News
News
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While prices dial back and important announcements are made on power generation resilience, challenges remain for energy buyers
In this episode you will learn: Power generation sees resilience returning to the market, even with wind dropping Government makes an important announcement on investment into small modular reactor market Convergence with EU market as the fledging UK carbon market evolves Gas and LNG comfortable for now, while demand is slightly above average and Russian […]
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PPAs – why are they becoming so important?
In the last five years there has been a 750% increase in companies entering into renewable PPAs, and some 19.5GW of clean energy contracts were signed by more than 100 corporations in 2019. But what is a PPA and why should you care? The negotiation of Corporate PPAs can be complex. Ensuring you understand the […]
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Four of the biggest car makers absent from COP26 agreement
Four of the world’s largest car manufacturers have not signed a pledge made at COP26 to only sell zero-emission cars and vans by 2035. These are Volkswagen, Toyota, Renault-Nissan and Hyundai-Kia. The two largest car markets globally – China and the US – also failed to sign the agreement, although did reveal an unlikely partnership […]
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Less than half of Brits care about what’s going on at COP26
Although COP26 has been at the forefront of news coverage for the past fortnight, less than half of the country are actually listening. That’s according to a new study by Ipsos MORI, revealing that only 46% of Brits are actually following news about the Glasgow climate summit at all, with only 9% stating they are […]
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Five energy suppliers ordered to pay £575k in FiT fees
Ofgem has today issued provisional orders for five energy suppliers to pay £575,000 for Feed-In Tariff (FiT) scheme. The scheme. which is funded by compulsory levies on suppliers, provides payments to owners of small-scale renewable energy generators. The regulator said the firms failed to make payment by the second quarter deadline of 10th November. A […]
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Tesla’s Elon Musk sells 10% of his share after Twitter poll
Tesla boss Elon Musk has sold £3.7 billion of shares in the company. That follows a Twitter poll he ran asking people if he should sell 10% of his holding in the electric vehicle manufacturer. He said: “Much is made lately of unrealised gains being a means of tax avoidance, so I propose selling 10% […]
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Crown Estate to unlock 4GW of floating offshore wind in Celtic Sea
Crown Estate has today unveiled plans to unlock up to 4GW of new floating offshore wind capacity in the Celtic Sea. The new leasing process is forecast to deliver enough new capacity to provide renewable energy for almost four million homes. The new plans will focus on two project categories – early-commercial scale projects of […]
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COP26: Is fusion energy the future of the low carbon world?
Scientists and engineers from around the world today will speak to world leaders at the COP26 climate summit on the plausibility of fusion energy to cut carbon and meet net zero. Fusion is the process that powers both the Sun and stars and offers an almost infinite low carbon energy source in the long term, […]
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COP26 Live: Low carbon short-haul flights jet off!
A group of 20 airlines has today committed to flying more sustainably in the future in a bid to minimise the sector’s carbon footprint. The commitment made by companies, including easyJet, Air New Zealand, Air Nostrum, Alaska Airlines, Finistair, Icelandair will see nearly 30% of the aircraft serving shorter-range routes to be electric or hydrogen-powered. […]
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COP26 Live: ENA calls for wider collaboration for ‘seismic shift’ to zero emission vehicles
The Energy Networks Association (ENA) has called for wider collaboration between government and industry to help in the delivery of green transport pledges. Earlier today, as the COP26 climate summit talks about transport decarbonisation policies, the government unveiled plans for all new vehicles, including heavy goods vehicles (HGVs) to be zero emissions by 2040. In […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas