News
News
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German Government to acquire 30% of Uniper
Uniper has today announced it has agreed to a €15 billion (£12.7bn) “rescue package” with the German Government which will take a 30% share in the company. A few days ago, the company said it had drawn up its €2 billion (£1.7bn) credit facility with kfW banking group. The company said the step has been […]
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Council consults on rebirth of coal power station site after its shutdown
Residents in Nottinghamshire are invited to have their say on regeneration plans for the Ratcliffe on Soar power station site. Rushcliffe Borough Council has announced it has finalised a draft Local Development Order (LDO) to give the green light to new green projects that could replace the power plant. The power station, owned by Uniper, […]
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Sizewell C ‘a step forward’ for energy supply and reliability
The Sizewell C nuclear project can represent a step forward for energy supply, reliability and keep sustainability targets in sight. That’s the suggestion of research by Bayes Business School, which welcomes the nuclear power station in East Anglia receiving the green light. The £20 billion project will offer a different source of energy in the […]
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‘You shouldn’t be paying more than £1.65 for your petrol’
Drivers shouldn’t be paying more than £1.65 per litre for their petrol and £1.75 per litre for their diesel – but some stations are charging more than £2. That’s according to FairFuelUK, which has revealed that forecourts are making far more on the wholesale price of fuel than they should be. Between 2016 to 2019 […]
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Government backs space tech to fight climate change
The government will make £3 million available to boost space-based solar technology. This will use the Sun’s energy to power solar panels orbiting the Earth; the clean energy is then beamed back down, without being impacted by weather. Funding will also be provided to technology that monitors weather from orbit, providing more accurate readings and […]
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Next PM must take net zero ‘by the scruff of the neck’, say Lords
The UK’s next Prime Minister need to take net zero plans “by the scruff of the neck” say a House of Lords committee. The Economic Affairs Committee stresses that a detailed plan needs to be in place for how the country is to hit net zero by 2050, including investments and short-term targets. The government’s […]
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High Court rules government net zero aim falls short of the mark
The government’s net zero by 2050 strategy has been ruled to breach obligations under the Climate Change Act by the High Court. This is due to a lack of detail on how the target will be met, with the government instructed to bring a new report to Parliament. For June’s carbon budget, it was found […]
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Total cutoff of Russian a likely scenario, says EU chief
The European Commission has today proposed that all European countries need to save around 15% of their annual gas consumption. Ursula von der Leyen, President of the European Commission said: “EU countries should do their best now to save 15% of annual gas consumption until next spring. “We are providing guidance to do that in […]
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Government opens fund to boost domestic nuclear fuel production
A £75 million government fund has opened today to boost the domestic production of nuclear fuel. The Nuclear Fuel Fund aims to award grants to projects that can increase the UK’s domestic nuclear fuel sector, reducing the need for foreign imports. From today interested businesses can register in applying for funding, with the scheme opening […]
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UK’s automotive carbon footprint fell by 11% in 2021
Last year, the carbon footprint of the UK’s automotive industry dropped by 11.2% – the lowest level since records began. That’s according to the Society of Motor Manufacturers and Traders (SMMT)’s Sustainability Report. It revealed that 81,095 tonnes less of carbon was emitted in 2021 than in 2020 – which is the same impact as […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas