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The Latest Breaking News from Energy

3 Stocks to Steer Clear From in February 2023

While the Fed’s rate hikes and a slowing economy have kept sales under pressure, rising tensions between the US and China might cause further disruptions in the EV industry. Hence, fundamentally weak stocks NIO (NIO), Nikola (NKLA), and Lordstown Motors (RIDE) might be best avoided now. Keep reading.

StockNews.com

After big energy investments, Biden must prep for GOP scrutiny - Roll Call

Biden can use his State of the Union address to tout investments to make the U.S. more energy self-reliant.

Roll Call

Around 900,000 households will get £400 energy bill help this month - see who'll get it

The UK Government announced that the Energy Bills Support Scheme Alternative Funding application portal is expected to be up and running by Monday, February 27, 2023

Daily Mirror

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Queensland weather pushes power grid to the limit as BOM warns of ongoing heatwave

Queensland's energy minister says the state will have enough electricity supply to make sure the "lights stay on" as the heatwave intensifies today but planned outages will go ahead.

ABC News

British Gas allegedly broke into vulnerable people's homes to force-fit prepayment meters

Grant Schapps calls for urgemt meeting with energy firm after journalist working for The Times spent a month working for Arvato Financial Solutions, who provide debt collecting services

Wales Online

Grid-scale battery switched on, increasing energy security during transition

Located in Beard, the battery has enough storage to power approximately 3000 homes for two hours.

The Canberra Times

Shared strategy for North Sea renewables signed up to by UK after Brexit loss

MoU signed with key stakeholders for collaboration across vital energy zone as NSTA sets up carbon capture team

Birmingham Post

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Economy may grow 4% on tourism - minister

Thailand's economy could grow as much as 4% this year, which would be the fastest rate in five years, bolstered by a rebound in the tourism sector and increased domestic consumption, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on Wednesday.

Bangkok Post

Nearly one million households will be able to apply for £400 energy bill help later this month

The application portal for the one-off lump sum is now expected to open by February 27, 2023.

Daily Record

Congress tightens U.S. manufacturing rules after battery technology ends up in China

The Department of Energy allowed a taxpayer-funded breakthrough in batteries to transfer overseas with little oversight

WEKU

QatarEnergy Replaces Russian Company in Lebanon Gas Exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…

Asharq Al-Awsat

Survey to support new energy jobs, regions

A new survey is mapping the workforce implications of electrification, with 60,000 clean energy jobs expected to be created by 2025 - mostly in the regions.

AAP

Big battery for Brandy Hill

UK-based renewable energy developer RES has unveiled plans to build a 250 megawatt battery at Brandy Hill near Seaham.

Newcastle Herald

New £400 one-off energy bill funding details as application portal gears up to open

The application portal is due to open in January 2023

Nottingham Post

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Tribune News Service

House GOP aims to tie oil reserve sales to public land drilling

WASHINGTON — The House on Wednesday may begin consideration of a bill that would alter the president’s authority to tap the Strategic Petroleum Reserve. President Joe Biden has said he would veto it.

Daily Record

New £400 one-off energy bill help application portal set to open this month until April

The non-repayable lump sum is expected to provide extra financial support to 900,000 homes this winter.

Roll Call

House GOP aims to tie oil reserve sales to public land drilling - Roll Call

The House is expected to consider legislation that would limit sales from the Strategic Petroleum Reserve.

Bangkok Post

The struggle in harnessing power prices

Following protests from the business community, the Energy Regulatory Commission (ERC) reduced its planned hike to the power tariff for companies to 13%, down from 20.5%, but entrepreneurs say they cannot maintain product prices at these rates.

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The Independent UK

Pakistan's energy chief defends govt after power outage over

Pakistan’s energy minister is defending the government following a major, daylong power outage that disrupted normal life across the country the previous day

The Independent UK

Lights out in Pakistan as energy-saving move backfires

Officials say much of Pakistan was struck by a power outage as an energy-saving measure by the government backfired

Asharq Al-Awsat

Lights Out in Pakistan as Energy-Saving Move Backfires

Much of Pakistan was left without power for several hours on Monday morning as an energy-saving measure by the government backfired. The outage spread panic and raised questions about the cash-strapped government’s handling of the crisis. Electricity was turned off across the country during low usage hours overnight to conserve…

Daily Mirror

Rishi Sunak urged to scrap energy price cap rise as UK has world's highest electric bills

The increase will see the typical dual user paying £500 more a year than the £2,500 they do now even though wholesale prices are falling.

Wales Online

Energy customers to start receiving £200 cash payment within weeks

People who live off-grid or heat their homes using alternative methods are still waiting for government help

ABC News

Energy Minister Chris Bowen says price cap is having an impact on reducing energy prices

Energy Minister Chris Bowen defends the government's energy relief plan, issuing new figures that show a drop in forecast wholesale electricity prices for 2023.

Asharq Al-Awsat

Ukraine Says Situation Deteriorating at Zaporizhzhia Nuclear Plant

Ukraine's energy minister said on Friday the situation at the Russian-held Zaporizhzhia nuclear power station was deteriorating because of the psychological state of its Ukrainian staff and the condition of equipment. The Ukrainian staff have remained at the plant in southeastern Ukraine since Russian forces captured it last March, soon…

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