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The Latest Breaking News on Energy

Reliance Industries shares fall 3%; ONGC, Vedanta too decline

NEW DELHI: Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil.

The Times of India

Move wind farms on to new contracts and save households £18bn, say trade bodies

Households could save up to £250 each if contracts for old subsidies are changed to the newer subsidy scheme.

The Independent UK

Ireland should remain on daylight saving time to help deal with winter energy crisis, says senator

Cork Senator Tim Lombard said the tradition should be abandoned to help take the pressure off the energy grid

Irish Mirror

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Gibraltar confirms leakage of fuel from stranded cargo ship

Gibraltar authorities say that a small amount of heavy fuel oil has leaked from a bulk carrier ship stranded since colliding Monday with another ship near the Bay of Gibraltar

The Independent UK

Lawmakers approve $1.4 billion loan for PG&E to keep Diablo Canyon nuclear plant open

SACRAMENTO, Calif. — California lawmakers voted to keep the Diablo Canyon nuclear plant open for five more years, ultimately siding with Gov. Gavin Newsom's controversial call to lend PG&E up to $1.4 billion and reverse plans to shutter the facility.

Los Angeles Times

Johnson takes swipe at Truss plans for fracking and North Sea drilling

Outgoing leader hails £700m funding for Sizewell C nuclear plant in penultimate speech

The Guardian - UK

Network Rail braces for £1bn energy bill as costs increase by more than 50%

Cost of electricity for running trains alone is expected to increase from £595m to £885m in 2023-24

The Guardian - UK

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Electric Ireland announces another price increase on electricity and gas in new cost of living blow

It marks the third time this year that Electric Ireland has hiked its prices. The rises will equate to €37.20 per month on the average residential electricity bill and €42.99 per month on the average residential gas bill.

Irish Mirror

Electric Ireland confirm huge increase in gas and electricity prices

Residential electricity bills will rise by 26.7% while residential gas bills will go up by 37.5%

Dublin Live

Energy price inflation: how the UK and EU could fight it

What can be done about rising prices – and would nationalising gas and electricity firms help?

The Guardian - UK

Boris Johnson pledges £700 million for nuclear power plant - but nothing on cost of living

BORIS Johnson has promised £700 million for the Sizewell C nuclear power station project in Suffolk in his final major policy speech as Prime…

The National (Scotland)

Irish couple using solar panels to keep down bills say others should do the same

Irish households, which typically use 4.2 megawatts of electricity per year, are bracing themselves for huge increases in utility bills through the winter

Irish Mirror

Liz Truss puts hard-right ideology above lives – and is backing oil and gas to prove it

Amid mounting energy and climate crises, the would-be prime minister is burying her head in an eternal culture war, says Guardian columnist Owen Jones

The Guardian - UK

Russian oil firm boss dies ‘falling out of hospital window’ after criticism of Ukraine war

Lukoil, the Kremlin’s second-largest oil producer, called for an end to the conflict in March

The Independent UK

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Birmingham Post

Ovo boss unveils plan to deal with energy bills crisis

Stephen Fitzpatrick has put forward a 10-point action plan that would see the government subsidise bills

Evening Standard

Ukraine’s Kherson offensive is more symbolic than strategic

The story of the Ukrainians’ long-heralded counter-offensive on the city of Kherson is one of symbol as much as substance. Their forces have attacked across a 50-mile front, targeting five or six key strongpoints, to cut off and destroy Russian forces in Kherson, the first major strategic city seized by…

The Guardian - UK

Tariff shields and turning off lights: how Europe is tackling the energy crisis

The scale of the crisis in several European countries, and what governments are doing about it

The Guardian - UK

Wholesale gas prices fall as Europe’s plan to avert winter energy crisis takes shape

Price of gas for delivery on Friday drops 21% from Wednesday night’s price of 405p per therm to 320p

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The Guardian - UK

Energy crisis: UK households worst hit in western Europe, finds IMF

Heavy reliance on gas is behind price surge, with the impact on poorest households also the worst in Europe

Daily Record

Liz Truss u-turn on help for poorer households to meet soaring energy costs

The favourite to be declared Tory leader next week has changed tack in the face of rising fears over energy bills and promised that she will deliver 'immediate support' to unaffordable costs.

The Independent UK

California legislators advance plan to extend nuke plant run

The California Legislature was advancing Gov. Gavin Newsom’s blueprint to extend the lifespan of the state’s last operating nuclear power plant by up to five years

Bangkok Post

'Save energy for yourself, not the nation.'

The national oil and gas conglomerate PTT Public Company Limited, in collaboration with Salmon House, a creative video production company, launched a new television commercial aimed at encouraging the public to consume less energy.

AAP

Transition body for coal workers proposed

The Jobs and Skills Summit has been told a transition agency for coal and gas workers would be critical to boost employment in a clean-energy economy.

Evening Standard

UK may have to introduce ‘restraints’ on energy use to get country through winter, says Michael Gove

Britain may have to introduce “restraints” on energy use to get the country through the winter, senior Tory MP Michael Gove said on Thursday.

The Guardian - UK

Ovo Energy chief calls for ‘progressive’ scheme for bills similar to tax system

Banded subsidy would provide greater support for poor households but taper off for richer users

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