As the government announce targets to install 53 millionsmart meters in homes in the UK by the year 2020, and as their two colourful mascots, Gaz and Leccy, appear on our tv screens and billboards plugging the scheme, we think it’s about time we clear the air and help you understand what’s going on and how installing a smart meter in your home could help not just you as an individual, but also the energy market and the environment as a whole.
In a speech to be given this week Amber Rudd, the energy secretary, will say that keeping the lights on across Britain now takes priority over the pursuit of green energy.
EDF Actionnariat salarié (EAS) employee-shareholder association has expressed deep concern with regards to the viability of the energy giant’s Hinkley Point C nuclear power plant plans, claiming that the project’s costs and risks are so high that they threaten the survival of the company.
The World Energy Council had announced that following the cuts to green subsidies and increased subsidising of fossil fuel companies, Britain has been downgraded from the top AAA rating, to AAB, according to their ‘energy trilemma index’.
The attorney general of New York has opened an investigation into both ExxonMobil and Peabody Energy in order to find out whether or not they lied to shareholders and the public about the dangers of climate change.
After using their ‘last resort’ emergency powers to implore UK companies to cut their electricity usage, National Grid revealed that yesterday they had to spend at least £2.5 million to prevent severe power shortages after most of their ‘safety nets’ failed.
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.