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.
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.
Theresa May is being urged to make good her promise to help struggling families by embarking on radical reforms to the energy market in the face of soaring household bills.
Strange as it may sound, despite the UK being part of the EU single market, currently there is no truly level playing field where the UK generators can compete with their counterparts in the rest of the EU.
Shares in British Gas parent Centrica dived today after the utilities firm announced a surprise share sale to raise funds.
Energy Minister Fergus Ewing says ambitious renewables targets are achievable within the eight-year timescale set by the Scottish Government.
THE UK's biggest energy consultancy, McKinnon and Clarke, has reacted angrily to the call by one of British Energy's major City investors, Invesco, for the nuclear-power generator to merge with British/Scottish Gas owner Centrica.