Greg Jackson expected to use three-year term on Cabinet Office board to push government to modernise
Keir Starmer has appointed the outspoken founder of Octopus Energy as an adviser, with a remit to challenge government thinking.
Greg Jackson has joined the Cabinet Office board, an influential core of government advisers, as a non-executive member.
Continue reading...Hungary’s foreign minister claims missile strike on energy infrastructure is ‘another attempt to drag us into war’
Ukraine has hit a key pumping station on the Druzhba oil pipeline bringing fuel to Europe from Russia, knocking out supplies to Hungary and Slovakia, the only remaining EU member states still receiving Russian oil.
As Ukraine targets infrastructure crucial to Moscow’s war effort in response to the Russian onslaught, the commander of Ukraine’s Unmanned Systems Forces, Robert Brovdi, announced the attack on the Unecha pumping station in the Bryansk region.
Continue reading...Administrator was appointed after parent company State Oil was given new information about £783m loan
The Prax Lindsey oil refinery collapsed after “material irregularities” were discovered in a complex £783m loan facility that funded the wider group, it has emerged.
The refinery on the Humber estuary in northern England – one of just five left in the UK, – was suddenly plunged into administration in late June, prompting calls from furious government ministers for an investigation into Winston Soosaipillai, Prax Group’s oil tycoon owner.
Continue reading...Danish company blames Donald Trump for derailing its business model after market value drops by a third
Europe’s largest wind power company has blamed Donald Trump for derailing its business model, after it unveiled a $9bn (£6.7bn) fundraising and its market value plunged by almost a third.
The share price for Denmark’s Ørsted tumbled to an all-time low after it told investors on Monday that the “extraordinary situation” facing the industry meant it would need to tap shareholders to cover the costs of its plans.
Continue reading...‘Massive and unpredictable’ swarm entered filter drums that pull in water, Gravelines operator EDF says
The Gravelines nuclear power plant in northern France has been shut down after a swarm of jellyfish entered the filter drums that pull in cooling water, according to its state-owned operator, EDF.
The plant in northern France is one of the largest in the country and cooled from a canal connected to the North Sea.
Continue reading...US carmaker makes move for licence that would allow it to provide energy to domestic and business premises
Elon Musk’s Tesla is gearing up to launch a household electricity supplier in Great Britain in the coming months.
The US electric car manufacturer run by the world’s richest man has formally applied to the energy regulator for Great Britain, Ofgem, for an electricity supply licence, according to a notice published on the watchdog’s website.
Continue reading...Plans have provoked outrage from communities in areas of Great Britain expected to host new infrastructure
The government is pushing head with a plan to offer those who live near new electricity pylons a discount of £2,500 from their energy bills over the next 10 years to ease the backlash against its clean power plans.
Thousands of households within half a kilometre of new or upgraded electricity infrastructure could each receive up to £250 off their annual energy bill from next year to help speed up the rollout of infrastructure critical to the government’s targets.
Continue reading...Company to carry out more tests on its Santos basin find as it continues shift from renewables back to fossil fuels
BP has made its largest oil and gas discovery of the past 25 years off the coast of Brazil as it continues to shift its focus away from renewables and back to fossil fuels.
The Santos basin oil and gas discovery, which is located in deep waters, is the company’s 10th oil discovery of the year and could be its largest since its discovery at the Shah Deniz gasfield in Azerbaijan in 1999.
Continue reading...Government’s deal with EDF, Centrica and other backers marks end of 15-year journey to win funding for project
The UK government has struck a deal worth more than £38bn with private investors to back Britain’s biggest nuclear project in a generation, at the Sizewell C site on the Suffolk coast.
The long-awaited multibillion-pound deal, which will be paid for through taxes and energy bills, gives the final go-ahead for construction of the nuclear project, which has almost doubled in cost from when it was first proposed.
Continue reading...Claims involve former finance minister Cristóbal Montoro and dealings with gas and other energy companies
Just when Spain’s opposition People’s party thought it had the socialist government of Pedro Sánchez on the ropes over a series of corruption scandals, it has been hit by a controversy of its own over alleged trafficking of influences by Cristóbal Montoro, the former finance minister.
It is alleged that Montoro established the “economic team”, a lawyer’s office linked to the finance ministry, which took kickbacks from gas and other energy companies in return for favourable government policy. It is claimed that between 2008 and 2015 Montoro and 27 other accused, among them senior treasury officials, were paid at least €11m (£9.5m) by big energy companies.
Continue reading...Europe accused of ‘trampling over Palestinian rights’ with deal linked to imports from pipeline running parallel to Gaza coast
The EU is “trampling over Palestinian rights” and risks breaching international law, over an energy deal signed with Israel to bring more gas to Europe, a campaign group has said.
A report by Global Witness shared exclusively with the Guardian concludes that the EU could be “complicit in breaches of international law” over a 2022 energy deal linked to gas imports from a pipeline said to traverse Palestinian waters. The NGO has called on the EU to cancel all gas imports linked to the East Mediterranean Gas (EMG) pipeline and terminate the 2022 deal, which was also signed with Egypt.
Continue reading...Energy minister decides against ‘zonal pricing’ backed by Octopus founder but opposed by many other energy firms
Ed Miliband has abandoned plans to charge southern electricity users more than those in Scotland, after senior officials warned it could put off investors and make it more difficult to build renewables.
Sources have told the Guardian that the government has decided not to proceed with the scheme, known as “zonal pricing”, and that the decision will be announced once it has been signed off by the cabinet.
Continue reading...Ofgem opens investigation into National Grid as report finds incident that cut airport power was preventable
The root cause of the substation fire that shut Heathrow airport was a preventable technical fault that National Grid had been aware of seven years ago but failed to fix properly, investigators have concluded.
The final report by the National Energy System Operator (Neso) on the incident said the fire that cut power to the airport on 21 March, affecting more than 1,350 flights, almost 300,000 passengers and cutting power to 67,000 homes, was “most likely” sparked by moisture entering the insulation around wires.
Continue reading...Statement to stock market follows media reports of early talks with BP to create a £200bn UK oil company
Shell has said it has “no intention” of making an offer for the rival fossil fuel company BP after speculation it had been planning a £60bn takeover, ruling out a formal approach for the next six months.
In an official statement to markets on Thursday, the company doubled down on the previous day’s denials that it was planning a bid, after media reports that it was in early talks with its competitor to create a £200bn UK oil supermajor.
Continue reading...RTS meters in 300,000 homes to be phased out rather than turned off on 30 June deadline
As the temperature climbed towards 30C the peril of turning off a system that could leave people with their heating stuck on full must have looked like an avoidable disaster.
On Thursday ministers confirmed the “widespread switch-off” of the Radio Teleswitch Service (RTS), which controls an old type of electricity meter, “will not happen” on 30 June.
Continue reading...Body unveils plans to ban all gas imports from Russia by January 2028 – but faces backlash from Hungary, Slovakia and Austria
The European Commission has insisted there will be no return to Russian gas, as it published plans to phase out fossil fuel imports from its eastern neighbour by 2028.
The EU energy commissioner, Dan Jørgensen, said a proposed ban on Russian gas imports would remain, irrespective of whether there was peace in Ukraine.
Continue reading...System failure caused by network’s inability to control grid voltage said to be behind outage in Spain and Portugal
The unprecedented blackout that brought the Iberian peninsula to a standstill at the end of April was caused by surging voltages triggering “a chain reaction of disconnections” that shut down the power network, an expert report commissioned by the Spanish government has found.
Speaking to reporters on Tuesday afternoon, the country’s environment minister, Sara Aagesen, ruled out a cyber-attack as the cause of the outage on 28 April, saying it had been down to a “multifactorial” system failure caused by the network’s inability to control grid voltage.
Continue reading...Ed Miliband promises to ‘get Britain off the fossil fuel rollercoaster’ with new plant expected to create 10,000 jobs
The biggest nuclear programme in a generation will “get Britain off the fossil fuel rollercoaster”, the energy secretary, Ed Miliband, has said, announcing £14.2bn to build a new nuclear power station and a drive to build small modular reactors.
The multibillion-pound investment at Sizewell C on the Suffolk coast, which has been long expected, will create 10,000 jobs and power the equivalent of 6m homes.
Continue reading...ThyssenKrupp executive warns of ‘collateral damage’ to supply chains and urges protective action on energy pricing
Europe’s steel industry faces being wiped out in the face of Donald Trump’s prohibitive 50% tariffs, high energy costs and a mountain of cheaper Chinese steel, one of Germany’s biggest industrial groups has warned.
Ilse Henne, a board member at the steel, engineering and chemicals group ThyssenKrupp, said the industry faced an existential crisis after the US president’s decision last week to double tariffs on steel and aluminium imports from 25% to 50%.
Continue reading...With Nigel Farage targeting net zero, could government policy change to protect jobs, revenue and votes?
It was inevitable that Nigel Farage would take Reform UK’s campaign tour to Aberdeen. On a visit to the capital of the UK’s oil and gas industry on Monday he welcomed a defecting Aberdeen Conservative councillor, the 13th defection to his party’s ranks in Scotland to date.
Reform is hoping to make political hay from the discontent surrounding the government’s North Sea policies, the demise of the oil and gas basin and the vast workforce that depends on it. The populist party has vowed to reverse the government’s ban on fresh North Sea oil and gas drilling as a “day one” priority if elected to power in 2029.
Continue reading...