National Grid have announced the appointment of John Pettigrew as their new chief executive. However, Steve Holliday, the outgoing head, has said that the upcoming winter will be a “tight” one.
French energy company EDF has purchased the Dungeness Estate on the southern Kent coast, which used to belong to filmmaker Derek Jarman, for £1.5 million. EDF already owns the Dungeness B power station just next to the estate, making it one of the largest employers in the area.
A number of different energy companies have spoken out about the effect that the green subsidy cuts will have on their ability to renew ageing wind farms.
The United Nations has assessed the climate change proposals, which have been put forward by 146 different countries. They commented saying that the plans that have been submitted do not go far enough.
On Tuesday, for the first time in three and a half years, the price of natural gas from the US fell to under $2 per mBtu (million British thermal units). The base price of US natural gas has now fallen 15% in the last three quarters.
The Mayor of London has joined the raging debate currently surrounding the planned cuts to the solar industry, which have been put forward by the conservative energy minister.
On Monday, a spokesman from the White House announced that a further 68 companies had signed the “American Business Act on Climate Pledge”- adding to the 13 companies that originally signed. However, there are several big energy companies whose names can still not be found on the dotted line.