They said this would help the UK Infrastructure Bank, which will launch in the Spring and operate UK-wide, unlock billions more in private finance to support £40 billion of infrastructure investment that will fire up the economy and help achieve the UK’s commitments on net zero and levelling up. It will also play a key…
The recently powered-up IFA-2 is the product of a £700 million shared investment between the National Grid and the French power firm Réseau de Transport d’Électricité (RTE). IFA-2 physically connects the UK and France’s electricity systems, giving Britain access to France’s nuclear and renewable energy and vice versa. With a 1 gigawatt (GW) capacity and as the UK’s sixth operational…
Robert Buckley, head of relationship development at Cornwall Insight, said: “Cornwall Insight modelling suggests it now looks likely that we will see a substantial rise in the summer energy price cap period, completely reversing the fall that was seen in October. This increase was driven mainly by a rebound in the wholesale cost of energy over the latter…
Now that the UK has formally exited the transition period for leaving the EU, policy makers must contend with not only a pandemic, but the UK’s strategy for sourcing energy sustainably in the coming decades. Previous governments had the luxury of North Sea oil and gas, but now governments of the future must face up…
As the UK takes its first steps away from the EU, there are still plenty of open questions about how it will align with Europe on climate policy, and in particular, with the EU’s flagship emissions trading scheme (ETS). On 31 December, the UK left the EU ETS, which obliges big industries and airlines running…
Britain’s electricity grid operator is pushing deeper into the turbulent waters of the North Sea, seeking to support the government’s $27 billion program to build up the offshore wind industry. Executives from National Grid Plc meet government officials on Thursday to discuss how a growing tangle of projects offshore can be best connected to the…