Lord Teverson, chair of the European Union Energy and Environment Sub-Committee, has asked for urgent reassurance from the government that it will be able to take responsibility for the UK’s nuclear safeguards from 30 March next year when the UK…

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Lloyds Bank has announced a £100 million fund to provide discounted lending for small businesses so they can bid for supply chain opportunities at Hinkley Point C. Small business customers can apply to the fund which will waive arrangement fees on lending directly…

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The Capacity Market’s ‘pay as clear’ auction format means consumers end up over-paying for the plant secured, according to Inenco. The company made the claim in response to a National Audit Office finding that consumers would over pay by £100…

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There has been a “dramatic and worrying collapse” in low-carbon investment since 201, says the Environmental Audit Committee (EAC), and it threatens the UK’s ability to meet carbon targets. The Committee said the government must “urgently plug the policy gap”.…

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There has been “woefully low” takeup of the Renewable Heat Incentive (RHI) scheme run by the Department for Business, Energy and Industrial Strategy (BEIS), says the Public Accounts Committee (PAC), and it has failed to provide value for money by…

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Anesco is on track to more than quadruple its operational battery portfolio by 2020. The company claims a 22% share of all operational utility scale storage units in the UK and 47% of the non-EFR capacity. Now it plans to reach…

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London Mayor Sadiq Khan is set to launch a tender this week for a new energy company to supply Londoners. The initiative is part of the London Environment Strategy, published last week, which includes carbon budgets aiming to reduce the amount of greenhouse gasses…

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Network company SSEN has put forward proposals that would allow distribution network operators (DNOs) to halt vehicle charging in the event of stress on the local grid. The proposal was seen by companies speaking to New Power as likely to…

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Power company China Three Gorges has announced a cash tender offer for Energias de Portugal (EDP). The Chinese company already owns 23.27% of EDP. The total tender offer value is equal to €11,848 million for 100% of EDP’s share capital and to…

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Gas network company Cadent has announced ambitious plans to begin sourcing and using hydrogen as a replacement for natural gas. The HyNet project is 30-year, £900 million, plan centred on a new production facility, probably located in Cheshire, that would…

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