GB Energy, SAF support among Labour pledges in King’s Speech
Labour promised to “take the brakes off Britain” as it unveiled its energy policy priorities in the King's Speech today.
Grid & Retail
E.ON leverages AI to build UK’s first low-carbon energy-sharing network
Digitally managed energy balancing and sharing technology across site-wide networks could bring substantial cost and emissions savings.
UK energy firms oppose plans for cheaper deals for new customers
UK energy suppliers and consumer-protection groups are urging the regulator to maintain a ban on cheaper tariffs for new customers that was introduced during the energy crisis to help stabilize the market.
‘Light on detail’: What do academic experts make of the UK election energy debate?
As the UK nears the end of an election campaign where energy policy has featured prominently, experts say the debate has been heavy on rhetoric but light on detail.
Drax sells SME customer book to EDF
UK electricity generator Drax Group (LON: DRX) has sold a book of 90,000 small and medium (SME) business customers to French retail energy giant EDF.
Labour manifesto promises ‘phased and responsible’ North Sea transition
The Labour Party released its election manifesto promising a “phased and responsible” transition in the North Sea and pledged to make Britain a “clean energy superpower”.
SSEN and Hitachi progress Scottish subsea cable links projects
SSEN Transmission said the Western Isles and Spittal-Peterhead HVDC links remain on track for 2030 energisation.
Tories criticised over ‘pragmatic’ net zero plans in manifesto
The Conservatives have been accused of failing to seize the “economic opportunity of the century” with a manifesto that pledges a pragmatic approach to net zero.
Conservatives set out plan to make switching energy supplier easier
Households could find it easier to switch to cheaper, more consumer-friendly energy suppliers under plans being set out by the Tories.
UK’s National Grid plans huge capital raise in net zero push
National Grid Plc plans to raise £6.8 billion ($8.7 billion) of capital to help fund a massive investment program as the shift to net zero requires a sweeping overhaul of Britain’s power network.
Sumitomo starts construction of cable factory in Scottish Highlands
Japanese firm Sumitomo Electric held a ground breaking ceremony for its £350 million subsea cable factory on the Cromarty Firth after it was named as a "preferred bidder" for a contract with SSE.
Green Volt: Jobs boom as Europe’s largest floating wind farm approved off Scotland’s coast
Green Volt, one of the world’s largest floating windfarms, has been approved off the Aberdeenshire coast, in what will be a jobs boost for the region.
AI will suck up 500% more power in UK in 10 Years, grid CEO says
Electricity demand from UK data centers will jump sixfold over the next 10 years as a boom in artificial intelligence requires increased computing power, according to the head of National Grid Plc.
Centrica boosted CEO pay as families struggled with energy debt
The Chief Executive of Centrica Plc (LON:CNA) got a bumper pay raise last year while millions of households across the country struggled with energy debt.
UK fast-tracks wind power cable to address grid deficiencies
Ofgem approved £2 billion in funding for a subsea cable to transmit wind power from Scotland to England.
ESO calls for £58bn investment in UK electricity grid
ESO proposes a new 'North to South electrical spine' connecting Peterhead to Merseyside
Industry reacts to UK government’s gas plant plans and electricity market reforms
UK Energy Secretary Claire Coutinho has set out plans to build new gas power stations to avoid what she described as the "genuine prospect of blackouts".
Ofgem raises concerns about net zero costs on lower income households
Ofgem has raised concerns that net zero costs could disproportionately hit lower income customers as it announced it is to examine how to protect households against future price shocks.
Dutch, German governments said to be near Tennet grid deal
The Netherlands is closing in on a deal to sell Tennet Holding BV’s power grid in Germany to the government in Berlin after months of protracted negotiations, according to people familiar with the matter.
UK subsidies for fossil-fuel power plants swell to record
The UK will continue to subsidize fossil-fuelled power plants into the second half of this decade with operators paid a record fee to stay open.
EU risks escalating spat with farmers, business over climate
The European Union issued its most ambitious climate roadmap just as the bloc is facing severe headwinds from angry farmers and an ailing industrial base increasingly alarmed about the high costs of a rapid green transition.
Government must take the people with them to achieve Net Zero
If those countries which have declared the aim of achieving “Net Zero” are to ever actually achieve it then I have news for them: they won’t do it by diktat, threats or bullying.
UK Government urged to allow more scrutiny of climate plans
Members of Parliament want more say on government plans to achieve emissions cuts in the run-up to 2050, the nation’s legally binding net-zero target date.
UK power auction set to draw record prices for tight market
An auction to ensure the UK has sufficient back-up power is poised to attract record prices, which could bolster the nation’s reliance on natural gas just as it’s trying to decarbonize.
Labour would need £8 billion to deliver green plan within rules
The Labour Party needs to find at least £8 billion ($10 billion) to deliver its green-investment plan, a new analysis shows, underscoring why UK opposition leader Keir Starmer may be mulling changes to the initiative.