Month: November 2016
National Grid has been awarded £20 million for innovative energy projects. The operator will use £11 million of the funding, provided by Ofgem, for two projects which will explore lower carbon alternatives to natural gas. It will carry out a green heating project by injecting hydrogen into Keele University’s gas network to cut carbon emissions. […]
Spending on decommissioning offshore oil and gas projects is expected to see a 540% increase by 2040. Annual costs are forecast to rise from $2.4 billion (£1.92bn) in 2015 to $13 billion per year (£10.41bn) during the same period, according to a new report from IHS Markit. More than 600 projects are expected to be removed within the next five years. A further 2,000 will […]
UK supplier Co-operative Energy is to supply power and gas to all 160,000 customers of GB Energy. It follows GB Energy‘s announcement to cease trading. According to energy regulator Ofgem, the decision follows a “competitive process we’ve run to get the best deal possible” for customers. Co-operative Energy said it will offer GB Energy Supply’s customers the same […]
Ofgem has announced it has reduced the revenues that energy network operators are allowed by £510.5 million for the next year. The regulator makes annual adjustments for revenues they can collect from customers. The decision to reduce the allowed revenue is due to less spending required to deliver outputs, lower interest rates in debt markets and […]
The UK gas system is 5mcm long, according to npower’s daily market report. That’s despite demand being 66mcm above seasonal normal levels. Rodney Johnson from the Optimisation Desk said: “Temperatures are around 3°C below seasonal normal levels although latest forecasts show it will be warmer from the middle of next week.” On the power system, […]
Industry: Smart Homes / Connected Products Location: Home Based – International Travel Salary: Up to £80,000 + Commission & Benefits Reference: CH45 The Client McLean Ross are currently partnered with a leading smart energy technology company who are developing technologies that are designed from a user centric approach. Their hardware and software are simple, optimising […]
The negative impacts to the environment produced by the oil and gas sector in the UK has fallen in the last 15 years. That’s in line with the decline of the country’s industry production and the effective use of the best available techniques, according to a report by Oil & Gas UK which captured the sector’s […]
Energy Live News brings you The Daily Market Report provided by npower. The npower Optimisation Desk team use technical terms when they are presenting the latest energy market news. For clarification of any terms, please check below. If you’d like to know more about our Energy Market services, please contact the team: [email protected]. All electricity […]
Leading businesses are calling for more ambitious green policies from the EU. According to a new report from The Prince of Wales’s Corporate Leaders Group (CLG), many companies believe the current renewables directive needs to be reworked. The CLG, which brings together 24 global businesses employing two million people worldwide, questioned 10 businesses, including BT, GlaxoSmithKline and Philips […]
A contract has been awarded to build a sustainable energy centre at Liverpool University. Vital Energi will install the £1.5 million low carbon Combined Heat and Power (CHP) plant at the university’s new halls of residence. Greenbank Student Village is around three miles away from the main campus and will provide energy for its 1,300 students with six boilers, two CHP […]