⚡EnergyDebrief

Weekly Debrief

Top stories from Sat 8 Nov – Fri 14 Nov

  1. #4

    Supply boom in cheaper renewables will seal end of fossil fuel era, says IEA

    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...

    The Guardian RE
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  3. #10

    SSE is a winner in the great grid upgrade. Who is looking out for consumers and small businesses? | Nils Pratley

    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...

    The Guardian Energy