Horizon Nuclear Power has suspended its UK nuclear development programme, which was to have seen a new plant built at Wylfa Newydd on Anglesey in North Wales, with a second to follow at Oldbury on Severn in South Gloucestershire.
“The economics of the energy market have changed significantly in recent years.
Some gas offtakers, including power stations and major industrial users, face multimillion-pound hikes in network charges from October this year.
Regulator Ofgem faces a dilemma on 7 February as it may have to set a new tariff cap for the summer period – 1 April to 31 September – without clarity over whether suppliers will be required to collect payments for the Capacity Market (CM).
Labour’s agenda includes much faster development of low-carbon power supplies and some form of renationalisation. Janet Wood sought more information from shadow energy minister Alan Whitehead
Utilities, like other companies, have spent years tracking and managing employees on the basis of their skills. But good employees are now scarcer and more demanding.
Falling costs make it hard to replace lithium as the major energy carrier, according to research by Arthur D Little
Ofgem has published new guidance for companies that want to add storage to renewable energy installations that are supported under the Renewables Obligation (RO) and feed-in tariff (FIT) schemes.
Investment has been rushing into storage, and particularly battery storage, for the past two years. It is still seen as vital for the future of the industry but the immediate future is more testing.
Three European companies face fines for breaching Remit rules.