Moorside

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National Grid has reported an 18 per cent drop in operating profits to £2.8 billion after writing off £137 million of costs incurred in developing the connections for the now shelved Wylfa Newydd and Moorside nuclear projects.
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The offshore wind industry’s sector deal with the government was unveiled months after the industry said it was within weeks of signing it, according to a new report by the Business, Energy and Industrial Strategy (BEIS) committee.
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Pressed on the timing of the long-awaited policy paper last week during a debate on small modular reactors (SMRs) in the House of Commons, junior business minister Richard Harrington, said: “That will happen in the next few months—in early summer.”
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Change is usually accompanied by uncertainty. Driven by the need to decarbonise, the energy industry is in the midst of a radical transformation. Whilst the end goal is clear, the route there is still being plotted out.
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