Energy News
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Saudi Arabia’s king replaces energy minister with one of his sons
Saudi Arabia’s King Salman Bin Abdulaziz Al Saud has replaced the country’s energy minister with one of his sons. Prince Abdulaziz bin Salman has now been sworn in as the new Minister of Energy, the first time the oil portfolio has been given to a member of the royal family. He replaces Khalid al-Falih, who […]
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Octopus Energy expands into Germany with purchase of green supplier
Octopus Energy has expanded into Germany with the acquisition of green energy supplier 4hundred. It will enter Europe’s largest energy market once the purchase of the majority share in the business becomes effective on 4th September 2019. Set up in 2017, challenger firm 4hundred claims to be Germany’s first digitally focused energy provider and says […]
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ABB and Chinese firm team up to develop electric bus with ‘fastest charger’
ABB has joined forces with a Chinese bus manufacturer to jointly develop an electric bus with what they claim will be the world’s fastest charger. The electric bus will feature a “flash” charging system that is said to be able to top up the battery “in just seconds” while passengers get on and off the […]
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Firmus Energy cuts gas prices by 8.77% for homes and businesses
Firmus Energy has announced a reduction of 8.77% in gas prices for homes and businesses in Northern Ireland. The company, which has around 95,000 customers, is introducing the price cut from October 2019 and reducing bills by £61 per year on average for those in the Ten Towns network. Customers in the Greater Belfast network […]
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Worker injured after GE wind turbine collapses
A worker has been injured following the collapse of a General Electric (GE) turbine at a wind farm in Brazil. GE said the turbine fell at the Delta 6 wind park, located at Paulino Neves, Maranhao, on 3rd September. Three of its employees were on site at the time of the incident and one individual […]
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UK’s COP26 President Claire Perry not to seek re-election
Former Energy and Clean Growth Minister Claire Perry has announced she will not be standing in the next General Election. The MP for Devizes was recently appointed as President of COP26, the next major UN climate summit which will take place in Glasgow if the UK’s bid is successful. That was prior to Ms Perry […]
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More than 17,500 people sign petition to stop solar and storage VAT hike
The government is being urged to stop the proposed VAT increase for solar and battery storage technologies by industry, environmental groups and more than 17,500 people. Under the new law proposed by HM Revenue and Customs (HMRC), the VAT for new solar and energy storage products will increase from 5% to 20% from October, whilst […]
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Should MPs face jail for failing to enforce environmental rules?
The European Court of Justice heard arguments this week about whether German judges can impose prison sentences on politicians if they fail to enforce environmental rules. Environmental Action Germany (DUH) brought forward legal action after Bavaria failed to implement clean air rulings about bringing down pollution levels caused by diesel fumes that exceed EU limits. […]
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Researchers to use AI to unlock oil and gas big data ‘treasure trove’
A new project will see researchers use artificial intelligence (AI) to help unlock a “treasure trove” of big data in the North Sea oil and gas industry. Researchers at the University of Aberdeen aim to bridge the gap between the vast amounts of bid data available to the oil and gas sector – predominantly in […]
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Ofgem fines ENGIE unit £2.1m over gas price manipulation by trader
Ofgem has fined a unit of French utility ENGIE £2.1 million after an investigation found one of its traders manipulated wholesale gas prices. The regulator said the trader working for ENGIE Global Markets (EGM) was engaged in a type of market manipulation called “spoofing” over a three-month period between June and August 2016. Spoofing takes […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas