That’s the forecast from the Oil and Gas Technology Centre and Offshore Renewable Energy Catapult, which suggest new investment in clean North Sea technologies could boost the UK economy by as much as £125 billion each year
The drop was mainly driven by the power sector, where emissions fell by almost 15%, primarily due to coal-fired power production being replaced by electricity from renewables and gas
Wärtsilä claims installing 7GW of flexibility capacity to balance renewable generation could see the share of clean power reach 62%, higher than it says would be possible by deploying wind and solar alone
UK gas prices are currently amongst the lowest in Europe. Wholesale prices are highly competitive, taxes are relatively low, and for business users, at least, network costs account for a relatively low proportion of the bill.
Ofgem and the Energy Market Authority will hold their second bilateral dialogue virtually in the first quarter of 2021
The Planning Inspectorate has given the go ahead following an application submitted by EDF Energy (Thermal Generation) Ltd on 30th April 2019
The Transition Pathway Initiative claims all fossil fuel giants are still wide’ of the 2°C mark, despite a raft of ‘attention-grabbing’ climate commitments
The gas and electricity supplier provided around 130,000 domestic customers with their energy – these customers will continue to receive a supply
The move comes as the Danish energy giant works to shrink its downstream operations and focus on building, owning and operating renewable generation assets
As we enter the new gas year and the position is set out for the coming winter, what is concerning markets and should be of concern to energy buyers?