Economy Energy banned from taking on new customers amid Ofgem probe January 4, 2019 Economy Energy has been banned from taking on new customers until it improves its customer service, Ofgem said today. The energy regulator said it has issued a three month ban on the supplier, which will also prevent it requesting one-off payments and increasing direct debits. Ofgem said Economy Energy must improve its customer contact procedures, [...]
Scottish Power goes with the wind as Drax Group completes takeover of portfolio January 2, 2019 Drax Group has completed its £702m takeover of power plants from Scottish Power as the company moves towards ending its coal-based production before 2025. The deal, which was first announced in October, sees Drax take control of the Cruachan pumped storage hydro facility and a plant which turns waste into biomass. The plants have helped [...]
Debate: Could green energy alone soon power the electric car revolution? December 6, 2018 Debate: Could green energy alone soon power the electric car revolution? Yes – Matthew Wright is UK managing director at Orsted. We are seeing unprecedented developments in green energy, and I believe that clean generation, combined with enhanced battery storage capabilities, will power our move away from petrol and diesel vehicles. This is not just [...]
NEX Exchange Profile: Good Energy Group plc November 19, 2018 | Sponsored Good Energy, the renewable energy company based in the heart of Wiltshire, is truly of the zeitgeist. It is one of the leading suppliers of renewable power in the UK today; it is also one of the main proponents for action to prevent further climate change, thanks in large part to the energetic dedication of [...]
DEBATE: Would the energy market benefit from Corbyn’s proposed wind turbines and renewable subsidies? September 28, 2018 Would the energy market benefit from Corbyn’s proposed wind turbines and renewable subsidies? Alan Lockey, head of research at Demos, says YES. First, let’s dispense with the notion that it’s a choice between unsubsidised fossil fuels and subsidised renewables: the global energy “market” is all subsidised. In fact, research by the International Energy Association [...]
Jeremy Corbyn vows to vote down Chequers deal as he calls for UK to stay in a customs union September 26, 2018 Jeremy Corbyn has confirmed he would vote down Theresa May's Brexit plan as part of a gamble to trigger a general election. In his keynote speech to Labour's conference on Wednesday, Corbyn said his MPs would not back May's so-called Chequers proposal, but would also oppose leaving the EU without any trade deal. He claimed [...]
Fossil Fuel divestment: The feel-good climate change policy that would undermine public pension funds September 2, 2015 Most would agree that climate change could pose a threat to the economy. However, measures to combat it will ultimately prove counter-productive if they conflict with the interests of the taxpayer. Forcing government to pursue losses from taxpayer-funded investments in the name of environmentalism, for example, would be an obvious misuse of public [...]
Denmark scales back climate goals that are proving “too expensive” for businesses August 20, 2015 Denmark is scaling back its green ambitions, after the country’s government said the previous target was “too expensive for businesses”. In a goal set by the country’s previous government, Denmark had promised to reduce its carbon emissions at least 40 per cent by 2020, against 1990 levels. This is proving too expensive though, so the [...]
UK energy consumption falls below 1965 levels as industrial output declines and energy efficiency rises August 3, 2015 The UK is the only country where total energy consumption is lower today than it was in 1965, according to newly released energy data from BP. Energy consumption has gone down by close to five per cent over the past 50 years – even as the economy has tripled in size and population. This makes [...]
US power sector hits back at Barack Obama’s tough climate change rules August 3, 2015 President Barack Obama is set to present the US’ most ambitious climate change plans to date, but they come fiercely opposed by both his political rivals and the energy sector. The Obama administration will reveal state-specific details of the initiative, called the clean power plan, on Monday, but overall it will impose reductions of carbon [...]