Oil and gas companies are betting on a future in which their production pushes global heating beyond 2.5C, a new report reveals. Shell, TotalEnergies and Chevron are among the majors which recently approved $166 billion (€157bn) of investment in new oil and gas fields over the next decade, according to financial think tank Carbon
Access to solar panels and a home battery has reduced energy bill worries for Nikita Harris on one of Europe's largest green retrofit projects. "Where I used to worry going to bed, I don't have to worry now," said Nikita, 26, whose home in Swansea now runs partially on a battery. Some 644 properties
Shell has posted profits of £8.2 billion ($9.5 billion) in Q3 2022, but has paid no windfall tax. This is more than double what the oil and gas major made in the same period during 2021, when it made $4.2 billion. It’s high adjusted earnings were due to strong trading and optimisation margins for
Home batteries can make your solar roof a much better investment. Home battery storage is moving from an exotic feature of the homes of the wealthy to a more mainstream option for any home with solar panels, incentivized by a new 30% federal tax credit. But If you think of batteries primarily as a backup
Wind farms paying back through the Contracts for Difference (CfD) scheme due to high power prices could now pay back £25 to each household from this October. According to new analysis from the Energy and Climate Intelligence Unit (ECIU), the process for these payments reaching bills was previously unclear and the benefits delayed. But a
The economic impacts of Russia’s invasion of Ukraine are being felt around the world. This is especially true in the energy and food markets whose supply chains depend on both countries. The crisis has reinvigorated a long-running debate about land use for solar farms, increasingly polarised around energy versus food security. Gas provides 40%
The power network's electricity system operator (ESO) said it expects supply to be tight at times this winter, most likely in the first half of December. The UK could face "very high prices" with experts warning household bills could rise to £3,850 this winter due to electricity supply shortages - but the lights will
The world’s largest carmakers are among those driving hardest for sustainable minerals Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to
Government limit on contracts for new renewable energy generation is ‘outdated thinking’, says Greenpeace UK Consumers will face higher energy bills than necessary next winter because of a decision by the government to limit new renewable energy generation, described as a “missed opportunity” by the renewables industry, and “outdated thinking” by a green campaign group.
Average day-ahead, within-day and system prices in Q1 2022 all more than tripled compared to Q1 2021 as a result of the Russian invasion of Ukraine, EnAppSys has found. During Q1 2022, the average EPEX day-ahead price was £200.80/MWh, while the corresponding Nordpool price was £199.63/MWh — over triple the average prices for the