US power firm scraps $24m nuclear project

The biggest energy company in the US has announced it will not be proceeding with a $24 billion (£15.7bn) nuclear power project in central Florida, reports claim. Delays in licensing of new plants by the Nuclear Regulatory Commission and doubts about cost recovery are believed to have led to the decision, however, Duke Energy said […]

Wind farm licensing ‘could bring higher prices’

The “skewed” way offshore wind farms are licensed could lump far more cost on our energy bills than it needs to, claims a new report from MPs on the Public Accounts Committee (PAC). Ofgem’s and DECC’s new licensing regime is crucial to building more offshore wind power. DECC estimates offshore wind farms could contribute 8-15% […]

Record breaking applications for North Sea licensing

The latest North Sea licensing round for oil and gas has broken all previous records for the number of applications received since licensing began back in 1964,  Government announced today. A total of 224 applications were submitted for the 27th licensing round for 418 blocks of the UK Continental Shelf. Charles Hendry, Minister of State for […]