Yorkshire’s coal mine to close

More than 400 people are expected to lose their jobs due to the closure of the Hatfield Colliery in South Yorkshire. It is closing 14 months earlier than scheduled. According to trade union Prospect, 420 “high-skilled” jobs and further jobs in the supply chain will be lost. Prospect negotiator Mike Macdonald said: “Hatfield has been unable to sell […]

South Korea ‘to cut emissions by 37% by 2030’

South Korea has planned to cut emissions by 37% by 2030. That’s an increase from the 15% to 30% reduction it initially proposed. The target is set to be submitted to the UN today confirming the country’s Intended Nationally Determined Contribution (INDC). That’s part of a new global emissions reduction deal which will be agreed at […]

Inenco – Great to win two TELCA awards

Inenco took home the ‘Consumer Champion’ and ‘Energy Buying Team’ titles at The Energy Live Consultancy Awards (TELCA) last week. Chief Commercial Officer David Cockshott said the first award was “the best one to win”. He added: “TPIs often get a bad name but actually what we’re there to do is help customers get the best out […]

Scotland builds trade links with Japan

Scotland is strengthening business and trade links with Japan. The Scottish Government’s priority areas include food, drink, life science and the renewable energy sectors. Fiona Hyslop Cabinet Secretary for External Affairs, set out the priorities at the British Chamber of Commerce in Tokyo. Scotland’s direct exports to Japan is currently worth around £295 million. Ms Hyslop said: “There […]

Turkey’s largest geothermal plant lent $20m

A London based bank is lending  $20 million (£12m) to help build Turkey’s largest geothermal power plant. The Efeler facility is being built by a subsidiary of Güriş Holding, a Turkish renewable energy company. The plant’s five units – three of them already operational – are situated near the western town of Germencik. When completed later this year, […]

Oil price drops – DMR

The price of oil has fallen, according to npower’s daily market report. Brent retreated from $65 a barrel (£41/Bbl) on Friday and is currently trading below $63 a barrel (£40/Bbl). Ben Spry from npower’s optimisation desk said: “Domestic US oil production is continuing to post impressive numbers at just under 10m barrels day. “We have also […]

Cycling and walking ‘saves UK £1m a day’

The UK economy has saved more than £1 million a day by cycling and walking. That’s the equivalent of more than £7 billion in total since the National Cycle Network was created 20 years ago, a new report claims. The savings have been made as a result of improved health and reduced congestion, pollution and greenhouse gas […]

The Daily Market Report – 30th June 2015

Find out what’s influencing gas supply, power prices and what you should watch out for in the new daily market report on the energy market from the optimisation desk at npower. The npower Optimisation Desk team uses technical terms when it is presenting the latest energy market news. For clarification of any terms, please click […]

World’s first electric double-decker bus to hit London

The world’s first electric double-decker bus will be rolled out in London this year. The capital city will start the trial from October, with the zero-emissions bus running between Cricklewood and Victoria Station on route 16. The decision is part of Mayor Boris Johnson’s plans to reduce half of NOx emissions from the bus fleet by […]

US issues final $1.8bn for nuclear project

The US Department of Energy has provided its final $1.8 billion (£1.1bn) loan for a nuclear project plant in Georgia. It had previously issued $6.5 billion (£4bn) for the Vogtle project which is said the first new nuclear power plant to be licensed in more than three decades. The loan will help build two new reactors with a capacity of 1,100MW […]