UK unveils landmark electricity market reform

Energy Secretary Claire Coutinho is set to announce reforms in electricity markets, aiming to potentially save households £45 annually and unlock £35 billion in savings over two decades

National Grid reveals shortlisted locations for interconnector

National Grid has unveiled the selected locations for its new green energy link to the Netherlands, including landfall, cable route and converter station sites

UK’s largest subsea cable deal sealed

The Eastern Green Link 2 is expected to power two million homes

Coventry University bags £13m to go green

Coventry University has secured nearly £13 million from the government to achieve its net zero target by 2030, with plans to install 1,300 solar panels and connect nine buildings to the city’s district energy network

Drax EBITDA jumps from £731m to £1bn

The increase in Drax’s earnings before interest, taxes, depreciation and amortisation is attributed to growth in system support services and energy solutions

Hinkley Point C delays raise UK blackout risk

Delays in Hinkley Point C construction and other nuclear station closures heighten blackout risk for the UK by 2028 due to increased demand and insufficient capacity, a study warns

UK ‘faces 2028 energy security crunch’

Independent analysis predicts UK will face an energy security “crunch point” in 2028 due to increased demand, asset retirements and delays in new power generation

Iberdrola sells 55% of Mexican business for $6.2bn

Iberdrola has finalised the sale of a majority stake in its Mexican business for $6.2 billion, while retaining its renewables and commercial operations in the country

New CEO appointed to lead Morocco – UK power project

The 3,800 km undersea power cable would be the world’s longest, providing up to 7.5% of UK’s electricity

Top adviser urges government speed on energy overhaul

The National Infrastructure Commission’s Chair has urged the government to expedite measures facilitating private investment in decarbonising the electricity sector