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UK government likely to interfere in power market – First Utility
First Utility, one of Britain's largest independent energy providers, declared on Thursday it anticipates the government to interfere in the country's power market to maintain a cap on increasing bills.
read more... 11/11/2016
Daily: European spot power prices increase sharply on stronger demand, weaker renewables supply
Crude oil prices settled down on Monday on news of the forthcoming restart of Britain’s Buzzard oil field and as Iraq wants to be exempted from OPEC production cuts as it needs more money to fight Islamic State militants. Brent, the international benchmark for crude, lost 32 cents, or 0.6 percent, to close at $51.46 a barrel. Its session low was $50.50. U.S. West Texas Intermediate (WTI) crude declined 33 cents, or 0.7 percent, to end at $50.52.
read more... 25/10/2016
The longest Iceland-UK electricity cable plan seen confronting Brexit deferral
Plans to construct the world's longest electricity interconnector from Iceland to Britain might be deferred by Britain's decision to leave the European Union, as stated by the manager of Icelandic utility Landsvirkjun.
read more... 24/10/2016
Energy provider SSE will vend 16.7% stake in gas distribution business
SSE Plc, Britain's second largest energy provider, declared it had settled to sell a 16.7 percent stake in regional gas distribution business Scotia Gas Networks Ltd (SGN) to Abu Dhabi Investment Authority for 621 million pounds ($772.21 million).
read more... 17/10/2016
UK inks long-awaited Franco-Chinese nuclear project
A $24-billion agreement to construct Britain's first new nuclear power station in decades was inked behind closed doors in London on Thursday in a private ceremony that highlighted Prime Minister Theresa May's cautious approach to the Franco-Chinese project.
read more... 30/09/2016