energy sector

UK Launches Europe’s First Next-Gen Nuclear Fuel Production Plan To End Russian Fuel Dominance

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The UK is fueling new competition in the global energy market by investing in high-tech nuclear fuel development which will counter Putin’s dominance. On January 7, the Department for Energy Security and Net Zero announced a £300 million investment to support domestic nuclear fuel generation which would be used to power next-generation nuclear reactors across … Read more

Ofgem Proposes Energy Price Cap Adjustment to Tackle £3 Billion Debt Crisis

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In a bid to alleviate the energy industry’s staggering £3 billion debt accumulated from unpaid gas and electricity bills, the Office of Gas and Electricity Markets (Ofgem), the industry regulator, has unveiled plans to lift the energy price cap. This unprecedented move aims to assist suppliers in recovering from the financial fallout of the energy-driven … Read more