UKRenewable UK CEO urges Miliband to restart North Sea drillingThe UK’s wind farm trade body has called on Ed Miliband to “take energy out of the culture wars” by increasing North Sea production. EDF: energy bills will be £300 higher for at least a yearHousehold energy bills will be up to £300 higher for at least the next year, Britain’s biggest power generator has suggested. EDF said it expected Ofgem’s annualised price cap to rise to more than £1,900 through this autumn and winter. Germany, France and the Netherlands’ gas storage facilities are at historic lows, meaning those nations will be desperate to refill through the summer and probably accept premium prices. Ithaca Energy: Miliband is preventing us from producing 1 million barrels a day by the autumnBritain's largest oil field, Rosebank, could be producing millions of barrels a day by the autumn if Ed Miliband gives a green light to its plans. Miliband advises pubs to serve warmer beerMiliband’s new advice to pubs barely surviving is to switch off their fridges overnight, serve warmer beer and turn off ovens. Helm: the UK faces a deep industrial electricity price crisisOxford University’s Dieter Helm has said that restoring industrial competitiveness requires structural reform of electricity pricing, not short-term fixes. He is calling for three shifts: charging industry based on long-run system costs rather than full network costs; moving away from gas-set prices to a capacity-based “equivalent firm power” model that accounts for intermittency; and indexing carbon prices inversely to oil and gas to stabilise costs. Alongside expanded gas storage and long-term North Sea supply, this would deliver predictable, competitive energy prices for both existing and future industries. Rolls Royce scraps its 2030 electric targetRolls-Royce Motor Cars has abandoned its ambition to become a fully electric brand by 2030, marking a significant shift in strategy as the global transition to electric vehicles shows signs of slowing at the very top end of the automotive market.
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