Ferrybridge aflame

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EDF’s UK energy profits jump to £560m

EDF Energy reported its UK profits rose to £560 million – before interest and tax – in the first half of this year. That’s in comparison to £507 million in the six months to June 2013. The energy giant said the growth was a result of higher output from its nuclear power stations, generating 2TWh […]

Guest Blog: Wayne Mitchell on EMR – opportunities as well as costs

Last week, I talked about how much the newly-finalised Electricity Market Reform (EMR) policies are likely to cost consumers. If you recall, we estimate between £11 and £17 per megawatt hour by 2020, which when you are consuming in the mega megawatt league, is not an insubstantial amount, especially on top of other existing policy […]

UK renewable electricity generation up 30% in 2013

Electricity generated from renewable sources rose 30% last year, according to the latest energy statistics from DECC. They accounted for nearly 15% of total energy generation – a 3.6% rise from 2012. Onshore wind continued to be the leading renewable technology for electricity generation, providing 32% of the total while offshore wind generated a further […]

New online tool calculates renewable heating benefits

A new online tool which shows how consumers can benefit by installing renewable heating systems – such as solar thermal panels and ground source heat pumps – has been launched. DECC’s ‘Renewable Heat Incentive (RHI) calculator allows people to check how much money they could be paid through the scheme, depending on the type of […]

The Daily Market Report – 31st July 2014

Find out what’s influencing gas supply, power prices and what you should watch out for in the energy market in the new daily report from Ben Spry, Optimisation Desk Manager at npower.

Plans for giant 2.2GW wind farm scrapped

Centrica and DONG Energy have ditched plans to build a giant wind farm in the Irish Sea. The British Gas owner said the decision to stop development comes as a result of an assessment, which “confirmed challenging ground conditions”, making the project “economically unviable” with current technology. Up to 440 turbines would have been installed […]

British Gas profits drop 26%, predicts fall in energy bills

Household energy bills for British Gas customers will be around £90 lower this year compared to 2013, the energy giant predicts. That’s despite household energy supply profits falling 26% to £265 million in the first half of this year as a result of the “warmer weather and the wider political environment”. Gas usage by British […]

£2m drip drop in water costs for manufacturers

Manufacturers sloshed down their water costs by £2 million for their food and drink production. Firms signed up to the Federation House Commitment reduced their water use by 1.35 million cubic meters between 2012 and 2013. Since the start of the FHC in 2007 signatories have collectively made a 15.6% reduction in their water use […]

BG Group profits up 11%

Profits at oil business BG Group are 11% higher for the second quarter of 2014 than they were at the same time last year. The success comes despite having no CEO with Stephen Finlayson resigning in April for personal reasons. Total operating profit for April to June rose from $1,788m (£1,059m) last year to $1,992m […]