UK energy may need £900 Bn to reach Net Zero; NatWest & Boston Group
More than £900 billion in new spending may be required to get Britain’s power supply networks to Net Zero by mid-century, a leading renewables...
Ofgem convenes English mayors in quest of better local grid planning
Seven Metro Mayors and leaders of major English cities were among civic chiefs convened by Ofgem’s CEO Jonathan Brearley in a bid to spur...
‘More Brits worry this winter about energy bills’, as EdF pours £103 million more...
Research conducted by energy supplier EdF concludes that Brits are even more anxious about paying energy gas bills this winter than last.
Among 2,000 homes...
Piclo flexes to the Max, plans global trades for 2024
Trading platform provider Piclo is readying for launch a product that will enable its clients to trade flexibility capacity on global markets.
Starting in the...
Ofgem lifts price cap 5% to £1,928, blames wholesale market instability
Britain’s energy regulator confirmed market expectations this morning by increasing the dual fuel price cap with effect from January to £1,928 per year for...
Buy British to boost nuclear generation, and revive Wylfa, MPs urge
Britain’s nuclear expansion must be sourced from home-based suppliers, and must include reviving north Wales’ defunct Wylfa station, an industry-backed panel of MPs advocates...
Octopus’ ‘heavenly wind’ to fan £3 Billion into Europe’s offshore turbines
The generation arm of internationally expanding Octopus Energy today announced its first ever dedicated investment drive focused on offshore wind, primed with capital from...
D-ESNZ pushes 2024’s CfD caps higher in quest of renewables boost
The government today confirmed increases of 50 per cent and higher in Contract for Difference ceiling prices offered to next year’s projects bidding to...
Sunak’s carbon capture policy ‘deepens fossil gas reliance’; IEEFA report
The UK government’s £20 billion pot of incentives for carbon capture projects disproportionately supports extraction of gas-derived ‘blue’ hydrogen, increasing long-term reliance on the...
Off to a flying start: the SMR competition spelling early success for Great British...
by Vince Zabielski, Partner, Pillsbury
Following the government announcement that six firms have passed the first stage of the UK’s flagship competition to build small...
Holyrood bets £9m on Morocco power line, primes 900 Hunterston jobs
Scotland’s part was confirmed today in high private sector ambitions to pump low carbon Moroccan wind- and solar-derived electricity to Britain under thousands of...
Government’s wavering snags flex markets & thus Net Zero, REA concludes
Compared to our European neighbours, the UK has some of the most ambitious energy targets this decade, but faces almost unrivalled problems in reaching...
Charles booed by eco-protesters, as King’s Speech confirms bill to pump more fossil fuels
King Charles was reportedly booed by environmentalists as he and Camilla, the queen-consort left Parliament this morning after he delivered the King’s Speech.
Confirmed in...
Britain & Germany ink accord on renewables & de-carbing buildings
Energy leaders of Europe’s two biggest economies have pledged to share knowledge on expanding renewable power and pushing harder to strip carbon from factories...
Cornwall: 15 more months of price cap pain
The Israel-Hamas conflict, strikes at an LNG conversion plant in Australia & disruptions to the Finnish Balticonnector are among causes set to keep predicted...
Mark McAllister confirmed as new Ofgem chair
Britain's top nuclear scrutineer Mark McAllister was today confirmed as the incoming chair of energy regulator Ofgem, following endorsement by Parliament’s energy select committee.
Currently...
27 new licences to be awarded for N Sea fossil fuels. Green groups react...
Environmental organisations have slammed news that Britain’s oil licencing body is sifting through 115 applications to dig more hydrocarbons out of the North Sea...
Elexon runs scheme to save PPM customers £40 per year
A programme calculated to save the average household feeding a pre-payment electricity meter (PPM) the princely sum of £40 per year has been launched...
Green energy chiefs hail new Energy Act reforms
Britain’s biggest group lobbying for low carbon power has welcomed the passing into law of the nation’s biggest shake up for a generation in...
50GW target for offshore wind this decade ‘will be missed’, Cornwall warns
The government will likely miss its goal for 50GW of offshore wind capacity operating by 2030, new calculations from respected consultants Cornwall Insight predict. ...