Tata Steel Warns Carbon Tax Will Threaten Competitiveness
Tata Steel, the giant steel manufacturer has said it wants to expand its steel production, which is used to make wind turbines, but is concerned that the new carbon tax will threaten its competitiveness by increasing its business electricity prices.
Tata Steel, which employs around 3,500 people in Wales has said that while it is keen to increase steel production for the manufacture of wind turbines, the new ...
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New Tax Means Statoil Stops Work On North Sea Oil Projects
Statoil, the Norwegian oil company, has stopped work on its projects in the North Sea as a direct result of the new tax set to be imposed on oil companies, which was announced in last week’s Budget.
Statoil, one of the biggest oil companies in the world, has stopped work on two North Sea projects saying it will “pause and reflect” on the future of the two fields in the ...
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Ofgem Forces Gas & Electricity Providers To Give 30 Days Notice Of Price Increase
New Ofgem rules will mean energy providers will have to give their customers 30 days notice before they increase electricity and gas prices.
Electricity and gas suppliers have been forced to ensure customers get 30 days notice of any price increases. Previously energy firms were allowed to write to customers as long as 65 days after a price rise. However, Ofgem has ordered energy companies to provide customers ...
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Guaranteed Carbon Price Mechanism Could Mean Higher Business Electricity Prices
In the budget last week the Chancellor announced a guaranteed minimum price for carbon, making the U.K. the first country in the world to introduce a guaranteed carbon price mechanism but it could mean higher business electricity prices.
This new guaranteed “floor” price for carbon will start out at £16 a tonne in 2013 and increase to £30 a tonne by 2020. It’s argued that this carbon tax will ...
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Areva & EDF Energy Nuclear Power Plans Will Create Over 100,000 UK Jobs
The biggest nuclear reactor manufacturer in the world, Areva, has announced that over 100,000 jobs will be created by building new nuclear power plants in Britain.
Areva, a French company, is building four reactors for EDF Energy which is set to construct new nuclear power plants in Britain. Two of the new reactors will be at Hinckley Point in Somerset and two at Sizewell in Suffolk. Areva said British companies ...
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Safe & Secure Energy Policy Needed As Business Electricity Due To Double By 2050
The Energy Secretary, Chris Huhne, addressed the Scottish Renewables conference this week and said that as business electricity demand and domestic demand is set to double by 2050, the challenge the government faces is to deliver an energy policy that delivered “safe, secure and low carbon energy” by 2050.
Despite business electricity and domestic electricity demand increasing by 50% by 2050, Chris Huhne said that at the same time 25% ...
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Japan Nuclear Crisis Will Benefit Gas As Energy Markets Reject Nuclear Power
The nuclear crisis in Japan is set to permanently change energy markets as countries move away from nuclear energy and the demand for gas increases.
There’s been an excess of gas for a while now which has helped to keep prices low but the Japanese nuclear crisis is set to see a move away from nuclear energy – and gas will be the fuel of choice to replace it. ...
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EDF Energy Criticised Over Electricity Failures And Unplanned Shutdowns At UK Nuclear Reactors
After the recent problems at nuclear reactors in Japan it has emerged that EDF Energy has been criticised by inspectors for electricity failures and “unplanned shutdowns” at its nuclear plant in East Lothian.
Government inspectors criticised EDF Energy, the company which runs the U.K’s nuclear reactors, for safety mistakes at two reactors at Torness in East Lothian, Scotland. It appears that the reactors suffered electricity supply failures, a number ...
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Tesco Installs Sources Of Renewable Energy At Distribution Centres
Tesco has installed sources of renewable energy at its distribution centres in Wales and the Midlands.
The supermarket giant Tesco has installed four wind turbines at three of its distribution centres in Wales and England. The turbines have been put in at the Tesco Magor distribution centre near Newport and the others have been put up at two sites near Daventry.
Each of the wind turbines will generate around 800kW ...
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Concerns As Chinese Telecoms Company Develops BT’s Superfast Broadband Technology
There are concerns that a Chinese telecoms company with links to the Chinese Red Army is developing technology which will provide superfast broadband to British homes and businesses.
BT is in the process of rolling out superfast broadband across the country but the equipment is being tested in labs in China which has raised fears over security. The telecoms company involved, Huawei, is closely linked to the military in ...
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