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.
Energy crisis deepens as Orbit and Entice go bust amid soaring wholesale costs and price cap criticism November 25, 2021 Two more energy firms were engulfed by the ensuing wholesale price crisis that has caused over 20 energy firms to collapse since September.
Octopus Energy stretches tentacles into Italian market with €60m investment November 25, 2021 Octopus Energy (Octopus) is going full-steam ahead with its European expansion plans, wading into the Italian energy market.
Vitol snaps up Vivo Energy in $2.3bn acquisition November 25, 2021 The Dutch company will take full control of the UK-based energy firm, which has a network of about 2,330 service stations across Africa.