Thousands of oil and gas workers operating on the British continental shelf are on strike to demand fairer wages and working conditions, highlighting the windfall profits made by these companies.
The UK wants to replace aging nuclear power plants. To this end, it is launching a competition for SMRs to stimulate investment in the nuclear energy sector.
Despite efforts to reduce greenhouse gas emissions, the United Kingdom plans to keep coal-fired power plants on standby for next winter.
The British government has announced a three-month extension of the household energy price cap, which should have been raised by April 1. The measure, which caps bills at £2,500 a year for the average household, is expected to bring relief to Britons in the midst of the cost of living crisis.
EDF’s decision to extend the life of two nuclear power plants at Heysham 1 and Hartlepool for two years has been welcomed by the UK government and Centrica. This will strengthen the country’s energy supply and security.
The UK government is committing to carbon capture and nuclear power by investing nearly £20 billion to achieve its goal of carbon neutrality by 2050. Jeremy Hunt, Chancellor of the Exchequer, is expected to present the details of this initiative in the upcoming budget.
France and the United Kingdom have concluded two agreements in the field of energy covering renewable energy, nuclear safety and electricity interconnections.
EDF Energy has announced a two-year extension to the life of its Hartlepool and Heysham 1 nuclear power stations in the UK. This decision will invest £1 billion over the period 2023-25 to help UK power stations maintain production.
The oil sector continues to be controversial as the profits of the majors have soared due to rising energy prices. Meanwhile, executive compensation at these companies has also skyrocketed, prompting outrage from critics.
RWE has strengthened its solar and storage capabilities by acquiring JBM Solar. With this acquisition, RWE takes control of a pipeline of mature projects with a combined capacity of 6.1 GW, positioning the company among the three largest solar developers in the United Kingdom.
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