Centrica to sell Spirit Energy’s Norway assets in $1bn deal as it looks to decarbonise portfolio December 8, 2021 Spirit Energy is selling its Norwegian oil and gas production business and its Statfjord field in a deal worth over $1bn in cash.
Government set to step in as carbon price mechanism is triggered after market rally December 7, 2021 Ministers could step in to reduce the costs polluters pay for emissions permits after carbon allowances increased by 50 per cent in November.
SSE defends renewables plan after activist calls for governance changes December 7, 2021 SSE has hit back at continued criticism from activist investor Elliott Management (Elliott) over its renewables plans.
Cost of keeping energy market in check quadruples to near £1bn as winter crisis deepens December 6, 2021 The cost of pricing the country’s energy sector has quadrupled over the past two years as the industry lurches from the pandemic and soaring wholesale costs.
Dogger Bank C: World’s largest offshore wind farm passes last milestone before £9bn construction December 2, 2021 Joint venture partners SSE Renewables and Equinor said this morning that they have reached financial close on Dogger Bank Wind Farm C, the third phase of what will be the world’s largest offshore wind farm when complete in March 2026. SSE Renewables and Equinor have started constructing the first two phases of the 3.6GW Dogger [...]
SSE’s distribution company commits £4bn to boost infrastructure amid net zero push December 1, 2021 Scottish and Southern Electricity Networks (SSEN) Distribution will invest around £4bn over a five-year period across its network.
Ofgem offers suppliers pathway to recouping costs after taking on new customers December 1, 2021 Energy firms that rescued stranded customers from fallen suppliers since September can now submit claims for incurred costs.
Ofgem could bring in ‘fit and proper’ tests and hedging controls for energy suppliers November 30, 2021 Ofgem could bring in “fit and proper” tests and capital requirements for suppliers as soaring wholesale costs wreak havoc with the market.
Energy market meltdown could burden UK households with £3.2bn bill November 29, 2021 UK households could be on the hook for £3.2bn to fix the energy market meltdown which has already affected four million customers.
BP announces plans to turn Teeside into UK’s green hydrogen hub November 29, 2021 BP is boosting renewable production in Teeside with plans to turn the area into the UL's green hydrogen hub.