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The Latest Breaking News on Energy

Dubai Utility Earns $3.3b Revenue in First Half of 2022

Dubai Electricity and Water Authority (DEWA) reported Thursday a quarterly revenue of AED7.01 billion ($1.9 billion) and a net profit of AED2.61 billion ($710 million) in its second quarter 2022 financial results. For the first half 2022, DEWA's revenue is AED12.08 billion, and net profit is AED3.30 billion. DEWA's first…

Asharq Al-Awsat

Al Gore hails Biden’s historic climate bill as ‘a critical turning point’

Exclusive: ex-US vice-president says with $370bn package of clean energy spending ‘we have changed history and will never go backwards’

The Guardian - US

UN Watchdog Warns of 'Grave' Crisis amid Violence near Ukraine Nuclear Plant

The head of the UN nuclear watchdog warned an emergency Security Council meeting on Thursday of the "grave" crisis unfolding at the Zaporizhzhia nuclear power plant in Ukraine, as Moscow and Kyiv traded accusations of new shelling near the facility. "This is a serious hour, a grave hour," Rafael Grossi,…

Asharq Al-Awsat

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Ministers seek to boost winter gas supply

The energy minister has given the Australia Energy Market Operator the power to shore up domestic supply and added emissions reduction as a market target.

AAP

Nuke or no nuke? California officials ponder nuclear future

The California Energy Commission is holding a three-hour workshop focused on the state’s power needs and what role the Diablo Canyon Nuclear Power Plant might have in maintaining reliable electricity in the climate change era

The Independent UK

Labour vows to stop 'outrageous' energy prepayment meter costs

Shadow chancellor Rachel Reeves pledged that Labour would end the unfairness of consumers relying on prepayment meters having to pay more than those on direct debit.

Daily Record

Southern Renewable Energy Zone to be connected to national electricity market

A $160 million promise to connect a Queensland wind farm to the national power grid means the future of power will be cleaner and cheaper, according to conservationists.

ABC News

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Boris Johnson accused of "doing nothing" as millions of Brits face soaring bills

The outgoing Prime Minister has been accused of "a total abdication of leadership" after passing the buck to his successor as Brits face crippling energy bills of up to £5,038 a year

Daily Mirror

UN chief calls for demilitarised zone as more shelling hits Ukraine's Zaporizhzhia nuclear power plant

Moscow and Kyiv again blame each other for shelling at Ukraine's Zaporizhzhia nuclear power complex, with UN boss Antonio Guterres urging the withdrawal of military personnel and equipment.

ABC News

UK energy bills ‘set to cost two months’ wages’, ministers warned

TUC calls for October energy price cap rise to be cancelled as chancellor tells firms to invest ‘extraordinary profits’

The Guardian - UK

Do not let windfall tax run beyond 2025, energy chiefs tell PM candidates

Offshore Energies UK wrote to both Liz Truss and Rishi Sunak.

The Independent UK

Explainer: Why gas prices are falling

Gas prices hit record highs just two months ago, but now they're sinking below $4 a gallon

The Independent UK

Labour vows to end ‘outrageous’ energy premiums faced by prepayment customers

Labour says policy is first in package to be unveiled in coming days

The Independent UK

Collaboration is essential to meet the Hunter's challenges

The challenges of energy transition are rumbling towards communities across Australia like an approaching freight train. It's been off in the distance for a while, but the roar of the locomotive is getting louder and louder.

Newcastle Herald

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Al Jazeera

US petrol prices below $4 a gallon for first time since March

Prices at the pump peaked at a record $5.02 per gallon in June, causing drivers to buy less petrol.

Al Jazeera

UN chief issues warning as Ukraine nuclear plant shelled again

Russian and Ukrainian officials have repeatedly accused each other of shelling the Zaporizhzhia nuclear plant.

The Independent UK

‘All hands on deck’ as major Toronto power outage leaves thousands without electricity

Shops and restaurants across Canadian capital forced to shut, while country’s immigration minister was trapped in elevator

The Guardian - UK

Russian oil production falls less than 3% as sanctions have ‘limited’ effect

In July production was only 310,000 barrels a day below prewar levels, IEA finds

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Asharq Al-Awsat

Egypt to Ration Electricity to Boost Gas Exports

Egypt's cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday. Egypt has suffered from an acute foreign currency shortage since Russia's February invasion of Ukraine, which pushed up global commodity…

Asharq Al-Awsat

Iraq Extends Lebanon Fuel Deal for One Year

Iraq's government has agreed to continue supplying Lebanon's electricity company with heavy fuel oil for another year, Lebanon's caretaker prime minister said on Thursday, alleviating pressure on Lebanon's struggling power grid. Najib Mikati said he had made the request to Iraq's Prime Minister Mustafa al-Kadhimi, who agreed to extend the…

Evening Standard

What is the Ofgem energy price cap? Households face higher annual bills from April 2025

Ofgem has attributed the rise to a shortage of renewable energy and higher wholesale prices, driven by cold weather

The Guardian - UK

Which energy firms met Boris Johnson – and how big are their profits?

Vital statistics on power-generation firms suspected of having cashed in on high energy prices

Evening Standard

Rising energy bills: What do I need to do before energy costs go up — and what help is available?

To fix or not to fix? Here’s what you need to know about energy tariffs.

Wales Online

Boris Johnson asks energy firms to act 'in the national interest' as prices surge

The Prime Minister has urged energy companies to help vulnerable customers but has said no action will be taken until his replacement takes office

Chronicle Live

Boris Johnson urges power companies to act ‘in the national interest’ to ease cost of living pressure

The outgoing Prime Minister did not, however, announce any new immediate help for hard-pressed families

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