Energy giants, trade associations and other stakeholders have launched a new initiative aiming to pressure policy makers to clean up the continent’s power market.
The UK power market’s transition to a more decentralised, decarbonised and digitalised grid is happening faster than regulation can keep up, Ofgem’s Andrew Wright has said.
The National Audit Office has rounded on the government’s decision to pursue the £18 billion+ Hinkley Point C project, describing it as “high cost and risky”.
UK power giant Centrica has disposed of the last of its combined cycle gas turbine (CCGT) power stations in the UK to focus primarily on decentralised generation assets.
Swedish state-owned energy giant Vattenfall has set its sights firmly on the so-called Big Six’s market share with the purchase of its own consumer supplier.
The renewables and decentralised energy generation industries have slammed Ofgem’s decision to cut embedded benefits, warning that it risks damaging next-generation power flexibility.
Mayor of London Sadiq Khan has said he wants the capital to lead the way in smart and clean technologies, and has unveiled a new incubator fund to help achieve that goal.
