News

Sunak restores fracking ban but blows cold on onshore wind

So Energy looks to raise £50m to firm up finances

Mild weather and near-full storage see gas prices tumble

Mild October weather and the filling of storage across Europe have seen gas prices tumble in recent weeks following the extreme highs seen towards the end of last month. The prices of both month-ahead and winter-ahead contracts have fallen by more than half following the extreme highs at the end of August. However, ICIS gas and LNG analyst Alex Froley tells Utility Week prices are still far from "normal" and that concerns remain about how storage will be refilled in summer 2023 in time for the winter afterwards.

Ofwat chair: Ban directors of poor performing companies

Imbalances between regulators and networks must be resolved

National Grid to debut ‘grid park’ concept

Shapps appointed BEIS secretary; Coffey returns to Defra

Centrica to inject hydrogen into gas peaking plant

Yorkshire gives debtors breathing space

Energy crisis sees reversal of long-term decline in PPMs

Ofwat warned price cap proposals risk supplier failures

National Grid begins recruiting for heat pump flexibility trial

Move to spread network upgrade costs are ‘not equitable’

Majority support for public ownership of utilities

Weekend press round-up: Ovo on watchlist for nationalisation

In our latest round-up of national media coverage Ovo Energy was considered by Ofgem to be at risk of failure earlier this summer, prompting the regulator to prepare for its potential nationalisation. Elsewhere, Energy UK has said the government's revenue cap on low carbon electricity generators will have “catastrophic consequences” for investment in green technologies.