Centrica ‘to spend less than planned on assets’

Centrica expects to spend less than its initial target of £1.05 billion to upgrade or buy assets in 2015. That’s mainly due to a cut in investments for exploration and production of oil, with its spending forecast to be less than £800 million. It said its full-year earnings are in line with expectations despite a second round of retail […]

Airports sign partnership to cut emissions

A partnership to cut emissions from airports has been launched at COP21.  It was signed by the United Nations Framework Convention on Climate Change (UNFCCC) and Airports Council International (ACI). It aims take the industry towards climate neutrality with energy efficient lighting, cooling and heating systems. It will also use solar energy and climate-friendly ground transportation. ACI will support the UNFCCC’s […]

E.ON invests in US energy storage start-up

E.ON has invested in an American energy storage start-up. It aims to make energy storage “a fundamental part of a cleaner, more intelligent and distributed energy infrastructure”. Greensmith’s software helps optimise the performance of energy storage by lowering costs and maximising the system’s return on investment. E.ON has bought stakes in more than a dozen start-ups in the […]

Gas system long – DMR

The UK gas system is slightly oversupplied again today, according to npower’s daily market report. The linepack is forecast to close 2mcm long despite higher temperatures driving demand up. Total domestic demand has picked up to more than 195mcm today although temperatures are still around 3°C above normal. Tim Carter from npower’s Optmisation Desk said: […]

Activists arrested at Louvre in oil protest

A few activists were arrested at the Louvre in Paris yesterday in protest against oil giants Total and Eni sponsoring the museum. The demonstrators created an ‘oil spill’ on the floors and hundreds stood outside with umbrellas which read “Fossil Free Culture” whilst performers dressed as ‘climate angels’. Posters outside of the museum read: “Dear Louvre, when […]

Fuel prices ‘need to be more transparent’

The way fuel prices are calculated needs to be clearer to consumers. That’s according to Quentin Willson, Lead Campaigner for FairFuelUK. FairFuelUK launched an inquiry on ‘road fuel pricing’ yesterday. Mr Willson added:  “The general feeling amongst consumers – and we have 1.2 million supporters at FairFuelUK – is that this is a very, very […]

UN’s $5bn scheme to boost Africa’s green energy

The United Nations has launched a $5 billion (£3bn) initiative to expand renewable energy capacity in Africa. The announcement was made by Secretary-General Ban Ki-moon at COP21 in Paris. The Africa Renewable Energy Initiative is led by the African Union’s NEPAD (New Partnership for Africa’s Development) the African Group of Negotiators, the African Development Bank, […]

UK EV charging network ‘needs more access to power’

The UK “probably has the best electric vehicle (EV) charging networks in the world” but it needs charging points and more access to power. That’s according to Simon Crowfoot, Managing Director of Ecotricity’s ‘Electric Highway’. The Electric Highway started in July 2011 with a single EV charging point and now covers “almost the entire motorway network in […]

EU supports climate action with €475m boost

The European Union (EU) has signed a deal to provide €475 million (£345m) to 79 countries to help tackle climate change. It aims to support climate action, resilience building and the environment in Africa, the Caribbean and the Pacific States (ACP) up to 2020. The agreement, made at the COP21 conference in Paris, is the 11th […]

Gas system long – DMR

The UK gas system has opened oversupplied this morning, according to npower’s daily market report. The linepack is forecast to close 15mcm long. Demand remains lower than seasonal normal levels and is being suppressed by warmer temperatures which are almost 2°C above what was predicted. Alex Guiot from npower’s Optimsation Desk said: “These mild temperatures prevail […]