Drax fined £6.1m for charging extreme energy prices
UK power firm Drax Group agreed to pay a £6.1 million ($7.5 million) fine for breaching its license, after charging the grid operator excessive prices to reduce its generation.
Drax
National Grid puts coal power on standby to meet UK cold snap
Grid manager National Grid ESO has put two coal-fired power plants on standby in the event that energy supplies are disrupted by a wave of cold weather gripping the UK.
Drax starts exploratory works at landmark Cruachan hydro storage expansion
Drax says it has taken a “significant step forward” in plans to build the UK’s first new pumped storage hydro plant in almost 40 years, with the beginning of preliminary works at Cruachan this week.
UK to set out plans next week on electricity generator windfall tax
The UK plans to announce in the coming days whether it will extend a windfall tax to electricity generators -- a difficult task as the government tries to help consumers struggling with inflation while also supporting renewable energy.
UK could still foist windfall tax on electricity firms’ booming profit
A windfall tax on electricity generators making “extraordinary profits” is still an option, UK Chancellor of the Exchequer Rishi Sunak said Thursday after slapping a similar levy on oil and gas companies.
UK coal-power generation rises to one-month high as wind fades
UK coal-fired power generation jumped to the highest in a month, with wind generation slumping just as morning demand picked up.
Holyrood praised for ‘raising the stakes’ in fight against climate change
The Scottish Government has been praised for “raising the stakes” in the fight against climate change after it published updated proposals to slash carbon emissions.
Five actions to power climate change
As we endure these challenging times, the climate emergency persists, and the planet continues to be threatened. Without a strong and stable economy, the funds to invest in a greener, cleaner future simply won’t be there. Even with the fall in carbon emissions, our modelling shows that the pandemic will only reduce demand through to 2050 by 8%.1
BP, Wood, Subsea 7 among new additions to gender diversity coalition
Energy firms BP, Wood and Subsea 7 are among six new companies joining a coalition to improve gender diversity and inclusion across the industry.
Cruachan power station to get £1m upgrade
Cruachan power station in Argyll is to undergo a £1 million upgrade.
No ‘utopian answer’ to net zero conundrum as ‘whole host of technologies’ needed, Scottish Power chief says
There is no “utopian answer” to meet the UK’s 2050 net zero goal as the solution will require a “whole host of technologies”, the boss of a utility giant has claimed.
Report hails progress in UK’s move towards renewables
The UK’s move towards renewable energy sources has helped drive a faster rate of decarbonisation in the past decade than anywhere else in the world, according to a new study.
Reasons for optimism: Taking stock of carbon reduction achievements and possibilities
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
UK Government go-ahead for gas plant criticised by lawyers
Environmental lawyers are "considering their options" after the Government overruled planning inspectors to give the go-ahead for a new gas power plant.
UK’s last coal-fire power plants ‘disappearing fast’
After powering the British economy for centuries, coal is a dying breed in the nation’s energy mix.
Climate protestors target SSE and Drax sites over gas plant plans
Protesters have targeted two energy companies over developing new gas power stations which they say spell "climate disaster".
Energy bosses backing bid for UK to hold international energy talks in 2020
Energy firms are among leading businesses urging the Government to do everything it can to ensure the UK holds key international climate talks in 2020.
Drax investors rebel over pay and political donations
Drax has received a bloody nose from investors, who vented their anger at executive pay and political donations at the energy firm's annual meeting.
Drax appoint new non-exec director
Drax Group has announced it will appoint a new non-executive director.
Campaigners urge ministers to reject UK’s largest gas power plant
Green campaigners are urging the Government to turn down plans for the UK's largest gas power plant to replace coal units at Drax in North Yorkshire.
Cruachan power station has new owner
Cruachan Power Station in Argyll has started 2019 under new ownership after a £702 million deal completed a minute before midnight on Hogmanay.
Fossil fuels are not against ScottishPower parent’s philosophy
As well as confirming that the vertically integrated UK energy utility model has much in common with the dodo, the Iberdrola sale of generating assets to Drax suggests that different perceptions of merchant power value are now a key strategic differentiator between energy companies.
ScottishPower hits out at accusations of ‘short-changing’ Scotland supply chain
ScottishPower has refuted accusations alleging the firm will shortchange the Scottish supply chain following its commitment to become a fully wind generated firm.
Drax power station says pilot scheme could make it ‘carbon negative’
Britain's biggest power station is piloting the first bioenergy carbon capture storage (Beccs) project of its type in Europe - a move it says could eventually make it carbon negative.
Wind power currently providing lionshare of UK electricity
Drax Electric Insights have pooled data provided by the National Grid and Elexon to show that power from wind turbines has been responsible for the lionshare of UK energy supplies.