News
News
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Shell expects lower earnings from natural gas trading
Shell has announced that its earnings from natural gas trading in the second quarter will be significantly lower compared to the previous quarter. The decline is attributed to seasonal shifts in the market, according to an update provided by Shell ahead of its full results release later this month. In addition to the impact on […]
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Aviation contract awarded for world’s largest offshore wind farm
CHC Helicopter has announced that it has been awarded a contract for the construction of Dogger Bank Offshore Wind Farm. Located in the North Sea, approximately 130 kilometres off the Yorkshire coast, Dogger Bank Wind Farm will comprise three phases: Dogger Bank A, B and C. The ambitious project aims to install 277 wind turbines, […]
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Ofwat grilled over Thames Water’s financial crisis
Ofwat, the water regulator in the UK, faced intense questioning in the House of Lords regarding its handling of debt-laden Thames Water and concerns over the company’s future. The CEO of Ofwat, David Black, admitted that the regulator should have intervened earlier to prevent water companies from increasing borrowing in the early 2000s. Lord Cromwell […]
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Diesel-to-battery conversion activates 100MWh of clean energy storage
Pulse Clean Energy and Habitat Energy have converted four sites in the UK from diesel to battery storage, resulting in a total of 100MWh of clean energy storage capacity. The four sites, located in South Wales, Warwickshire and the North East of England, have been transformed into grid-scale battery storage and energy optimisation assets. The diesel-to-battery […]
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EV charging facility to transform former petrol station in Manchester
Manchester City Council has approved Be.EV’s plan to build the city’s first large scale green charging facility for electric vehicles (EVs). The project will transform a former petrol station site into a futuristic forecourt and community hub. Be.EV is a public EV charging provider backed by £110 million from Octopus Energy Generation. The facility will […]
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Energy Secretary gives green light to energy-from-waste facility in Lincolnshire
The Energy Secretary has granted approval for the construction of an energy-from-waste facility in Lincolnshire. The facility will generate 102MW of renewable energy, with 80MW being exported to the National Grid. Utilising advanced thermal conversion technology and non-recyclable household waste as fuel, the project aims to provide clean electricity. The project marks the 125th Nationally Significant […]
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UK energy prices to stay high until late 2030s
Power prices in Britain are predicted to remain high until the late 2030s. That’s according to the latest forecast unveiled by consultancy Cornwall Insight, which highlights the surging demand for power as a key factor driving this trend, which is due to the increased adoption of electric heating and transportation, which puts a strain on the […]
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New tariff to potentially lower energy costs below price cap
Octopus is preparing to unveil a new tariff that has the potential to lower energy costs below the energy price cap. The energy supplier is expected to offer the “Tracker” tariff to both existing and new customers starting from Friday 7th July. Unlike the standard variable tariff (SVT), which has its prices capped by Ofgem, the […]
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UK wind farm forced to cut output as coal plant supports grid
The Seagreen offshore wind farm, one of the country’s largest, has been directed by the National Grid to curtail its generation over the weekend. This decision comes as the UK’s power grid enlisted the help of the Ratcliffe-on-Soar coal-fired power station to ensure the security of the electricity supply. In order to ensure system security, […]
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Drax power plant’s subsidies at risk over compliance
The UK’s largest renewable power station, owned by Drax and located near Selby, is facing the possibility of subsidy withdrawal due to concerns over compliance with sustainability regulations. The power plant burns biomass, including wood pellets, which has prompted scrutiny regarding its environmental impact. During a House of Lords session, independent crossbencher Baroness Boycott voiced […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas