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The energy regulator has officially launched a review into networks’ response to Storm Arwen as well as announcing an increase in the compensation affected customers can claim. Ofgem has said it will "take action if necessary" against networks that are found to have failed customers.
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RenewableUK has expressed concern that government cuts to the Planning Inspectorate’s budget are “inconsistent” with Boris Johnson’s target to quadruple offshore wind capacity by 2030. The renewable energy umbrella body has stressed the inspectorate requires “appropriate resourcing” to handle the growing volume of applications, which are often submitted in waves aligning to leasing rounds.
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A pension fund investor in Thames Water’s parent company has bought out a fellow shareholder, taking its holding to almost 20 per cent. The Universities Superannuation Scheme (USS) has acquired the 8.77% of Kemble Water Holdings Limited that has been owned by Wren House since 2017.
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Scottish Power has confirmed that the Cockenzie coal-fired power station will close in one year's time. From next month, the station's output will be halved to 550MW to manage the remainder of the 20,000 hours it was allowed to operate after opting out of the Large Combustion Plant Directive in 2008.
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The UK should take a more directed approach to reaching its 2050 goals to reduce carbon emissions, said Sir David King, who was chief scientific advisor to the Blair government.
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The Welsh Government wants greater responsibility for energy planning and policy and is determined to press the case for more devolution in this area, Welsh First Minister Carwyn Jones stressed today.
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The European Union must move as fast as possible to set out standards on sustainability for biomass, so that potential project developers and fuel suppliers can begin to set up long term agreements. That was the message last night from the inaugural meeting of the All-Party Parliamentary Biomass Group.
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Retail profits for 2011 dipped 7.6 per cent to £304 million on higher sales of £7,058m (£6,763m in 2010) Eon UK reported today. Generation and other business units made a profit of £972m, down from £1,017m in 2010.
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