Other News

Small suppliers make up a quarter of the UK energy market

Small suppliers make up a quarter of the UK energy market

One in four UK energy customers have moved from contracts with larger firms to small and medium sized suppliers after the government moved to cut the Big Six’s monopoly of the market. The surgency in smaller suppliers has significantly reduced the market share of the Big Six firms and slashed […]

Equinor to lead North Sea output

Equinor to lead North Sea output

Norway’s Equinor will lead production in the North Sea over the coming seven years a new report by GlobalData has discovered. The report that focused on the North Sea area including the UK, Norway, Denmark and the Netherlands found Equinor will be leading a number of big projects due to […]

No-deal Brexit could mean lights out for NI

No-deal Brexit could mean lights out for NI

In the case of a no-deal Brexit, the UK Government could be forced to implement extreme new measures to ensure there is enough power in Northern Ireland, by reducing electricity usage and creating energy generation capacity. If the current all-Ireland single electricity market cannot be kept operational in the event […]

US govt agency steps in to fund Kosovo coal plant as World Bank pulls out

US govt agency steps in to fund Kosovo coal plant as World Bank pulls out

London based power company ContourGlobal has confirmed its commitment to build a 500-megawatt (MW) coal power plant in Kosovo, despite the World Bank refusing to provide funding for the project that could provide a rise in economic growth for the Balkan country. On Wednesday, the World Bank announced it would […]

BP chief: US sanctions on Russian oil would damage Europe

BP chief: US sanctions on Russian oil would damage Europe

BP chief executive Bob Dudley has said further US sanctions on Russian oil and gas companies could have severe implications for energy systems in Europe. At the Oil and Money 2018 event in London the CEO of BP, which holds just under 20% of Rosneft, said: “I do not think […]

OPEC General Secretary criticises IPCC report

OPEC General Secretary criticises IPCC report

OPEC Secretary General Mohammad Barkindo has criticised an UN report calling for radical action to fight climate change, stating it was ill-advised to say that the world’s future rested on renewables energy and that a “bombardment” of green advocacy could be damaging. The UN International Panel on Climate Change (IPCC) […]

SSE-Npower merger gets watchdog clearance

SSE-Npower merger gets watchdog clearance

The proposed merger between two of Britain’s Big Six energy firms, Npower and SSE, has been given the all clear by the UK’s competition watchdog. The Competition and Markets Authority (CMA) has provided the final approval needed for the merger, that will create the country’s second largest energy provider, after […]

Australia prioritises electricity prices over coal phase out

Australia prioritises electricity prices over coal phase out

Australia has rejected calls from the UN’s Intergovernmental Panel on Climate Change (IPCC) report to phase out the use of coal by 2050, describing such actions as “irresponsible”, instead focusing on its priority of cutting domestic electricity prices. Melissa Price, Australia’s environment minister, who previously worked in the mining industry, […]