npower profits down 38%

Energy supplier npower admitted profits are down 38% for the first half of 2014. Profits dropped from £176 million in January to June 2013, to £109 million for the same period this year, according to its half-year performance figures. The UK supplier which is owned by German energy giant RWE said this represents a profit of […]

Seven RWE npower plants in UK could shut by 2023

RWE npower could shut seven UK power stations by 2023, the firm announced yesterday. EU laws on emissions are designed to limit the SO2, NOx and particulate emissions from large power stations. Under the EU Industrial Emissions Directive which comes into effect on 1 January 2016, existing large power plants must either comply with the […]

Horizon opts for fewer nuclear reactors at Welsh plant

The Hitachi owned company Horizon Nuclear Power has opted to build fewer nuclear reactors at a proposed nuclear plant in Wales. This means capacity will be 1.3GW lower than it might otherwise have been. Hitachi bought the firm from RWE npower and E.ON last year and said at the time it planned to build two […]

Profits down 3% for energy supplier npower

Energy supplier RWE npower’s profits for the first half of 2013 are down 3% compared to last year. Their half-year results released yesterday show its retail business made £176 million, a drop on 2012’s performance for the same period. The firm which provides electricity and gas to 6.5 million residential and business customers put the […]

Britain opens world’s second largest offshore wind farm

A 500MW offshore wind farm – the second largest in the world after the London Array in the Thames Estuary – has officially been opened today. Located 23 kilometre off the coast of Suffolk, the £1.3 billion Great Gabbard project has 140 wind turbines, which is expected to generate enough clean electricity to power 530,000 […]

Scottish communities getting £5m from wind farm operators

Communities across Scotland are now receiving £5 million a year from onshore wind farm operators, according to new figures. The Scottish Government Register of Community Benefit from Renewables was launched in September last year and provides a central base for developers to log details of the support they provide. It shows SSE’s Clyde wind farm […]

Guest Blog: Paul Massara – Sort the capacity mechanism out, sharpish

You may find it hard to believe given the intense scrutiny energy firms get from the press – but when I and the chief executives of seven other leading European energy companies sent a letter to EU leaders on 21 May calling for a revitalised energy policy, there was little media frenzy. Yet our letter […]

Coal firm reshuffles to survive 2013

The power firm UK Coal has restructured its business so its mines will survive another year. The firm’s chairman said this means it can go on without calling on taxpayer cash. Now called Coalfield Resources, the business has two arms with mining separated from the property division. By splitting the two, the mining business has become […]

DECC efficiency scheme may ‘cost double’

The Government’s new energy efficiency scheme could slap an extra £94 onto customers’ bills – double the amount previously estimated. That’s according to an independent report commissioned by trade body Energy UK into the Energy Company Obligation, which runs from January 2013 to March 2015. The ECO is replacing the CERT and CESP schemes which […]

Hitachi confirms UK nuclear buy

Japanese electronics giant Hitachi has put pen to paper on the deal to buy the Horizon Nuclear Power project from German energy suppliers E.ON RWE npower. Announced last month, E.ON and RWE npower will pocket £696 million for the company which they set up in 2008. Based in Gloucester, the UK nuclear project intends to […]