The Bank of England (BoE) has published it’s latest Inflation report and the prospects for energy prices don’t make easy reading. Basing their predictions on the average Brent oil future prices, the BoE expects to see a rise of 15% for domestic gas prices and a 10% rise in domestic electricity prices during the second [...]
Sleeping with the light on proves expensive
In the UK we spend around £138,000 each night merely by leaving the light on overnight. According to research from leading energy company E.ON, one in nine British adults sleeps with the light on as they are scared of the dark. That racks up to 1.9 million homes with a combined spend of £138,000. During [...]
EDF to remove overhead power lines in Area of Outstanding Natural Beauty
Oast House image © Copyright Oast House Archive and licensed for reuse under this Creative Commons Licence Lamberhurst farm, situated in an Area of Outstanding Natural Beauty (AONB) – the High Weald, is to have nearby overhead power lines removed by EDF energy. At a cost of £248,900, EDF plans to replace a mile of [...]
Scottish Power CEO resigns
Scottish Power CEO Nick Horler resigned on 12 October leaving the company to search for a new executive with a profile appropriate for the Glasgow-based company. Until then, ScottishPower will continue to be run by its current management team, under the supervision of the Group’s International Chief Operating Officer, Amparo Moraleda. Mr Horler will remain [...]
World’s largest offshore wind farm
On the 23rd Sept 2010, Vattenfall opened the world’s largest offshore wind farm, the Thanet Offshore Wind Farm, situated off the south east coast of England. Consisting of 100 turbines, the wind farm will generate electricity equivalent to the annual consumption of over 200,000 British households.
Wind farm output “Blows Away” demand!
Wind farms in the north of Scotland produced more electricity output than the demand from the homes and workplaces in the area for the first time on the morning of Sunday 29 August.
ScottishPower parent company to Invest €4.8 Billion in the UK
Iberdrola, ScotishPower’s parent company, is to Invest €4.8 Billion in the United Kingdom over the Period 2010-2012 Two-thirds of the planned investments are earmarked for wind power, smart grid and distribution networks Purchases associated with this investment are estimated at €5.4 billion, opening up trade opportunities for Spanish and Scottish suppliers Galán states that IBERDROLA [...]
EDF set to sell off UK electricity distribution networks
The EDF Board of Directors has approved the sale of the UK electricity distribution networks to the Cheung Kong group based in Hong Kong. The Cheung Kong group (“CKI”) made its irrevocable offer of 29 July, worth £3.2 billion in equity.
SSE and Mitsubishi make Low Carbon Agreement
A strategic agreement between Mitsubishi (Mitsubishi Heavy Industries Ltd and Mitsubishi Power Systems Europe Ltd) and SSE (Scottish and Southern Energy plc) has been made to co-operate on future low carbon energy developments.
E.ON and the Electric Car
A new network of easy-access charge points in Coventry and Birmingham have become the latest stage of the UK’s largest ultra low carbon vehicles trial. On behalf of the CABLED project, the network of charging points has been installed by E.ON with a trial of 110 vehicles being tested by ‘real world’ users over the next [...]