Other News

Underestimated cost of green schemes forces UK energy bills to rise

Underestimated cost of green schemes forces UK energy bills to rise

UK households will face higher energy bills after government officials “significantly underestimated” the cost of green energy schemes. According to a Public Accounts Committee (PAC) report, the average household energy bill is likely to be around £110 higher in 2020 – £17 more than expected. Government officials were criticised for […]

Japanese nuclear plans slowed by costly delays

Japanese nuclear plans slowed by costly delays

Costly delays, growing complexity and new safety requirements in the wake of the triple meltdown at Fukushima are hindering a new era of nuclear reactor construction. Doubts are growing over the feasibility of the generation III+ reactors – designed to be cost-effective, simpler and safer – following complications during various […]

German coal and gas output reaches five-year high as nuclear and wind fall

German coal and gas output reaches five-year high as nuclear and wind fall

Output of coal and gas plants in Germany has reached its highest point since February 2012, supplying 17.3 GW to the grid in January 2017. The ramping up of energy at German coal and gas plants has been spurred on by an unprecedented winter refuelling schedule for nuclear and a […]

Shell offloads part of North Sea portfolio

Shell offloads part of North Sea portfolio

Energy giant Shell has announced two major divestments worth $4.7 billion, including the sale of a large part of its North Sea portfolio to private-equity backed Chrysaor. The move, which comes as part of the Anglo-Dutch company’s $30 billion debt reduction target, follows the sale of a stake in a […]

Major investors bullish on Trump’s energy plan

Major investors bullish on Trump’s energy plan

Investor calls in recent weeks have shown a positive reception to the new President’s economic policies. Major investors including John Watson, Chief Executive of Chevron, have welcomed the regulation cutting agenda of the new President. “We’ve seen an avalanche of regulation over the last decade and putting a much, much […]

French nuclear decommissioning cost doubles

French nuclear decommissioning cost doubles

A French parliamentary committee has found that the cost of decommissioning EDF’s aging nuclear power plants is double their original estimate. A fact finding group commissioned by the National Assembly’s environment and regional development committee finds that the dismantling work will “presumably more time than expected”. The report also found […]

Lack of wind blows SSE off course

Lack of wind blows SSE off course

Britain’s second biggest energy retailer SSE has announced that it lost 50,000 customers and saw a 20% drop in generation from wind farms in just nine months. SSE has seen one of the largest rises in electricity price tariffs with their cheapest deal rising 24% from £782 to £970 a […]

Npower announces electricity price increase of almost 10 per cent

Npower announces electricity price increase of almost 10 per cent

UK energy giant Npower has announced plans to raise its prices by an average of 9.8%, or £109 a year, for more than a million customers. From 16 March, electricity prices will increase by an average of 15% and gas prices by 4.8%, affecting around half of customers, or 1.4 […]