Utilities

Germany finally stops (some) dirty power production

Germany’s government has finally reached a deal with its regions of highest coal production to phase out all coal generated power by 2038. The deal includes reparation packages for German utilities totalling €4.35bn, who will receive payments in compensation for the lost revenue resulting from closing some of their coal plants early. Last year, Angela…

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Blame After Last Year’s Blackout

Following an investigation by Britain’s energy regulator Ofgem in response to a widespread power outage last August, three companies will pay a combined fine of £10.5m into a consumer redress fund. Ofgem found the widespread chaos resulting from the power cut left more than one million customers without power and caused significant travel disorder. The…

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Could A Fossil-Fuels Financing Ban Help Solve The Climate Crisis?

In light of the Extinction Rebellion protests last month, it is clear that all industries, including banking and finance, are under increasing pressure to find solutions to the current climate crisis. The world’s largest public bank, the European Investment Bank (EIB) states its mission “is to foster sustainable growth within the EU and abroad.” Indeed…

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Germany’s Backlash Against Wind Power

As a leader of renewable energy, Germany’s renewable energy sector has experienced rapid growth in 27 years, from 5% of the entire electricity sector in 1990 to 36% in 2017, and aims to increase its renewable energy proportion to at least 69% in 2036. To further address the problem of climate change, the country goes…

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The Prosumer Revolution

Speaking to BBC News, the executive director of the National Grid, Nicola Shaw, stated “We are at a moment of real change in the energy industry.” Historically, the U.K.’s electricity system has been reasonably simple; utility companies and big organisations generated power, then sold and supplied it to consumers in their houses and businesses. Until…

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 Centrica shares sink to near 15-year low by Durrat Adnan

British Gas owner Centrica has announced a hit of around £70 million arising from the incoming energy price cap, as another 370,000 customers have left the supplier. The cap comes into force on 1st January with the impact on earnings likely to be felt in greater force in the first quarter of next year. The…

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Northern Gas’ Hydrogen Potential by Chantelle Popat

Northern Gas Networks have just unveiled a blueprint for a £22.7 billion hydrogen gas grid to serve more than 3.7 million homes and 40,000 businesses in the north of England. The H21 North of England report outlines plans to convert the gas networks of Leeds, Bradford, Wakefield, York, Huddersfield, Hull, Liverpool, Manchester, Teesside and Newcastle…

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Energy bills to be capped in new year by Durrat Adnan

From 1st January, the new energy price cap on gas and electricity bills will come into force, saving consumers a total of £1bn. This would mean savings for 11 million customers on average, £76 a year. Every year in April and October, according to the latest estimated costs of supplying gas and electricity, the price…

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