One in four mid-size firms “expect power shortages”

One in four medium-sized firms expect power shortages over the next few winters according to a new survey. The results come the same day as National Grid asked firms to join contracts which would see them trim energy use at peak times during winter evenings, plus have old power plants on standby. Energy Secretary Ed […]

EU bank gives €1.3bn for Italy’s energy security

The European Investment Bank (EIB) has approved a €1.3 billion (£1.08bn) loan to help support the security of gas supply in Italy. The cash will help Italian oil and gas firm Eni’s 26 offshore projects, which include maintaining and upgrading existing wells and facilities as well as installing new platforms. Some of the projects will […]

EDF buys Italian electricity firm Edison

French energy supplier EDF will bump its stake in Edison, Italy’s second largest electricity firm up to 80.7% subject to approval by Italian public authority CONSOB and the firms’ corporate bodies. The deal is in tandem with another Italian utility buying up Edison’s stake in electricity firm Edipower for €600million as well as another €200million […]