The T-4 Capacity Market auction has cleared at a record high of £30.59/kW/year, due largely to the decommissioning of old assets and higher capacity needs.
Institutional investor EIG has created a new electricity supplier through the acquisition of a 1381MW of assets from EDF Energy.
EDF has announced the sale of its only gas-fired Combined Cycle Gas Turbine (CCGT) power station in the UK, West Burton B.
Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
Drax has sold on Drax Generation Enterprise to VPI Holdings, passing on its four CCGT plants in the process.
Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.
Following the second successful trial of Arenko's flexibility offering for National Grid ESO, Current± took a look at why its needed, how it works and the benefits of switching to batteries.
The Department for Business, Energy and Industrial Strategy (BEIS) has announced a £10 million grant to help construct the world's largest liquid air battery.
A collection of oil and gas majors are to launch a carbon capture utilisation and storage (CCUS) “anchor project” as part of Net Zero Teesside.