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The European Commission has lodged an appeal against the court ruling that resulted in the recent suspension of the capacity market, the boss of Tempus Energy has confirmed.
6 years ago
The boss of Energy UK has backed the government’s “common sense” response to the suspension of the capacity market, saying he is “confident that it offers a way out of this impasse”.
The government should work on a back-up plan for the capacity market in the event the European Commission does not reapprove the scheme, Rachel Reeves has warned.
The boss of Tempus Energy has slammed the government for refusing to reform the capacity market, whilst urging ministers to “start being honest” with investors and parliament.
Electricity generation in the UK fell to 335TWh in 2018 – the lowest level since 1994
The government has announced its intention to resume collecting capacity market payments from suppliers during the current standstill period.
Drax has completed its acquisition of a 2.6GW portfolio of gas, hydro and pumped storage assets operated by Scottish Power from its parent company Iberdrola.
The suspension of the electricity capacity market risks further undermining investor confidence in the power sector, which is already shaky as a result of Brexit, the chair of the Business, Energy and Industrial Strategy (BEIS) committee has warned Claire Perry.
Drax has announced amended terms for its deal with Iberdrola to buy 2.6GW of hydro, pumped storage and gas generation assets from its subsidiary Scottish Power for £702 million.
But while the unexpected victory of “the little guys” over what has been termed in
The energy industry was already in turbulent waters. Suppliers were gearing up for the fast-approaching
So, what does this tough business environment then mean for health and safety? While accident
The government intends to run the postponed T-4 auction which was due to take place
