A deal over subsidies for Britain’s first new nuclear plant in a generation could now be agreed within weeks, Michael Fallon, the energy minister, has said. ›
Uncertainty is now the only certainty in the UK energy market after the opposition Labour party said it will freeze retail energy prices between May 2015 and January 2017 if it wins the next general election. ›
It is an audacious undertaking with wide and deep support in Germany: shut down the nation’s nuclear power plants, wean the country from coal and promote a wholesale shift to renewable energy sources. ›
The government has announced that it will not be investing in new gas storage facilities, stating this will save around £750 million over 10 years. ›
The Department for Energy and Climate Change (Decc) announced today that it will not subsidise investment in new gas storage facilities, potentially closing the door on a number of proposed long-range storage projects in the UK. ›
As North Sea production dwindled and cold weather boosted demand, Britain’s gas imports hit 1 trillion cubic feet in the first half of this year – the highest level on record. ›
The UK Department for Energy and Climate Change published its draft strike prices at the end of June, with subsidy support for offshore wind projects most notably falling to £135/MWh in 2018-19 from £155/MWh for contracts granted during the 2014-15 financial year. ›
German utility RWE’s 750MW Tilbury biomass power plant in the UK has run down its remaining generating hours under the EU’s large combustion plant directive after firing up units 9 and 10 for a final 24 hours until midday today. ›
British spot gas prices fell on Friday as supplies outpaced demand for a second straight day, while gas for weekend and Monday delivery rose in expectation of slightly higher demand. ›
It has been predicted Britain’s gas supplies in the 2013/2014 winter season will be sufficient to avoid running short as it nearly did last winter although wholesale prices are already higher than a year ago and are likely to keep rising. ›
