Britain, the first country to use coal for electricity, has had its first working day with zero generation from the fossil fuel last Friday, signalling the energy system in the UK is changing, Kallanish Energy learns from energy provider National Grid.
UK’s energy utilities Centrica and SSE saw their shares drop 4-5% on Monday following pledges by the Conservative party to cap domestic energy prices in the country, if it was to win the election manifesto proposed to June 8, Kallanish Energy reports.
The UK government announced on Thursday the sale of its Green Investment Bank (GIB) to a Macquarie-led consortium for £2.3 billion ($2.94 billion), making a “substantial profit” out of the privatization, Kallanish Energy reports.
Australian bank Macquarie committed on Thursday to target £3 billion ($3.84 billion) of new investment in green energy projects in the UK over the next three years, either directly or by arranging capacity from other investors, Kallanish Energy reports.
Great Britain’s manufacturing industry has seen fuel prices for coal, electricity and gas decline in 2016 compared to the previous year, Kallanish Energy learns from the latest data published by the UK’s Department for Business, Energy & Industrial Strategy (BEIS).
UK Prime Minister Theresa May will put her plans to call for a snap general election on June 8 to parliamentary vote today, as she seeks to progress the country’s exit from the European Union without major disturbance from the opposition, Kallanish Energy reports.
British unconventional explorer Cuadrilla plans to start the drilling stage of its shale gas exploratory plans in northwest England within the next “couple of months,” company’s CEO Francis Egan said last Wednesday.
Centrica Storage (CSL) said last week its Rough natural gas storage site can’t safely recommence injection operations in the 2017/18 storage year, rising concerns for the upcoming winter gas supply, Kallanish Energy reports.
EDF Energy announced Wednesday a 7.2% increase on its dual fuel — electricity and gas — prices for UK domestic costumers, blaming a range of rising costs, in both wholesale and non-wholesale energy costs and obligations, Kallanish Energy learns.