Oil hits 11 year low



Brent Crude Oil on Monday fell to its lowest price since July 2004 when it sank to $36.05 a barrel. The huge amount of oversupply on the market is causing the price to fall, with experts predicting that we could see prices close to $20 a barrel before it starts to recover, causing a huge headache for the oil industry but a huge relief to consumers at the pumps who can now purchase petrol for under £1 a litre for the first time since 2008.

Clean air zones to be set up in five UK cities

Clean air zones will be set up in Birmingham, Nottingham, Leeds, Southampton and Derby under plans to cut carbon emissions. The new plans will discourage heavily polluting diesel vehicles such as buses, taxis and lorries from entering the city centres. Park and rides schemes will be implemented, as well as increased infrastructure for electric vehicles and cleaner fuels.

UK Government to cut subsidies for solar panels

The UK Government has announced that they will be cutting subsidies for solar electricity panels by 64%. The cut has been reduced from the original plans to cut the subsidies by 87% after they came under a lot of criticism.

The solar sector has spoken out against the cuts, claiming that they are being forced to go out on their own before they are ready. However the Government energy secretary Amber Rudd has said that consumers shouldn’t be paying the same amount towards subsidies when the price of the technology has gone down.

New nuclear fusion hopes after successful experiment


A successful experiment in Germany has used nuclear fusion to produce a cloud of helium plasma that reached 1 million degrees Celsius. Nuclear fusion is what creates the Sun’s energy source, and scientist have long believed that unlocking the energy source will create unlimited clean energy.

UK pledge to push for zero emission cars at the COP21 Conference

The UK Government have said at the COP21 Conference that they will support the push for zero emission cars. They now join countries such as Germany and Holland in the push, with a target of 2050 to make all passenger vehicles zero emission.

How does the governments spending review affect the energy industry?

George Osbourne has pledged that the conservative government will be investing in energy infrastructure over the next four years during his spending review. However, he also confirmed that the Department of Energy and Climate Change (DECC) will see a 22% cut to its budget, a move that has been strongly criticised.


Petrol prices set to fall below £1 per litre

The RAC has announced that there is a big chance that petrol prices will fall below £1 for the first time in 6 years. This comes after a recent drop in wholesale fuel prices which could pass on a 2p per litre saving to consumers.

Since 2009 the price of petrol has been above £1 per litre and it actually rose to record prices of £1.41 in April 2012. The price of petrol is something which affects consumers and businesses throughout the country, with fuel being such a big expense in everyone’s budget.

Scotland set to miss 100% renewables target

Scotland are set to announce that they will miss the target to generate 100% of their electricity from renewable sources by 2020. The renewable energy industry in Scotland is a huge part of the economy accounting for around 21,000 jobs and delivering almost £1 billion of capital investment each year.

What next for diesel?


Diesel cars have had a really hard time in the media lately, with talks of increased taxes, city centre bans and extra congestion charges diesel drivers will be starting to worry. This recent criticism all began with the VW scandal where it was announced that their cars are not as eco friendly as they claim.

What’s wrong with diesel?

Financial giant to invest $150 billion in clean energy

Financial giant Goldman Sachs has announced that it is planning on investing $150 billion in projects such as solar farms, wind farms and upgrading buildings so they are more energy efficient. The target for Goldman Sachs is to invest this money by 2025, which follows their previous target of investing $40 billion into clean energy by 2012.