LONDON (Reuters) – The British government’s last-minute efforts to keep the lights on this winter after several power stations closed were costly and relied too heavily on fossil fuel power generation, a committee of lawmakers said on Thursday.
In a report, the House of Lords’ Science and Technology Select Committee examined the resilience of Britain’s electricity system after the capacity margin – the surplus of electricity generating capacity over demand – was reduced in the winter of 2014/15, prompting fears of blackouts.
LONDON, March 11 (Reuters) – The escalating final cost of
cleaning up hazardous waste at Britain’s nuclear site at
Sellafield is still uncertain, as government officials and the
site’s owners and managers cannot not guarantee when costs would
Last year, Britain’s Committee of Public Accounts criticised
the management of Sellafield in northern England for huge cost
overuns, delays on projects and expensive staff.
FRANKFURT/LONDON, March 9 (Reuters) – European power and gas
traders fear that a raft of new regulations thought up after the
credit crisis and gradually applying to their sector could raise
compliance costs and hamper liquidity by putting off new
entrants into the market.
Their concerns focus on the future definition of forward
contracts and of traders’ hedging activities, as well as risk
and equity capital requirements under the Markets in Financial
Instruments Directive (MiFID) and other incoming regulation.
LONDON (Reuters) – The British government rejected calls on Sunday to raise taxes on diesel vehicles to reduce air pollution but said it will consider a national network of low-emission zones.
Britain has consistently failed to meet European Union limits on nitrogen dioxide, which is produced by diesel engines and is harmful to respiratory systems, as well as another pollutant, known as diesel particular matter.
LONDON (Reuters) – Global carbon emissions from energy use will grow at 25 percent between 2013 and 2035, a slightly slower rate than previously estimated, BP said on Tuesday, but still above the rate scientists say would avoid the worst effects of climate change.
Emissions are expected to increase at an average rate of 1 percent per year from 2013 to 2035, but that remains well above the path recommended by scientists, BP said in its annual report Energy Outlook 2035.
ESSEN, Germany, Feb 11 (Reuters) – The European Energy
Exchange (EEX) expects Italy’s energy trading market to flourish
and plans to launch gas contracts there as more companies shift
from bi-lateral supply deals to market alternatives, its chief
executive said on Wednesday.
EEX, continental Europe’s biggest energy bourse, launched
Italian electricity contracts last April to compete with those
offered by Borsa Italiana.
BRUSSELS/LONDON, Feb 4 (Reuters) – Europe’s green transport
sector, still in its fledgling stages, is set to receive more
regulatory support as the slump in oil prices tempts drivers
back to gas guzzlers.
Renewable power, such as wind and solar, is an increasingly
established technology, competitive with conventional fuel and
no longer affected by movements in the oil market, analysts say.
PRAGUE/LONDON, Feb 2 (Reuters) – U.S. energy major Chevron’s
decision to stop exploring for shale gas in Poland has
highlighted the sector’s uncertain future and role in
strengthening energy security in Europe, analysts said on
A shale gas boom in the United States over the past few
years has reduced its energy dependence, but Europe is in the
early stages of development and no commercial drilling has yet
LONDON, Jan 22 (Reuters) – New penalties for energy market
abuse, including potential prison terms for people who
manipulate the gas and electricity markets, could come into
force in April, the British government said on Thursday.
Energy regulators can currently investigate and fine people
found breaching rules but cannot send them to prison or impose a
LONDON/PARIS (Reuters) – German utility E.ON’s breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range widely.
As ageing first-generation reactors close, the true cost of decommissioning will be crucial for the future of the nuclear industry, already ailing following the 2011 Fukushima disaster and competition from cheap shale gas, falling oil prices and a flood of renewable energy from wind and solar.