Giant Tesla batteries help balance UK’s electricity grid for the first time

Tesla has become the first user to participate in National Grid ESO’s balancing mechanism scheme with the new application programming interface

Private investment in US oil, gas infrastructure ‘to exceed $1.3tn by 2035’

Private investment in US oil and gas infrastructure could help create more than one million jobs. A new report, which looked into the amount of infrastructure development likely over the next two decades, forecasts private investment to exceed $1.3 trillion (£1tn) by 2035 if the right regulatory policies are in place. It suggests up to […]

Ofgem reduces allowed revenues for network operators

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 […]