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The CRC energy efficiency scheme will pit public and private sector firms against one other to make the greatest savings on power bills.

Mainland Britain could face power shortages in the years ahead, according to the energy regulator, Ofgem.

Fears that some businesses could lose energy supplies because of the failure to get credit insurance cover has led to a "summit" meeting to try to avoid a crisis.

Electricity suppliers have been threatened with a Competition Commission investigation unless they ease demands for substantial deposits from both big and small customers as part of tougher contracts.

Theo Paphitis and the Carbon Trust launch scrappage scheme for power-guzzling equipment. The initiative aims to help businesses to replace the old with new.  It provides expert guidance, plus financial support in the form of £100m in interest free funding, which can be paid back through the energy savings the new equipment delivers.