of push for renewables.

Prime Minister Sir Keir Starmer meeting First Minister of Wales Eluned Morgan during a visit to Cathays Park in Cardiff. Picture date: Monday August 19, 2024 (Stefan Rousseau/PA)
ElectricityInfrastructureNewsPoliticsWind

Sir Keir Starmer: Key role for Wales in making Britain energy superpower

Welsh wind farms scheme praised by Prime Minister as crucial to the UK's transition to renewable energy.

Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/ File Photo
BusinessEconomyNatural GasNewsOilPolitics

North Sea oil and gas producers say UK windfall tax is a ‘wrecking ball’

Drilling companies say to expect a sharp drop in revenue following increased UK windfall tax on oil and gas companies.

The Just Transition Commission has warned significant investment is needed in Scotland’s transition to net zero (Andrew Milligan/PA)
BusinessClimateEconomyEnvironmentFinanceNewsPoliticsRegulations

Net zero transition needs significant investment to avoid failure, report warns

Scotland’s route to net zero must include significant investment to avoid failure, a report has warned. The investment report by the Just Transition...

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