LONDON Britons could see a 6 billion pound cut in energy bills over five years from 2021, saving the average household 40 pounds per year, under plans to curb what gas and electricity network firms can pay shareholders.
Energy supplier SSE Plc said on Wednesday annual earnings fell more than a third as it battled stiff competition and warned of an uncertain outlook due to the opposition Labour party's plans to nationalise Britain's energy networks.
LONDON Britain's opposition Labour Party intends to take energy networks back into state ownership if elected, prompting infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy.
FRANKFURT/LONDON E.ON and Centrica, two of Britain's so-called "big six" energy providers, warned on Monday of a toughening retail market, raising the chance of cost cuts in response to falling profits.
Britain's largest energy supplier Centrica Plc faces a challenging trading environment in the first half of the year due to a national cap on energy prices, warmer-than-normal weather and weak UK natural gas prices, it said on Monday.
SSE said on Wednesday it would cut jobs in its customer service and metering teams as the British energy company faces a perfect storm of stiff competition, higher costs and a cap on how much it can charge.
LONDON Britain, the birth place of coal power, has gone seven days without electricity from coal-fired stations for the first time since its 19th century industrial revolution, the country's power grid operator said on Wednesday.
LONDON, May 8 Britain, the birth place of coal
power, is set to go seven days without electricity from
coal-fired stations for the first time since its 19th century
industrial revolution, the National Grid operator said on
LONDON Britain should commit to a net zero greenhouse gas emissions target by 2050, government climate advisers said, a goal that could require phasing out new petrol and diesel cars by at least 2035 and a 20 percent cut in beef and lamb consumption.
* Net zero target achievable by 2050 with existing