Energy in the United Kingdom
UK energy bills to fall again
The price cap on energy bills for most British households is to fall again, regulator Ofgem announced on Aug. 25, offering mild relief amid the ongoing cost-of-living crisis.
Bills will decline from October thanks to a further fall in wholesale energy prices, which had soared in the wake of the post-COVID recovery and the war in Ukraine.
- Read more about UK energy bills to fall again
- Log in to post comments
Türkiye to invest $200 billion in energy until 2035
Energy and Natural Resources Minister Alparslan Bayraktar has outlined the framework of Türkiye's new investment and reform period in the energy sector, saying the government is preparing for 2035 with a $200 billion project set.
Price of natural gas used in electricity production reduced
Prices of natural gas used in electricity production have been reduced, while gas prices for households have been kept unchanged for January.
The Petroleum Pipeline Corporation (Botaş) announced that the price of gas used was cut by 12.75 percent to 18,000 Turkish Liras/1,000 cubic meters.
The price of natural gas households consume was kept at 4,080 liras/1,000 cubic meters.
Wind, solar energy saves Turkey $7 bln in imports
Wind and solar power generation has lowered Turkey's import bills by preventing $7 billion of fossil fuel imports in the last 12 months, London-based Ember said in a report.
In the following months, approximately $700 million in savings is expected each month if the gas price remains the same, the think-tank predicted.
- Read more about Wind, solar energy saves Turkey $7 bln in imports
- Log in to post comments
Turkey’s installed electricity capacity exceeds 100,000MW
Turkey's electricity installed capacity has exceeded 100,000 mega-watts (MW), Energy and Natural Resources Minister Fahit Dönmez has announced.
The share of renewables in the country's total installed capacity is 54 percent, according to the minister
Ministry of Environment and Energy – Payment facilities to households for gas bills
A small economic boost to the thousands of households that consume natural gas for heating and cooking needs and have borne huge burdens, gives an amendment of the Ministry of Environment and Energy.
More specifically, the payment of energy distribution and capacity bills by household gas consumers, during the months of November and December, is suspended.
Spike in Natural Gas Prices Imperils British Energy Suppliers - Reuters
The unprecedented jump in natural gas prices will force more British energy suppliers out of business and the industry needs to prepare for prolonged pain, energy officials and the business minister said on Wednesday.
Energy regulator to probe power prices
The wholesale electricity market has not been running smoothly and authorities are concerned that exorbitant price rises may find their way onto consumers' bills.
A month after the so-called "target model" to determine wholesale electricity prices was introduced in Greece, prices have more than tripled, prompting the Energy Regulatory Authority (RAE) to intervene.
- Read more about Energy regulator to probe power prices
- Log in to post comments
Energy Strategy: Developing offshore deposits in Black Sea, necessary to avoid increase of dependence on gas imports
The development of offshore deposits discovered in the Black Sea is necessary in order to avoid the significant increase of dependence on gas imports and represents a sine-qua-non condition to be able to rely on natural gas in the electricity mix, according to the project "Romania's energy strategy 2019-2030, with an outlook to 2050", published by the relevant ministry.
Britain goes green
A new study claims that more than half of the UK’s electricity comes from low-carbon source for the first time ever.
- Read more about Britain goes green
- Log in to post comments