Latest news
UK expands lifetime of old and inefficient coal power stations
Almost exactly a month after the House of Lords voted in favor of it, the UK Government voted against the modification to the Energy Bill which would have to put limits on coal burning in the UK, sparing the energy market from an even tighter squeeze as aged nuclear plants shut later this decade. Britain's power market is already tight as ageing capacity is being retired and a modest amount of new generation is being built. Members of Parliament voted 318 to 236 against including the amendment in the bill.
read more... 06/12/2013
UK Government to finance a new nuclear power plant in Anglesey
The UK Government has announced it intends to finance a new nuclear power station in Anglesey in North Wales within three years.
read more... 05/12/2013
European Commission to launch a formal investigation into Hinkley Point nuclear deal
A deal between the UK government and French energy giant EDF to build two nuclear plants at Hinkley Point in Somerset could be put under threat by the European Commission as it will open a formal investigation into British government subsidies that breach European competition rules.
read more... 04/12/2013
Hinkley Point deal uncertain, once again
The European Union is likely to open an official inquiry into whether the Hinkley Point nuclear deal breaks the EU rules on competition. Britain in October signed a deal with EDF to build a nuclear plant at Hinkley Point in southwest England and became the first European country to offer a guaranteed power price over 35 years for a new nuclear project. Britain has said it is confident it will get clearance, but a formal European Commission probe could take years, throwing uncertainty over the nation's plans.
read more... 03/12/2013
Iran oil insurance sanctions may soon be eased
Now that a nuclear deal has been reached following the breakthrough agreement in Geneva, the west is likely to start easing crippling sanctions on Iran, as it has about $100 billion in investments frozen around the world, and its government runs a deficit of $35 billion a year.
read more... 27/11/2013