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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Hinkley Point B shutdown may affect grid

Hinkley Point B shutdown may affect grid The nuclear power station Hinkley Point B (HPB) in Somerset will withdraw from generating electricity today at 10am. The shutdown comes among worries over Britain’s winter energy stock as Russia chokes off gas flows to the EU. It is predicted that the closure of the plant will take…
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£1bn from gov to help to seal Bulb takeover deal

£1bn from gov to help to seal Bulb takeover deal Octopus has allegedly asked the government for £1bn in taxpayer cash to finalise the takeover deal of Bulb. According to Sky News, the deal may involve Octopus, the reported only bidder, paying up to £200M to take on Bulb’s 1.6 million customers. It has been…
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Cornwall Insight reacts to BEIS meeting on REMA

Cornwall Insight reacts to BEIS meeting on REMA Gareth Miller, Chief executive at Cornwall Insight said: “Confirming the Review of Electricity Market Arrangements (REMA) opens the prospect of a complete overhaul of the electricity market in Great Britain, for the first time in over 20 years. The scope is very wide, and the perceived need…
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More energy bill support for households in need

More energy bill support for households in need The government has been urged to offer more aid to households in need amid energy catastrophe. The call follows predictions from the Chief Executive of Ofgem in the past week and analysts’ estimated that energy costs are heading above £3.2k a year in the up-coming months. Trade…
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Additional £5M package to Ukrainian energy sector

Additional £5M package to Ukrainian energy sector The government has announced a £5 million support package to bring security & safety equipment to Ukraine’s civil nuclear sector. Items considered to be high priority, including radiation monitoring devices, communications systems and other personal defensive equipment will be given to the war torn country. The equipment is…
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GB sees largest renewable energy auction at low prices

GB sees largest renewable energy auction at low prices: Today, the government released the results for the fourth round of the Contracts for Difference (CfD) scheme, securing a record 11GW’s of renewable capacity across 93 projects, nearly double the 5.8GW awarded in the 2019 Allocation Round 3. The greatest capacity – almost 7GW – has…
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Ingenza awarded funding for novel carbon capture tech

Ingenza awarded funding for novel carbon capture tech: Biotechnology company Ingenza is delighted to announce that its recent partnership with Johnson Matthey has been selected to receive vital funding of £441,632.88 from the Department of Business, Energy and Industrial Strategy as part of the £1 billion fund from the Net Zero Innovation Portfolio to slash…
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UK puts its focus on speeding up the energy transition.

UK puts its focus on speeding up the energy transition. It is time for the UK to put its main focus on speeding up the energy transition. That’s the proposition from Business Secretary Kwasi Kwarteng who addressed hundreds of delegates of The Big Zero Show at Coventry Building Society Arena: “With gas prices at record…
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Rollout of heat network zones in the UK

Rollout of heat network zones in the UK The government will proceed with its plans to develop heat network zones. A heat network zone is described as a chosen area within which heat networks are the lowest expenditure, low carbon solution for the heat decarbonisation of an area. The government’s disclosure will persue a consultation…
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