Thursday, August 15, 2019

Solarplicity becomes 13th energy supplier to collapse since 2018

Thousands of homes and hundreds of companies have been left without an energy provider after Solarplicity became the 13th firm to collapse out...

National Grid 'had three blackout near-misses in three months'

National Grid had experienced three blackout “near-misses” in as many months before Friday’s major outage left almost a million homes in the dark...

What are the questions raised by the UK's recent blackout?

Britain’s most severe blackout in more than a decade caused rush hour travel disruption across the UK’s biggest train stations, railways, roads and...

Saudi Aramco ready for record $2tn IPO after first-half results

Saudi Arabia’s state-owned oil group is ready to move ahead with a record $2tn (£1.7tn) market float after revealing profits of $46.9bn for...

Could devaluation of China's yuan trigger the next financial crisis? | Larry Elliott

Every now and then, August belies its reputation as a sleepy month when nothing happens and throws up an event that shakes financial...

Pressure mounts on National Grid after UK blackout

When a blackout hit almost 1m British homes and caused travel chaos on Friday, people joked whether someone had tried “turning the UK...

Asda signs up its fridges to keep the UK warm this winter

Hundreds of Asda supermarket stores will help power the UK’s electricity system this winter by using their fridges as a virtual battery pack...

Ovo Energy in talks to buy SSE’s household supply business

SSE, the UK’s second-biggest energy company, which supplies almost 6m households, is in talks to sell its household supply business to upstart Ovo...

Government launches power cut inquiry

The government has announced an inquiry into the power cut on Friday that left people stuck in trains for up to nine hours...

National Grid urged to explain response to rush-hour blackouts

National Grid must urgently explain why it failed to prioritise the supply of electricity to key parts of Britain during Friday’s blackouts, the...

The Observer view on Britain’s blackout | Observer editorial

Nearly a million people without power; parts of the rail network crippled; Newcastle airport plunged into darkness; a hospital temporarily without power. Friday’s...

SSE held talks with Ovo over sale of UK energy business

SSE has held talks over selling its UK energy supply business to Ovo, a deal that would see its smaller rival become the...

National Grid faces fine after power outage

Britain’s energy market regulator has threatened National Grid with a possible fine after nearly a million businesses and homes in England and Wales...

UK energy watchdog demands answers after major power cut

The energy watchdog, Ofgem, is demanding answers from the National Grid after a major power cut caused travel chaos and cut electricity to...

Power cuts spark transport chaos in London – video

Passengers were shut out of some of the country’s busiest train stations during the Friday evening rush hour after large parts of England...

Transport strife across England and Wales after widespread power cuts – live

7.11pm BST19:11 While it’s hard to be precise about how many people have been affected, especially once commuters are taken into account, the Press...

Major power cut hits large parts of England and Wales

Large parts of England and Wales are without electricity following a major power cut, electricity network operators have said, with an immediate impact...

Oil demand growth almost halves amid fears of economic slowdown

The world’s demand for oil is growing at the slowest rate since the financial crisis over fears of a global economic slowdown, the...

Winter energy bills to fall by £75 as regulator lowers price cap

Millions of British households will see their energy prices fall by £75 this winter after the regulator reduced price caps to adjust for...

UK energy bills to fall as regulator lowers cap

Energy bills for the vast majority of British households will be cut by nearly 6 per cent from October to reflect a fall...

Cuadrilla seeks extension to drill for shale gas until 2021

UK shale gas company Cuadrilla will ask for extra time to drill for shale gas at its Lancashire fracking site after its November...

Lower price cap could mean cheaper energy bills for 11m UK homes

Millions of homes in the UK could be in line for a reduction of £80 on their energy bills this winter under plans...

Nervous power networks look beyond the UK

Energy suppliers may be on the frontline of the battle to win public trust in the industry, but it is the companies behind...

German utilities firm RWE to close its last UK coal plant in 2020

German utility giant RWE will close its last UK coal plant after the coming winter, leaving only four remaining coal plants powering British...

Shell posts worst financial results since 2016 oil price crash

Company, hit by oversupply in gas market, blames slowdown in global economyRoyal Dutch Shell has blamed a slowdown in the global economy for...

BlackRock lost $90bn investing in fossil fuel companies, report finds

BlackRock, the world’s biggest investor, has lost an estimated $90bn over the last decade by ignoring the serious financial risk of investing in...

Pre-paid energy bills to rise as competition watchdog increases cap

Vulnerable energy customers face paying more for pre-payment gas and electricity meters after the competition watchdog confirmed plans to raise a price cap...

Conn’s strategy given cold shoulder by Centrica investors

Centrica chief executive Iain Conn has rarely been accused of lacking self-belief.Even with shares down more than 70 per cent since he took...

Chief of British Gas owner Centrica to step down as it posts loss

Centrica, the owner of British Gas, has said its chief executive, Iain Conn, is to step down next year, as it slashed its...

EIB plans to cut all funding for fossil fuel projects by 2020

The European Investment Bank has vowed to end its multibillion euro financing for fossil fuel projects by the end of next year in...