But the fall in prices since the deal means the Treasury got back £1.2billion, rather than a possible £4billion loss.
While Shell has made bumper profits on the back of higher energy prices, its household arm has been loss-making and no longer considered a priority by new boss Wael Sawan.It currently supplies 1.4million
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK’s Energy Profits Levy Dents Harbour Energy’s EarningsHarbour Energy reports a loss of $8m for the first half of the year, affected by the UK's increased windfall tax and plummeting fossil fuel prices.
Source: OilandEnergy - 🏆 34. / 68 Read more »
Major update over future of energy supplier with over 1million customersTHERE’S a major update about the future of a big energy supplier with more than one million customers. Octopus Energy is understood to be the front runner to buy Shell’s domestic energy…
Source: TheSun - 🏆 64. / 61 Read more »
Why Ofgem energy price cap has decreased and what it means for gas and electric billsThe energy price cap is the maximum amount energy suppliers can charge you for each unit of energy if you’re on a standard variable tariff
Source: i newspaper - 🏆 8. / 89 Read more »
UK Energy Bills To Stay Elevated Until 2030, Predicts Cornwall InsightDespite Ofgem's minor reduction in the energy price cap, Brits will face high winter energy bills, and critics argue for more support and renewable energy efforts.
Source: OilandEnergy - 🏆 34. / 68 Read more »
UK’s biggest oil and gas producer Harbour Energy reports £337m profitThe company produces more oil and gas from the UK’s North Sea than any other company.
Source: Observer_Owl - 🏆 18. / 72 Read more »
UK’s biggest oil and gas producer Harbour Energy reports £337m profitThe company produces more oil and gas from the UK’s North Sea than any other company.
Source: Glasgow_Times - 🏆 76. / 59 Read more »