⚡EnergyDebrief

Weekly Debrief

Top stories from Sat 5 Sep – Sat 12 Sep

  1. #1

    Speed up electricity grid upgrade or else face higher bills, warns UK watchdog

    National Audit Office says failure to implement £70bn modernisation would also hold back economic growth The ‘great grid upgrade’ is off track – ministers should spell out the risks for bills Consumers will pay higher energy bills unless the UK government speeds up work on a vast programme of upgrades to the electricity grid to enable the switch to renewables, the public spending watchdog has warned. The National Audit Office (NAO) said that without faster action the extra costs associated with managing the ageing power network, which are ultimately passed on to the public, could reach £7.8bn a year by 2030. Continue reading...

    The Guardian RE
  2. #2

    The ‘great grid upgrade’ is off track – ministers should spell out the risks for bills | Nils Pratley

    National Audit Office calls for greater transparency on £70bn programme that is running over budget and behind schedule Speed up electricity grid upgrade or else face higher bills, warns UK watchdog It’s an open secret in the energy industry that “the great grid upgrade” – the £70bn programme to rewire the nation’s electricity transmission network to enable clean power by 2030 – is running over budget and behind schedule, and may end up costing consumers and businesses more in their bills than advertised. How far behind? How much more? It is impossible to get straight answers from the bodies overseeing the massive spending programme, which may continue at an even greater scale into the 2030s. The Department for Energy Security and Net Zero (Desnz), its in-house body, the National Energy System Operator (Neso), and Ofgem, the supposedly independent regulator, publish acres of information on narrow matters, but none provides a clear big-picture assessment: how is the grid upgrade really going? Continue reading...

    The Guardian RE
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  4. #8

    PDi Appointments Oliver Kassam & Mike Nithavrianakis to Board

    Project Development International (PDi), a specialist engineering and project delivery business serving the energy sector, announced the appointment of Mr.Oliver Kassam and Mr.Michael (Mike) Nithavrianakis, OBE MVO to its Board of Directors, as PDi positions to accelerate its growth ambitions across the UK Continental Shelf (UKCS) and international markets. Oliver Kassam joins the Board following […]

    Offshore Energies UK (OEUK)