Daily Debrief

Draft government policy on the need for and standards applicable to nuclear energy generation projects seeking development consent.

We're seeking views on the draft of the new nuclear National Policy Statement (EN-7), applicable to nuclear power stations expected to deploy beyond 2025.

Watchdog’s flagship report says rise in low-carbon electricity will make transition ‘inevitable’, despite Trump’s calls to carry on drilling Renewables will grow faster than any major energy source in the next decade, according to the world’s energy watchdog, making the transition away from fossil fuels “inevitable”, despite a green backlash in the US and parts of Europe. The world is expected to build more renewable energy projects in the next five years than has been rolled out over the last 40, according to the flagship annual report from the International Energy Agency (IEA). Continue reading...

Energy group will tap shareholders and increase debt to finance £33bn investment plan

Nobody doubts chunky spending is necessary to improve the grid. But how much of that money will be funded through consumer bills? It is a “once-in-a-generation opportunity to upgrade the UK electricity network”, gushed Martin Pibworth, the chief executive of SSE, and you can understand his excitement. The great grid upgrade has put a rocket under his share price. SSE’s shares soared 17% on Wednesday as the group laid out plans to spend the phenomenal sum of £33bn – more than the company’s current stock market value – over the next five years. That’s terrific news for SSE shareholders, but the stock market’s enthusiasm will do nothing to quiet two big worries about the sprint to upgrade the electricity grid. Has the regulator Ofgem – under orders from the government to get the upgrade done by 2030 – had to throw gold in the path of SSE, Scottish Power and National Grid Group, the trio behind the overall £80bn network investment programme? And what does it all mean for electricity consumers – households and businesses – who will fund this upgrade through their bills? Continue reading...

Government grants planning permission for landmark project at Cory's Riverside energy from waste facilities

Partnership offers drivers access to fully automated, intelligent EV charging systems that access the cheapest and cleanest electricity available

Largest grid stability project to date to strengthen grid resilience without relying on traditional fossil fuel plants

The company plans to spend two-thirds of that to upgrade wiring and increase high-voltage grid capacity to get power from the north to customers in the south.

International energy watchdog sets out new scenario to reflect fading commitment to climate change

The FTSE 100 firm said around 80% of its 'fully-funded' investment strategy until 2030 will be invested in regulated UK electricity networks

Availability of electricity to keep models running is becoming the critical factor in technology’s development

European energy giant claims to have become the 'world's first energy company to complete a green transformation from fossil fuels to renewable energy'

ANALYSIS | Commentators say oil giant has been heading for the exit for some time – what's more ominous is its inability to find a taker for 3GW of prime floating real estate

While some see the technology as vital in fighting climate change, others struggle to see the business case