Monday, June 29, 2020

Hydro plants first line of defence in battle to keep Britain’s lights on

In the Welsh and Scottish mountains, a small number of hydro power stations, some of them more than half a century old, have become...

Hydrogen fuel bubbles up the agenda as investments rocket

More than 50 years ago hydrogen fuel cells helped put Neil Armstrong on the moon, but mainstream usage of the technology has remained...

Renewable energy breaks UK record in first quarter of 2020

Renewable energy made up almost half of Britain’s electricity generation in the first three months of the year, with a surge in wind...

Nuclear developers press for ‘prompt’ decision on new UK plants

Britain’s nuclear energy industry has said it could cut the price of power from new large power stations by more than half as...

UK electric buses boosted by innovative £20m battery deal

One of Britain’s biggest battery companies has secured a loan to help increase the UK’s electric bus fleet by taking ownership of the...

Europe could face oil shortage in a decade, study warns

Europe could face a shortage of oil within the next decade, making the move to increase the use of low carbon energy even...

The new face at the FCA needs to keep politicians at arms length |...

Nikhil Rathi, appointed on Monday to be chief executive of the Financial Conduct Authority, offered a long list of his plans for the...

Energy customers face bailiffs as Ofgem allows debt collecting again

Gas and electricity customers face the prospect of debt collectors chasing up unpaid bills after the energy industry regulator told suppliers they no...

Centrica plans cut-price 'British Gas X' to take on digital rivals

The owner of British Gas plans to challenge its cut-price competitors by setting up a new digital energy brand to offer discounted deals...

National Grid braces for £400m hit to profits

National Grid is braced for a £400m hit to its profits in the current financial year as the full cost of the coronavirus...

SSE to spend more than £7bn on 'helping to power green recovery'

SSE plans to spend more than £7bn over the next five years to help power the UK’s green economic recovery from the coronavirus...

Global oil demand could hit record rate next year, IEA warns

The world’s oil demand could climb at its fastest rate in the history of the market next year, and may reach pre-crisis levels...

BP takes a significant step to net zero, even if it is just the...

At last: some big and hard numbers to support the new chief executive Bernard Looney’s previously loose talk about greening BP and supporting...

BP expects Covid-19 to have 'enduring impact on global economy'

The coronavirus lockdown has virtually halted international travel and tourism, hitting airlines and other travel companies, aerospace and auto manufacturers and oil companies...

As a dividend freeze sweeps the FTSE, will National Grid power up investors?

Spare the briefest of thoughts for Britain’s capital-owning classes. FTSE 100 companies are forecast to pay out £9.5bn less in dividends to shareholders...

Centrica to cut 5,000 more jobs

Centrica is to cut a further 5,000 jobs as the lossmaking UK energy supplier seeks growth after several years of mass redundancies, profit...

Great Britain to go coal free for longest period since Industrial Revolution

Great Britain will on Wednesday be able celebrate not having used any coal-powered electricity for two months – the longest period since the...

Britain breaks fresh coal power record as renewable use grows

Britain will hit a fresh record for the longest period without coal power since the Industrial Revolution at midnight on Wednesday, raising the...

UK electricity coal free for first month ever

The UK’s electricity system recorded its “greenest” ever month in May after running without coal-fired electricity for a full calendar month. The National Grid,...

UK coalmines operator Hargreaves Services to end mining next month

One of Britain’s last remaining coalmine operators will put an end to all mining operations from next month because it is clear that...

UK regulator launches £350m ‘handout’ for weaker energy suppliers

Britain’s energy regulator has launched a £350m support scheme to avoid the collapse of distressed electricity and gas suppliers that have been hit...

Energy firms urged to mothball coal plants as cost of solar tumbles

Building new solar power projects would generate cheaper electricity than running most of the world’s existing coal power plants, according to a global...

Plan for new UK nuclear plant under intense scrutiny

On England’s east coast, a 32 hectare piece of land surrounded by marshes and woods has become the latest focus for the fierce...

Britain needs new nuclear, and the government should fund it

It is almost a year since Britain became the first country in the world to pass laws to end its contribution to global...

The world wasn't ready for a Green New Deal in 2009. Today, it may...

Timing matters. Early 2020 saw an economic collapse the likes of which have not been seen in living memory. Growth has collapsed, unemployment...

BlackRock to flag climate concerns at ExxonMobil AGM

BlackRock, the world’s largest fund manager, will lodge multiple votes against ExxonMobil at its annual shareholder meeting on Wednesday as it flags concern...

Investment in global energy to drop by $400bn

Investment in global energy will fall by $400bn (£324bn) this year, the biggest slump in the industry’s history, as the Covid-19 pandemic fuels...

Britain's largest solar farm poised to begin development in Kent

Britain’s largest solar farm, capable of generating enough clean electricity to power 91,000 homes, is poised to receive the greenlight from ministers this...

'Wrong signal': Norfolk coast windfarm planning delayed by up to five months

The government has delayed the planning process for a major new windfarm off the Norfolk coast because of the coronavirus lockdown, with its...