News
News
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MPs urge winter energy bill help for households
A cross-party committee of MPs has issued a pressing appeal to the UK government, energy regulator Ofgem and energy suppliers, urging them to take swift action to assist vulnerable households as winter draws near. The call to action follows a report released by the Energy Security and Net Zero (ESNZ) Committee, which conducted a rapid […]
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Subsea cable failures pose global threat to offshore wind
The race to harness offshore wind energy has hit a significant roadblock, with the reliability of subsea cables emerging as a critical concern. As the world’s ambitions to transition to cleaner energy sources gain momentum, the underwater cables responsible for transmitting electricity from offshore wind farms to the grid are proving to be a weak […]
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Royal opening marks Aberdeen Harbour expansion
Today, Her Royal Highness The Princess Royal officially opened the £420 million expansion of Aberdeen South Harbour. This development is expected to have a significant impact on the economy of Scotland. Independent analysis predicts that the expanded Port of Aberdeen will contribute £2.4 billion to Gross Value Added (GVA) and support 17,500 jobs, marking a […]
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UK launches discounted training for low carbon heating and insulation
The government has today introduced new training programmes to help people learn about low carbon heating and insulation. These programmes are designed to help the country reduce its carbon emissions and create jobs. The Home Decarbonisation Skills Training programme will offer affordable courses all over England. These courses will be taught by certified trainers, including […]
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Prime Minister’s announcement dents energy sector confidence
Nearly 75% of professionals and businesses in the decentralised energy sector have reported a substantial decline in confidence following the Prime Minister’s speech. That’s according to a new survey by the Association for Decentralised Energy (ADE), which suggests just 20% of the 250-strong audience of ADE’s annual conference remained unaffected. Nearly 5% claimed that the […]
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Flagship Energy’s Tejal Shah Energy Markets Update – 20th September 2023
What’s happening in the markets and why? Whilst the gas market keenly awaits on further news from Australian LNG strikes, the focus so far this week has been on Norwegian maintenance. Late yesterday afternoon, Gassco announced once again further delays to the return of Troll, pushing prices higher and reversing losses seen on Monday. With […]
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Net Hero Podcast – Green business isn’t new!
On the day we hear of possible U-turns on the petrol and diesel phase out date, our podcast this week explores exactly this issue, is it policy or business that drives change. My guest for this episode is Julia Hailes, an environmental campaigner for more than 40 years, who first decided business was going to need to […]
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Octopus powers up with major wind farm investment
Octopus Energy‘s generation arm has announced a major investment in one of continental Europe’s largest wind farms. The Borssele III IV wind farm, located in the Dutch North Sea, boasts a substantial capacity of 732 MW and comprises 77 turbines, with the most powerful ones in Octopus’s portfolio, each towering as tall as London’s iconic […]
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Dutch Government to compensate RWE €331.8m for coal cap
The Dutch government has committed to compensating Germany‘s energy giant, RWE, to the tune of €331.8 million (£285m). RWE will receive the payout as compensation for the income it lost during 2022-2024 when the government imposed a cap on coal production, restricting them to only 35% of their capacity. In a letter addressed to the […]
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Sizewell C launches private investment process
Private investors are being invited to participate in the Sizewell C nuclear power station project. The project, featuring two of the world’s most potent nuclear reactors, is predicted to deliver energy to approximately six million households over the course of six decades. During peak construction, the initiative is expected to support a workforce of 10,000 […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas