David Blair's Blog, page 126

Eon may detail job cuts

German utility declined to comment on a report that it plans to cut 10,000 of its 85,600 employees – a staff reduction of almost 12 per cent

Nuclear energy is 'engineering of the future'

Lord Hutton, formerly Labour's Secretary State for Business, remains intent on wielding influence over government

Labour urges utilities referral after Eon rise

Labour has renewed its call for the UK's "big six" utilities to be referred to the Competition Commission after Eon raised its gas and electricity charges

National Grid seeks 40% revenue increase

Utility group's proposal comes in a business plan that seeks to fund investment of more than £30bn in the UK's electricity and gas networks

Industry protests at climate policy costs

British manufacturers have reached 'tipping point', where jobs and investment will be hit, according to the EEF

Petrobras chief bullish on Brazil oil output

State group says its production forecasts could mirror the early years of the North Sea's growth and reach 6m barrels a day

Fears over energy reform costs to industry

Energy and climate change policies could add 20 per cent to the cost of gas and electricity for energy-intensive manufacturers by 2020, according to the government

British Gas fined £2.5m by regulator

Ofgem imposed its second fine on the energy supplier in less than a month after indentifying a failure to reopen unresolved customer complaints

RWE abandons world's biggest wave energy plan

The German utility pulls out of the Siadar scheme on the Scottish island of Lewis, which had been intended to generate 4MW of electricity from next year onwards

National Grid 'on track' to improve at US arm

Energy group 'on track' to improve performance of US business by removing $200m of costs this financial year