Drax announces new biomass acquisition

The company aims to double its sales of biomass by 2030

‘New energy models can stop utilities going bust’

Only 22% of energy companies are looking at new energy business models but a new report suggests this could be critical to stop them being wiped out

World Bank: Carbon pricing covers more than a fifth of global greenhouse gases

Carbon pricing instruments generate around $5bn in revenue, representing a 17% increase from last year, however, the full potential of carbon pricing ‘remains largely untapped’

Revenue from green taxes ‘made up just 6% of total tax take last year’

A recent report suggests the government is not doing enough to discourage polluting behaviours

Ørsted finds it has overestimated the amount of power turbines can produce

The offshore wind farm developer’s troubling finding could mean offshore wind energy revenues are significantly lower than expected

Octopus Energy’s new tariff offers cash for solar power export

It comes as the government’s Feed-in Tariff (FiT) scheme closes today

EDF revenues fall as nuclear profits drop off

EDF has pledged to step up its renewable energy efforts as its sliding nuclear business sees revenues fall. The French energy giant’s overall annual results for last year show a 16% drop in earnings before interest and tax, falling to £12.2 billion. Earnings in the UK fell by around a third as the company received lower […]

Ofgem threatens to fine network operators over poor customer service

Ofgem has threatened to cut the revenues of power distribution network operators (DNOs) by £13.9 million if they fail to improve customer service. DNOs own and operate the distribution network of towers and cables that bring electricity from the national transmission network to homes and businesses. There are 14 electricity distribution networks owned by six […]

Global demand response capacity ‘to grow to 144GW by 2025’

The global demand side response (DSR) capacity market is expected to grow to 144GW by 2025. That’s an increase from nearly 39GW this year, according to a new report. It states new business models, technology and software use will act as key enablers of future DSR adoption. DSR is a scheme where customers are incentivised […]

Green taxes raised £44.6bn in 2014

The amount raised in green taxes has more than doubled in two decades in the UK. A new report from the Office for National Statistics (ONS) revealed revenue from taxes on fuel, cars, energy bills and flights stood at £44.6 billion last year – 2.5% of the UK’s GDP. The figure totalled £17.6 billion in […]