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Race in onshore energy networks

Race in onshore energy networks: UK’s onshore electricity network market will soon undergo a serious overhaul. The government has revealed details of the meeting on the introduction of a framework that would give access to competition in onshore electricity networks. Currently, electricity network companies are liable for building, owning and operating electricity network infrastructure, ensuring it’s ready to meet the energy…
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Energy crisis intensifies & bp’s profits increase

Energy crisis intensifies & bp’s profits increase bp‘s profits hit $8.45bn (£6.9bn), more than three times the quantity it made in the same period the previous year. Like peers, the company was able to capture the benefit of high energy prices translated into the 2nd highest number in the firm’s history. In its second quarter outcome…
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Latvia’s response for Russia’s gas cutting

Latvia’s response for Russia’s gas cutting Latvian officials have reassured homes & businesses that there will be no major interruption to energy security after Russia’s choice to wipe out gas supplies to the country. “Today, Gazprom stopped its gas supplies to Latvia specified in the July request due to a violation of the conditions established…
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EthosEnergy promotes fixes for sustainable energy

EthosEnergy promotes fixes for sustainable energy: One of the significant trends in the formulation of Israel’s energy policy is the adoption of a circular model that offers efficient use of resources in industrial plants and power plants, to slow down the effects of the climate crisis and accelerate the transition to sustainable energy. In view…
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2/3 energy professionals say market needs reform

2/3 energy professionals say market needs reform: A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, conducted by Cornwall Insight, from the attendees of it’s Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market…
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Profound transition for UK energy sector

Profound transition for UK energy sector The UK’s electricity sector is in a process of profound transition, Energy UK has stated. As the UK needs to cut out the sector’s resting carbon emissions, it also needs to increase domestic power generation capacity to meet electricity needs that is set to boost up by more than…
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Today marks Ofgem’s Centralised Switching Service launch

Today marks Ofgem’s Centralised Switching Service launch Today is the 1st day for Ofgem‘s Centralised Switching Service (CSS). The new scheme requires suppliers to ensure converting is accomplished within 5 working days. It is anticipated to save time and make the whole switching conversion process effortless for domestic and non-domestic customers, correlated to the present…
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UK’s first red extreme heat warning

UK’s first red extreme heat warning The UK’s energy networks are well equipped for the record shattering heat wave that may come in the near expected hours, the Energy Networks Association (ENA) has stated. On Friday, the Met Office gave out the first ever red warning for extreme heat for today and Tuesday. The Mayor…
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Elexon’s future ownership reviewed by Ofgem & GOV

Elexon’s future ownership reviewed by Ofgem & GOV The Department for Business, Energy and Industrial Strategy & Ofgem have launched a consultation on the future ownership of Elexon, the balancing and settlement agent for Britain’s electricity market. While Elexon’s shares are owned entirely by National Grid Energy System Operator, it is operationally and financially independent…
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People may have to ration energy this winter

People may have to ration energy this winter Europe to expect a “really tough” winter amid rising energy costs. That’s the implication from Shell’s Chief Executive Ben van Beurden who spoke within the Aurora Spring Forum in Oxford. “We will all face very significant escalation in energy prices. In the worst case, Europe will need…
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