Spirit Energy to cut 100 jobs in Aberdeen amid UK restructure
Up to 100 jobs at risk: Spirit Energy plans to cut around 100 roles in Aberdeen, reducing its workforce from roughly 150 to about 50 as part of a major restructuring. Business split into two entities: The company will separate into a Barrow-based operating business and an Aberdeen-based development arm focused on carbon storage. Aberdeen […]
UK to scrap carbon price support on power generation from 2028
Britain’s Carbon Price Support – currently set at £18 per tonne of CO2 – has been frozen until April 2028 and will then be abolished, exchequer secretary Dan Tomlinson told Parliament. Tomlinson said the levy succeeded in driving coal off the grid; Britain’s last coal‑fired power station closed in 2024, and the government is ramping […]
EU drafts plan to cut electricity taxes and revamp grid charges
A draft European Commission proposal would tax electricity at rates below fossil fuels and allow governments to cut electricity taxes for energy‑intensive industries to zero. The aim is to shield consumers from Iran‑induced price spikes and accelerate electrification. The draft includes a catalogue of energy‑saving investments and low‑carbon technologies, plus a legal requirement for countries […]
Geothermal: Europe’s untapped secure power source
Think tank Ember estimates enhanced geothermal systems could generate up to 301 TWh of electricity annually – about 42 % of the EU’s coal and gas output – at costs below €100/MWh. Modern drilling techniques now make geothermal competitive with gas across much of Europe. A coalition of cleantech investors and industry groups notes that […]
Europe on brink of jet fuel shortages says IEA
Only six weeks of jet fuel left: The International Energy Agency (IEA) estimates Europe has roughly six weeks of jet fuel supply remaining following disruption to oil shipments through the Strait of Hormuz. IEA chief Fatih Birol warned flight cancellations could begin as soon as May if shipments do not resume. Birol expects higher petrol, […]