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".
Grid & Retail
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.
UK homes could see steepest fall in energy bills since summer
British households could see their energy bills fall nearly 16% by spring as prices continue to ease from crisis levels, bringing relief to homes with stretched budgets.
Aberdeen EV charging firm Trojan Energy secures £26 million investment
Aberdeen-based electric vehicle (EV) charging firm Trojan Energy has secured £26 million in investment in its latest funding round.
ScottishPower kickstarts “largest overhaul” of electricity grid since its inception
ScottishPower has unveiled £5.4 billion of contract opportunities as it kickstarts the "largest overhaul of the grid since its inception".
Nigeria says power firms short of $2.5bn of capital
Nigerian electricity companies are short of an estimated 2 trillion naira ($2.5 billion) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents.
EU reaches tentative agreement to overhaul electricity market
The European Union agreed on an overhaul of the bloc’s power market to accelerate the rollout of renewables and curb volatility in electricity prices during the energy transition.
Communities near big energy schemes should gain new ‘benefits’, government says
People who live near large new energy generating infrastructure should gain “community benefits” like the cash being proposed for residents near new pylons, the Scottish Government says.
14 North East Scotland energy transition firms share in £2.5m ETZ Challenge Fund grants
The grants ranging from £50,000 to £250,000 will to go businesses and projects located in Aberdeen, Aberdeenshire and Moray.
Urgent action needed to prevent UK’s energy sector being left in the cold, warns Vysus Group boss
Uncertainty over domestic energy policy and a failure to capitalise on Aberdeen and the wider UK’s potential are hindering the country's efforts to become a world-leader in the energy transition, Vysus Group CEO says.
Swedish heat pump firm Aira launches in UK pledging £300m investment
Swedish heat pump firm Aira has launched in the UK, pledging to create 8,000 jobs as part of a £300m investment.
All Winser advice accepted amid UK pledge to speed up grid connections
Government has accepted ‘all’ advice from a recent report aiming to halve the time taken to build new transmission, while boosting efforts to connect new energy projects.
Ofcom fines Shell Energy £1.4m for not telling customers their contracts were up
Ofcom has fined Shell Energy £1.4 million for breaching the regulator's rules after failing to let close to 73,000 people know that their contracts were coming to an end.
Homes close to new pylons to be offered £1,000 off bills a year under Hunt plans
Households closest to new pylons and electricity substations could receive up to £10,000 off their bills over a decade under plans being announced by Jeremy Hunt.
Households set to learn of fresh energy price rise
Households are set to learn that their energy bills will rise again from January as hopes for relief from the cost-of-living crisis are put on hold.
New Ofgem rules to clear ‘zombie projects’ from grid queue
Ofgem has announced new measures to speed up grid connections and eject slow-moving developments will come into force before the end of this month.
Net Zero Success Hangs on Rapid Power Grid Build-Out, IEA Says
Investment in the world’s electricity grids must double to more than $600 billion a year if nations are going to meet their climate targets and maintain energy security.
Award nominees announced for 2023 Scottish Green Energy Awards
Scottish Renewables has announced the shortlisted nominees for the 2023 Scottish Green Energy Awards, set to be held on November 30 in Edinburgh.