Ratings agency Moody’s regards the new parent company of Cadent, which has acquired National Grid’s gas distribution networks, as “weak investment grade”, it said, announcing a ratings downgrade from A3 to Baa1 for Cadent. Moody’s noted the very low business…

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Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the final quarter of 2019, according to new figures released by Ofgem. The latest information from the regulator showed that there are currently 51…

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A three-month trial conducted by Uber and the Energy Saving Trust (EST) has identified the issues holding back further penetration of electric vehicles into the capital’s fleet of private hire vehicles. The EST said these issues could be summed up…

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A preliminary feasibility study has concluded that offshore wind technology could be viable in several locations off Guernsey’s coast. The study, by Xodus Group, was  funded jointly by the States of Guernsey and Guernsey Electricity. It found that developing a…

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National Grid’s profits from its French interconnector fell 41 per cent from £123m in 2015 to £72m in 2016, the company said in its annual results announced today. The company said this was driven by lower power price differentials between the…

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Project Nexus, the gas settlement reform programme, is set to go live on 1 June after the Project Nexus Steering Group met today to make the final go/no go decision. Yesterday, Ofgem told the steering group it would not delay Project…

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Plans for four large offshore wind farms in the Firth of Forth have had their planning consents restored after a decision from a Scottish court. Together the schemes represent generating capacity of 2.3GW. One of the schemes, Neart Na Gaoithe…

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The UK has climbed back into the top 10 in EY’s index of the world’s most attractive renewable energy markets. However, the firm said this was because of other countries dropping down the table, rather than because the UK’s appeal…

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Trading specialist OpenLink has launched a cloud-based platform for trading, treasury and risk management.OpenLink said the system was developed with 50 of its largest and most sophisticated energy and financial services clients. Customers will have immediate access to  OpenLink’s dynamic…

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Climate policy think tank Sandbag has joined energy firms in co-signing a letter to party leaders, recommending they commit to the Carbon Price Support after 2021 in their election manifestos. The letter argues that the carbon price floor and support…

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