Al Gore’s fund buys 13% of Octopus Energy
An investment fund founded by former US vice president Al Gore has paid the equivalent of £483 million to take a 13% stake in...
Shell Energy to take over failed Green’s clients, as Octopus embraces Avro
Ofgem today announced it has struck deals with two big energy retailers willing to take over the customers of collapsed suppliers Avro and Green...
Developer Renewco launches with SSE’s blessing
A new clean power developer launched this week in Edinburgh, buoyed with £ 24 million worth of backing from industry giant SSE.
Renewco Power, co-led...
Ecotricity advances acceptance date in Good Energy takeover battle
Green power entrepreneur Dale Vince today brought forward a decision deadline for investors in rival supplier Good Energy, in a move seen by some...
“Strip out gas to clean grid by 2035” – 13 big firms to Kwarteng
Major corporate energy users Thames Water, BT and the Co-op are among thirteen big employers today calling for 100% decarbonisation of Britain’s power by...
Drax targets 80% British sourcing of ‘world’s biggest’ BECCS project
Pellet-burning behemoth Drax is offering British suppliers the chance of contracts it values at ‘hundreds of millions of pounds’, in its bid to build...
CRISIS LATEST: BEIS mulls windfall tax for gas profiteers. Two suppliers quit. Analysts warn...
Turmoil in the prices paid for Britain’s wholesale and retail gas is likely to continue deep into 2022, a leading analysis firm predicted today,...
France link blaze cuts 1GW, pushes UK prices to record highs
Yesterday’s fire in Kent affecting IFA1, the UK’s biggest cross-border interconnector, has sent power prices to record highs, with 1GW remaining off the market,...
Good Energy battle heats up, as Ecotricity raises offer 18% to £4.00 per share
The takeover battle between Britain’s two oldest ‘pure’ green power pioneers intensified at lunchtime today (Thursday 16th), as Dale Vince’s Ecotricity raised its bid...
Green gas primes jobs bonanza, Energy Networks Association promises
Hydrogen projects now on or approaching Britain’s drawing boards could create at least 17,000 high-tech jobs in the nation’s industrial heartlands, research published this...
Good Energy: Half good, but chiefly better
Takeover target Good Energy looks to be sailing untroubled through the unwanted attentions of rival Ecotricity, posting strong financial results today for the half...
Haven Power changes its name to Drax
B2B renewable energy supplier Haven Power is changing its name to Drax. Haven Power is one of the UK’s biggest renewable energy suppliers to businesses...
Carbon intensity at 181 gCO2/KWh across August’s grid, as power prices break records
Low power demand, CCGT outages and increased availability of French nuke-sourced imports push carbon intensity to a near-record low for electricity last month, National...
Imports at ‘record levels’ on August 20, but inflows won’t last: EnAppSys
Britain hit a new electricity import record late last month, according to analysts at EnAppSys. On Friday 20 August at 12:20 hours, net interconnector...
CMA formally approves National Grid’s purchase of WPD
National Grid’s £7.8 billion acquisition of Britain’s largest electricity distribution business has won formal approval from the competition watchdog.
The Competition and Markets Authority announced...
ESB takes 75% control of So Energy
Irish state-owned electricity provider ESB has acquired a controlling 75% stake in rising energy supplier So Energy.
The So Energy brand will be retained and its...
8GW of onshore wind and solar ‘eligible for upcoming CfD round’, say analysts
Respected energy soothsayers Cornwall Insight reckon that fattening pipelines of imminently delivered onshore wind and newly commissioned solar farms stand to add 8GW of...
Generators fined £6 million for faulty supply stats
Ofgem has fined two related power companies a combined £6 million for submitting inaccurate data on energy supply, thereby breaching rules on manipulating wholesale...
EDF’s 12% hike leads suppliers’ response to Ofgem lifting price cap
EDF has leapt first at the starting gun fired for energy retailers two weeks ago, when Ofgem lifted its cap on regulated home tariffs..
The...
Worth the wait? Government’s hydrogen strategy underwhelms industry
‘Twin-tracking’ expansion of hydrogen’s varieties sourced with and without methane can lift Britain’s generation capacity to 5GW by 2030, create 9,000 jobs, and lay...