Hat tip to Claire Coutinho (then Energy Secretary, now Shadow Secretary of State for Energy) and the think tank Onward with modeling by Transira Energy. This article was first published on the Energy News Beat Substack. Britain’s electricity prices rank among the highest in the developed world—frequently the highest for industrial users among IEA countries and […]
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Millions of households and businesses across Great Britain now face the prospect of emergency rotating power cuts with as little as eight hours’ notice. The National Energy System Operator (NESO) has new authority—approved quietly by regulator Ofgem—to initiate large-scale load shedding without requiring emergency government powers under the Electricity Supply Emergency Code. Under the changes […]
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“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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In a move signaling a renewed focus on its core oil and gas operations, BP announced on May 7, 2026, that it plans to sell portions of its equity stakes in two flagship UK carbon capture and storage (CCS) projects in Northern England. The decision comes as both projects—Net Zero Teesside (NZT) Power and the […]
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As recently as April 25, 2026, multiple U.S. states—many of them longtime Democratic strongholds—are quietly scaling back or delaying ambitious climate targets. The driver? Surging energy costs, fading federal support under the current Trump administration, and growing voter pushback over affordability. This retreat, detailed in a timely analysis by OilPrice.com, marks a significant shift from […]
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