Read our top five energy-related news stories from the last couple of weeks. Energy is always in the news in one way or another, from renewable energy technology advancements and the latest from the ‘big six’ energy suppliers to advancements in energy saving and sustainability. In this blog, we share more about our favourite energy news stories from the last couple of weeks:
- Shell reports highest profits in 115 years - Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia's invasion of Ukraine. Profits hit $39.9bn (£32.2bn) in 2022, double last year's total and the highest in its 115-year history. Read more here...
- National Grid ESO forecasts strong transmission capacity growth, but concerns over infrastructure in the South - National Grid ESO has released its Electricity Ten Year Statement (ETYS) 2023 publication, forecasting strong capacity growth for the Electricity Transmission System particularly in Scotland, North Wales and East Anglia, but also highlighting concerns over interconnector infrastructure in the South of England. Read more here...
- This could be the last energy crisis”; Octopus’ Jackson - The past two years’ turmoil in world power and gas supply could yet make it ‘the last energy crisis’, Octopus Energy founder Greg Jackson hopes. Enduring losses and commercial pain could be a price worth paying, on the way to building what Jackson today calls “a cleaner, cheaper, more resilient energy system”. Read more here...
- Sizewell C nuclear plant approval faces legal challenge - Together Against Sizewell C argue permission given by government for power station was granted unlawfully. Read more here...
- Energy bills: Magistrate quits over force-fitting meter warrants - A magistrate has said he quit after being left unable to check vulnerable people were being protected when energy firms sought warrants to force-fit prepayment meters. Read more here...
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