Susanna Twidale

Britain will remove 150 pounds ($198.23) a year on average from energy bills by moving some costs to general taxation and cutting a scheme to help pay for home improvements, finance minister Rachel Reeves said on Wednesday.

Millions of British households will see energy bills edge higher next year after regulator Ofgem said it would increase its domestic price cap by 0.2% from January due to higher policy costs.

Ocean Winds, a joint venture between Portugal's EDP Renewables and France's Engie , has won seabed lease rights to build a 1.5 gigawatt floating wind farm in the Celtic Sea off the coast of Wales and South West England, Britain's Crown Estate said on Wednesday.

Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals.

Britain's energy regulator Ofgem announced plans on Thursday to tackle 4.4 billion pounds ($6 billion) of debts built up by customers, which are driving up bills for millions of households.

Britain is offering a smaller budget for offshore wind in its next auction round to spur investment in renewable power capacity, government documents showed on Monday, with one analyst saying the country will struggle to meet its clean power targets.

A record amount of renewable energy capacity was added globally last year, but that still left countries short of targets towards meeting a U.N. climate goal to triple capacity by 2030, a report by global renewable groups showed on Tuesday.

Britain must urgently prepare for global warming of at least 2 degrees Celsius above pre-industrial levels by 2050, its climate advisers said on Wednesday, warning the country is ill-prepared for extreme weather that is already occurring.

Britain's electricity and gas grid operators expect the country to have sufficient energy supplies this winter, despite tighter gas margins due to declining domestic production, they said in their respective winter outlooks on Thursday.

Renewable energy sources generated more electricity than coal globally for the first time in the first half of 2025, driven by rapid growth in China and India, a report by think tank Ember showed on Tuesday.

Britain has signed contracts for two commercial projects to capture and store carbon dioxide emissions which are expected to generate around 500 skilled jobs, the government said on Thursday.

Britain’s largest electricity supplier Octopus Energy has signed a deal with Chinese wind turbine manufacturer Ming Yang Smart Energy , which could see the first Chinese made turbines installed in Britain.

Millions of British households already grappling with strained budgets will see higher energy bills from October after regulator Ofgem increased its price cap by 2%, even as the government has been seeking to drive down energy costs.

Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks.

Analysts have kept their forecasts for prices in the European Union’s carbon market roughly steady with the spectre of tariffs from the United States and weak industrial output weighing on expectations.

Britain and the Czech Republic said on Monday they would work to explore opportunities for small modular nuclear reactors (SMRs), a partnership that could see Rolls-Royce's SMR business export up to six units to the central European country.

French nuclear energy utility EDF will invest around 1.1 billion pounds ($1.5 billion) in the Sizewell C nuclear project in Britain in which it is already a shareholder, the French presidency and British government said on Tuesday.

Britain is launching its first ever onshore wind strategy, designed to boost renewable power capacity and increase jobs in the sector, the government said on Friday.

The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue.

British Gas owner Centrica is set to take a 15% stake in the planned Sizewell C nuclear plant in southeast England, the Financial Times newspaper reported on Friday, citing people familiar with the discussions.