Topic filter : Energy Cost

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.... But Tom Wintle, deputy director at the business department, said they had to provide affordable power. “SMRs will need to deliver energy cost-competitively if they are to play a part in the UK’s future energy mix. ... [Read full article on Guardian ]
Tuesday 2nd of May 2017 10:58:50 AM
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Monday 8th of May 2017 09:51:56 PM
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....Energy prices and the overcharging of millions of customers have risen up the political agenda in recent months, driven by five of the big six companies raising prices. Ministers have promised “strong and muscular” action to rein in energy costs and the Conservatives have promised to cap standard tariffs, which could save millions of families £100 if they are re-elected in June. ... [Read full article on Guardian ]
Monday 8th of May 2017 07:52:55 AM
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....Recent surveys have shown consumers devoting a bigger slice of their weekly shopping budget to essential items in response to increasing prices by a wide range of retailers. Theresa May has pledged to cap energy costs to boost disposable incomes, while Jeremy Corbyn wants to intervene in the housing market to reduce the escalating cost of buying a home and monthly rental costs. ... [Read full article on Guardian ]
Wednesday 10th of May 2017 04:57:33 AM
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.... . But inflationary pressures also "remain subdued", with prices largely only going up earlier this year because of higher energy costs, he said. ... [Read full article on BBC ]
Thursday 27th of April 2017 12:21:29 PM
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....Under this system, the CMA has come up with an initial maximum figure for prices in each region of the UK, usually in line with the cheapest existing ppm tariff. That number is adjusted every six months, taking into account wholesale energy costs, inflation, environmental obligations and the cost of transporting energy around the network. ... [Read full article on BBC ]
Monday 24th of April 2017 11:52:31 AM
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....Although the retail business modestly increased customer numbers to 5. 5 million, earnings dropped to £81m, which the company blamed on increases in non-energy costs and mild weather. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 02:52:40 PM
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Latest Finance News related to Energy Cost

UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....Recent surveys have shown consumers devoting a bigger slice of their weekly shopping budget to essential items in response to increasing prices by a wide range of retailers. Theresa May has pledged to cap energy costs to boost disposable incomes, while Jeremy Corbyn wants to intervene in the housing market to reduce the escalating cost of buying a home and monthly rental costs. ...
What's our cut? Energy firm lets customers see profit margins image
Source : Guardian [Read Article] Monday 8th of May 2017 07:52:55 AM
....Energy prices and the overcharging of millions of customers have risen up the political agenda in recent months, driven by five of the big six companies raising prices. Ministers have promised “strong and muscular” action to rein in energy costs and the Conservatives have promised to cap standard tariffs, which could save millions of families £100 if they are re-elected in June. ...
Alarm sounded over delays to develop UK mini nuclear reactors image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 10:58:50 AM
.... But Tom Wintle, deputy director at the business department, said they had to provide affordable power. “SMRs will need to deliver energy cost-competitively if they are to play a part in the UK’s future energy mix. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
.... . But inflationary pressures also "remain subdued", with prices largely only going up earlier this year because of higher energy costs, he said. ...
Car insurance model will not help energy market, says charity image
Source : Guardian [Read Article] Wednesday 26th of April 2017 02:52:40 PM
....Although the retail business modestly increased customer numbers to 5. 5 million, earnings dropped to £81m, which the company blamed on increases in non-energy costs and mild weather. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
....Under this system, the CMA has come up with an initial maximum figure for prices in each region of the UK, usually in line with the cheapest existing ppm tariff. That number is adjusted every six months, taking into account wholesale energy costs, inflation, environmental obligations and the cost of transporting energy around the network. ...
Big six energy firms braced for government price crackdown image
Source : Guardian [Read Article] Monday 17th of April 2017 03:43:01 PM
.... All but Centrica-owned British Gas have upped their prices, with EDF last week announcing its second rise this winter. The suppliers have blamed a series of factors, from smart meter installation costs and green energy policies to, most frequently, rising wholesale energy costs. ...
Millions of EDF customers face second price rise this year image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:36:37 AM
....” The government’s plans are expected to be published later this month. EDF blamed the increase on rising wholesale energy costs and government policies that have to be paid for by consumer bills, which include schemes to alleviate fuel poverty and support low carbon power. ...
Clean sailing image
Source : BBC [Read Article] Monday 3rd of April 2017 11:00:18 PM
....Long-distance ferries are not well suited to electrification, but about 70% of Norway's ferries cover relatively short crossings, so switching to electric power would pay for itself in a few years, according to the report. Each ferry would save about a million litres of diesel per year, helping to reduce energy costs by 60% or more, says Odd Moen, head of sales at Siemens' marine division. ...
Chemicals giant Ineos leads industry lobbying to avoid green tax image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Another policy long in the group’s sights is the UK’s carbon floor price, a carbon tax on electricity generators. The partnership and Ineos want to see it abolished in a bid to cut energy costs passed on to the chemicals sector. ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
....However, other factors were involved in the net increase. The committee also calculated that rising wholesale energy costs and other issues will add more than £200 a year to bills, while an ongoing switch to more energy-efficient appliances and gadgets is expected to save £150. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
.... "It's a very high price that is being paid [for renewables]," said Lord Hollick, the committee chair. The climate committee said this analysis was unfair because it wrongly blamed renewables for rises in wholesale energy costs between 2004-2008. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
.... One is that fuel prices have gone up sharply in dollar terms since Opec’s decision to restrain oil production last November. This has pushed up energy costs and prices at petrol pumps. ...
E.On to raise gas and electricity prices in April image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:24:37 AM
....On blamed the social and environmental schemes which support renewable energy, but which customers have to pay for through their bills. Wholesale energy costs had actually come down, it said, thanks to its hedging policy. ...
Inflation returns to Japan for the first time in more than a year image
Source : Guardian [Read Article] Friday 3rd of March 2017 04:43:07 AM
. Japan’s core consumer prices have risen for the first time in over a year thanks to a pickup in energy costs, marking a rare victory in the government’s long battle against deflation. ...
High energy bills here to stay but jobs heading overseas, industry group warns image
. The “staggering” increase in energy costs faced by households and businesses will continue thanks to rising gas prices, putting jobs in jeopardy, according to the Australian Industry Group. ...
The truth about falling gas prices image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
.... If so, then rather than price falls the average gas bill for EDF customers must surely be rising. In a statement EDF said: “When setting tariff prices, we take into consideration market prices and wholesale and non-energy costs. ...
Theresa May's post-Brexit industrial strategy ducks tough decisions | Nils Pratley image
.... In other words, the subject is too tricky for this document. Some industrialists will find to much to cheer, notably the emphasis on reducing energy costs (though it remains a mystery how that squares with the grotesquely expensive Hinkley Point C nuclear power station). ...
MPs question post-Brexit viability of May's industrial strategy image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:45:43 PM
.... “At the heart of any forward-thinking industrial strategy should have been an unequivocal commitment to phasing out the use of fossil fuels,” she added. The government also promised to publish a long-term “roadmap” this year on keeping down energy costs to businesses. ...
Big six energy suppliers warned not to raise prices any time soon image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:08:21 PM
.... We expect to see Ofgem use this index to monitor suppliers and hold them to account to help protect customers from paying more than they need to for their energy,” said Vickie Sheriff, the consumer group’s director of campaigns and communications. An EDF spokeswoman said: “Our policy of buying electricity ahead of time has protected customers from the more recent volatility in wholesale prices, however non-wholesale energy costs have risen and we have been honest with customers about the future impact on prices, confirming that we are holding off increasing electricity prices until March. ...
Energy bill SHOCK: EDF to HIKE electricity prices by 8.2 per cent image
Source : Daily Express [Read Article] Friday 16th of December 2016 04:40:00 PM
....“With wholesale costs rising, putting further pressure on bills, we have already seen the cheapest deal rise by £126 in the past two months, and the danger is now that the other big six suppliers will follow suit with their own price hikes in the spring. "But customers concerned about the rising cost of energy don’t have to sit back and watch their energy costs soar. ...
EDF to cut gas bills but raise electricity prices image
Source : BBC [Read Article] Friday 16th of December 2016 10:34:35 AM
....After both changes, EDF's dual fuel customers will pay 1. 2% more a year, taking average energy costs to £1,082. ...
Pfizer feels wrath of CMA for overcharging NHS | Nils Pratley image
Source : Guardian [Read Article] Wednesday 7th of December 2016 07:27:43 PM
....But, if the agreement succeeds, Tata should be applauded for its willingness to rethink and negotiate on Port Talbot. It is also fair for Tata to appeal “to other stakeholders such as the UK government” to lend a hand on energy costs for heavy users like the steel industry. ...
Tata Steel makes commitment to secure Port Talbot future image
Source : BBC [Read Article] Wednesday 7th of December 2016 01:13:27 PM
...."The commitments made today by our reps must now be followed by a commitment from the government that they will hold Tata to their word and ensure jobs are protected," he said. Dave Hulse, GMB's national officer, added the unions would "continue to fight for a level playing field for our industry; for action on energy costs, on business rates, and on the dumping of foreign steel". ...
UK fuel poverty to last a lifetime, report says image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:01:33 AM
....“Labour have led the way by calling for caps on energy bills while we fix our broken energy market. David Cameron promised parliament 17 times that he would force energy companies, by law, to put all customers on their cheapest tariff, but still the government are doing nothing to help people with energy costs. ...
Tata set to commit to UK steel for the next decade image
Source : Guardian [Read Article] Friday 25th of November 2016 12:50:54 PM
....Bhattacharyya was talking at a meeting of political and automotive leaders from the Midlands on Thursday evening, which included Greg Clark, the business, energy and industrial strategy secretary. The government has been fiercely criticised for not doing enough to help the steel industry, which has struggled due to mounting energy costs and China dumping cheap steel in Europe, which has driven down prices. ...
Machine food image
Source : BBC [Read Article] Friday 25th of November 2016 12:36:28 AM
....Automation has reduced labour costs by 50%, says Mr Price. And LED lighting developed specifically for plant cultivation reduces energy costs by 30%. ...
Energy bills mislead with phantom savings offers image
Source : BBC [Read Article] Friday 18th of November 2016 10:16:21 PM
....Other leading energy price comparison sites still follow Ofgem's personal projection rules and so, for people already on fixed tariffs, produce inflated savings that will not materialise if people go ahead and switch. In response, Ofgem said: "We believe the method we chose to calculate customers' personal projections was the best method for comparing people's energy costs over the following 12 months. ...
One in three working families struggle to pay energy bills, poll shows image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:01:33 AM
....”. Labour MP Frank Field, who is backing First Utility’s campaign, has written to Theresa May urging her to protect the “vulnerable underbelly of British society”, after she highlighted energy costs in her speech at the Conservative party conference. ...
Prepare for the cold weather and start saving this winter image
Source : Daily Express [Read Article] Wednesday 9th of November 2016 10:06:00 AM
....Ovo Energy says one in five people squanders energy by leaving lights and radiators on in empty rooms. Save energy costs. ...
Smart energy technology 'stymied by current policy' image
Source : Guardian [Read Article] Monday 7th of November 2016 12:01:30 AM
....In a wide-ranging report, Policy Exchange also claimed that current energy policy offered too many incentives to build polluting diesel generator farms at the expense of cleaner technology. The thinktank pointed to an estimate by the government’s National Infrastructure Commission that a smarter, more flexible power grid – which would allow businesses to store power and shift usage to less busy times of day – could reduce energy costs by £8bn by 2030. ...
A three-bed house with £500 energy bills? How you too can slash your costs image
Source : Guardian [Read Article] Saturday 22nd of October 2016 05:59:08 AM
....• Install an energy saving monitor Nothing shows you how much power you are using more than a domestic monitor – you will get one for free when you install a smart meter, or you can buy them for around £25. You soon find out exactly where your cash is going on energy costs. ...
You don't have to shiver to save money on energy bills this winter image
Source : Daily Express [Read Article] Wednesday 12th of October 2016 08:46:00 AM
....”. Rising energy costs will turn up the heat on many household budgets, so you have to take steps to prevent your bills going through the roof. ...
Co-operative Energy leads list of energy suppliers increasing prices image
Source : Guardian [Read Article] Saturday 10th of September 2016 05:59:23 AM
.... Octopus has increased the price of its cheapest fixed deal three times since the start of July. “Many suppliers are increasing the price of their cheapest deals amid concerns about rising wholesale energy costs and uncertainty in the market following the EU referendum,” Osborne says. ...

Scrapping UK carbon capture plan could raise energy costs, says NAO
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Source : Telegraph [Read Article] Wednesday 20th of July 2016 05:00:00 AM
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Related to :
Household energy costs rise again post-Brexit image
Source : Daily Express [Read Article] Wednesday 13th of July 2016 10:58:00 AM
....An astonishing 15 energy suppliers have dumped their cheapest fixed-rate deals in the last month alone and replaced them with a range of more expensive plans. It follows a rise in wholesale energy costs, which recently hit a nine-month high, according to latest figures from ICIS, the independent authority on energy market pricing. ...
Cautious green light for fracking image
Source : BBC [Read Article] Thursday 7th of July 2016 08:32:57 AM
.... . Professor Jim Skea from the committee says with best practice, UK shale gas may have a lower carbon footprint than much of the gas currently imported, which has to be compressed at great energy cost. ...
Steel: government commissions research on how to protect sector image
Source : Guardian [Read Article] Wednesday 8th of June 2016 10:43:57 PM
....Tata is close to a deal with the government to keep its UK business, which would secure 11,000 jobs and the Port Talbot steelworks in Wales. Gareth Stace, director of trade body UK Steel, said: “UK steel producers can compete on quality and cost with the best firms from around the world, but they cannot do so if energy costs are artificially higher and they face unfair competition from dumped steel. ...
Leave Hinkley to the hedgehogs. This debacle needs to be taken in hand image
....That is why the UK government had to make the 35-year contract so generous – struck at almost three times today’s wholesale price. That contract now looks to belong to another era given the subsequent fall in the oil price, and thus energy costs. ...
British workers have discovered the limits of the free market image
Source : Guardian [Read Article] Wednesday 11th of May 2016 01:30:05 PM
.... We thought we were too advanced to have to worry about that. We broke up its capacity, raised its energy costs, we decreased the support for research and development. ...
Tata Steel says seven firms in frame to bid for rest of UK operations image
....Instead it will focus on offers for all of Tata Steel UK, which employs around 12,000 people in Britain when stripping out the part of the business already sold to Greybull. The firms still in the frame are now to be given access to more information about the Tata Steel UK, which has blamed its struggles on the strong pound, cheap steel imports from China, high energy costs and business rates. ...
CBI calls on government to back manufacturing sector strategy image
Source : Guardian [Read Article] Wednesday 4th of May 2016 11:01:35 PM
....Britain’s leading employers’ organisation will tell the government on Thursday that it needs to back a new industrial strategy to halt the decline of manufacturing and spread prosperity to the less well-off parts of the country. Carolyn Fairbairn, the director general of the CBI will strongly criticise the lack of preparedness for the crisis that has engulfed the steel industry as she urges ministers to do more to help in three key areas of weakness: skills, energy costs and spending on research and development. ...
Barkley Plastics flourishes after joining forces with other Midlands manufacturers image
....Barkley also built on those measures by setting up a 15-year machinery replacement policy. “That has helped off-set rising energy costs as the newer machines are more efficient,” he adds. ...
A Port Talbot buyout could transform industrial relations in the UK | Ian Greenwood image
....The Conservative government has stated: “We are doing everything we can for the industry. ” Specific measures under debate include business rates, energy costs, tariffs on imported steel, public procurement, and green taxes. ...
Tata Steel: government offers to part-nationalise UK plants image
Source : Guardian [Read Article] Thursday 21st of April 2016 12:36:01 PM
....5bn needed over 10 years, so a 25% of that is “helpful but quite a way short of what is required”. He said a government grant for a generator with environmental benefits could end saving £20m to £25m on energy costs and end up being just as big a sweetener as the debt and equity. ...
Steelworkers accept 3% pay cut in Tata deal with Greybull Capital image
Source : Guardian [Read Article] Tuesday 19th of April 2016 04:07:37 PM
.... Community officer Steve McCool said it was an extremely difficult decision, but the vote was a “major step forward” towards securing the future of the business. The sale to Greybull is a rare piece of positive news for the industry, which is in crisis because of cheap Chinese imports and other problems such as energy costs. ...
Wholesale energy costs at ten-year low image
Source : BBC [Read Article] Wednesday 13th of April 2016 08:45:22 AM
. Figures showing that wholesale energy costs are at their lowest for a decade have prompted further calls for cuts to household bills. ...
Labour warns there are just 16 weeks to save Tata Steel's UK plants image
Source : Guardian [Read Article] Tuesday 12th of April 2016 07:20:46 PM
.... ‘Oh that’s not good enough, let’s find something else we can make an ask of. ’ We take action on energy costs. ...
Tata Steel to launch sale of UK plants image
Source : BBC [Read Article] Sunday 10th of April 2016 11:14:39 PM
....The steel industry crisis has been driven by falling prices and a global oversupply. In the UK, high energy costs and cheaper Chinese imports have exacerbated the issue. ...
Hammond urges China to cut steel production in bid to save UK plants image
Source : Guardian [Read Article] Saturday 9th of April 2016 10:56:51 AM
....Cheap Chinese steel is one reason why UK-based producers, such as Tata, have found it harder to remain profitable. Higher energy costs in Britain compared with other countries are another factor. ...
Tata board will grant Port Talbot time to find buyer, says Sajid Javid image
Source : Guardian [Read Article] Wednesday 6th of April 2016 07:29:25 PM
....“It raises the question of an industrial strategy for the UK, since steel is the foundation of the manufacturing base of this country and affects many other industries,” he said. Dr Morgan, who is also bishop of the Diocese of Llandaff, which includes Port Talbot, said: “I am not an economist but it is a fact that business rates in the steel industry in the UK are much higher than in other parts of the EU and energy costs per ton of steel made in the UK are more than double those of Germany. ...
Who might rescue Port Talbot? image
Source : Guardian [Read Article] Wednesday 6th of April 2016 03:20:31 PM
.... However, this would lower production capacity and the government and unions are keen to preserve the blast furnaces. In addition, Gupta is thought to want the government to take on Tata’s pension liabilities and provide substantial financial support towards Port Talbot’s energy costs. ...
Tata to begin sale process by Monday image
Source : BBC [Read Article] Tuesday 5th of April 2016 10:59:25 PM
....The steel industry crisis has been driven by falling prices and a global oversupply. In the UK, high energy costs and cheaper Chinese imports have exacerbated the issue. ...
Tata steel crisis calls for cool heads and long-term thinking image
Source : Guardian [Read Article] Tuesday 5th of April 2016 05:57:09 PM
....Conservatorship involves the state taking responsibility for the debt and daily running costs of a troubled company but allowing day-to-day operations to continue under the existing corporate structure. Bailey and Forrest believe this would provide enough breathing space to take action in the five areas that would help steel through its current problems: energy costs; EU emissions regulations; procurement; business rates; and unfair dumping by China. ...
Port Talbot steel crisis: why we can't just blame Brussels image
Source : Guardian [Read Article] Tuesday 5th of April 2016 12:12:31 PM
....But hang on there. Hasn’t the UK government increased business rates ? Hasn’t Germany subsidised heavy industry’s energy costs 40 times more than Britain’s since 2013 (so the FT confirms) and didn’t the UK government decide to set a minimum price for carbon emissions above the EU’s market level? These are all things we have done/not done here, our “sovereign” action as unimpeded as it was when Britain went to war in Iraq. ...
'Substantial support' needed for steel image
Source : BBC [Read Article] Tuesday 5th of April 2016 02:20:51 AM
....He called for temporary public ownership to make time to find a buyer. Mr Jones said it was a "productive" meeting which covered issues such as pensions, energy costs and tariffs. ...
UK government must step up response following Tata crisis, says steel boss image
....The warnings were echoed by Sanz, whose Cardiff-based Celsa UK is part of a larger company with operations across Europe including France and Spain. He said all other European countries had been more effective at cutting energy costs and driving down business rates. ...
British Steel name could return as part of Tata Scunthorpe deal image
Source : Guardian [Read Article] Monday 4th of April 2016 07:57:44 AM
.... Greybull had initially considered buying those plants as well as Scunthorpe. Union leaders are due to meet on Monday to plan their next moves in the battle to save the steel industry, which has been damaged by falling prices, high energy costs and a glut of cheap Chinese steel. ...
Unions urge backing for steel plan image
Source : BBC [Read Article] Monday 4th of April 2016 02:16:09 AM
....A source involved with the Liberty House talks said the company and other potential buyers would regard taking on Tata's pension liabilities as "too big an ask". Mr Javid, under pressure over his handling of the crisis, signalled on Sunday that ministers were working on plans to take on some of the pension liabilities and to reduce energy costs to make a purchase more attractive to investors. ...
Unions meet to discuss growing crisis of steel industry image
Source : Guardian [Read Article] Sunday 3rd of April 2016 11:01:13 PM
....The Daily Telegraph reported that they are ready to pour £400m into the struggling Lincolnshire plant, saving about 9,000 jobs. Business secretary Sajid Javid has signalled ministers are working on plans to reduce energy costs and take on some of the pension liabilities in an effort to attract a buyer for Tata’s loss-making UK assets. ...
Tycoon in talks over Port Talbot sale image
Source : BBC [Read Article] Sunday 3rd of April 2016 04:40:26 PM
....A source close to Mr Gupta said the discussions had not been substantive but he would seek further talks when he flies back to the UK early next week. Government help on energy costs and plant modernisation are issues he wants to discuss, according to the source. ...
Tata steel crisis: UK may offer sweeteners to tempt potential buyers image
Source : Guardian [Read Article] Sunday 3rd of April 2016 10:14:15 AM
. The UK government is prepared to offer help with pension liabilities and energy costs to potential buyers of Tata’s threatened steel plants, Sajid Javid, the business secretary, has said. ...
The dogmas destroying UK steel also inhibit future economic growth | Will Hutton image
.... Rather, the economic behemoth China has monumentally over-invested in steel, for which there is too little domestic demand, and is now flooding world markets. Britain, with a systemically overvalued exchange rate, porous market, high energy costs and ideological refusal to join others in the EU to deter imports dumped below cost with higher tariffs, is uniquely exposed to the threat. ...
State ready to help on steel deal - Javid image
Source : BBC [Read Article] Sunday 3rd of April 2016 03:57:43 AM
....A source close to Mr Gupta said the discussions had not been substantive yet but he would be seeking further talks when he arrives back in the UK early next week. BBC political correspondent Carole Walker said Mr Gupta wanted to discuss possible government help to replace Port Talbot's traditional blast furnaces with modern electric arc furnaces and energy costs. ...
Port Talbot struggles to see a life beyond steel image
Source : Guardian [Read Article] Saturday 2nd of April 2016 03:00:06 PM
.... But the steel produced here has become uneconomical. A cruel combination of slowing demand, high energy costs and knockdown Chinese competition has sent Britain’s steel industry into what many fear is a terminal decline. ...
Tata steel crisis: Cameron defends blocking tariffs as Javid faces workers’ anger image
.... He claimed that he had been unaware that the plans for closure could carry a timetable of “weeks” rather than months. He insisted that the government was helping with a £400m package of compensation on energy costs for the industry, and work on tackling unfair trading practices in the EU. ...
Why is Britain's steel industry in meltdown?  image
Source : Daily Express [Read Article] Friday 1st of April 2016 11:56:00 AM
.... . High UK energy costs have also hampered the country’s steel production, which requires large amounts of energy. ...
Tata Steel: ministers start hunt for buyers for British assets image
Source : Guardian [Read Article] Thursday 31st of March 2016 09:30:00 PM
.... He told the Guardian that Osborne had pushed for China to be granted market economy status – a move that Tata executive Tim Morris recently told MPs was like “sleepwalking” into an even deeper crisis. Chris Hagg, head of external affairs at another steel company, Celsa UK, said he wanted to see more action taken on energy costs. ...
Nationalisation is a red herring. But the state should save steel | Martin Kettle image
.... Permanent nationalisation wouldn’t work and it won’t happen. State action, on the other hand, covers everything from temporary nationalisation of the Tata assets to keep the plants functioning, to loans and guarantees, to aid on business rates, energy costs and end-user contract stipulations. ...
Steel craft workers specialise to survive image
Source : Guardian [Read Article] Thursday 31st of March 2016 06:51:43 PM
.... “So it would be wrong for us to comment on specifics of what is happening in that sector. However, we would all hope for a situation where British manufacturers are given priority for UK infrastructure and engineering projects and are allowed to compete through fair energy costs. ...
What are government's options over Tata Steel and Port Talbot? image
Source : Guardian [Read Article] Thursday 31st of March 2016 01:58:10 PM
....” In addition to the government’s concerns, nationalisation could fall foul of European Union state-aid rules. The three major problems that have led to Tata looking to pull out of the UK are energy costs, the impact of China dumping steel in Europe, and its pension burden. ...

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