Total Plugs North Sea Gas Leak
Total, the French oil and gas producer, has said it has plugged the gas leak in the North Sea.
Utility Exchange reported earlier this year that a dangerous gas leak at the Elgin platform in the North Sea has resulted in its shut down and an exclusion zone in the area.
As a result of the shut down, gas prices increased by 5% for ...
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SSE Announces Rise In Profits
The energy supplier SSE has announced its profits have risen by 2% with pre-tax profits of £1.33bn.
SSE has seen a growth in its power generation business which has helped to offset its retail operation. The company said the year had been one of turmoil in the global energy markets with economic uncertainty.
The company’s operating costs for its retail division which supplies gas and electricity ...
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Energy Costs & Broadband Top Small Business Issues
New research says business energy costs and broadband top the list of infrastructure issues faced by small businesses.
Research from the Forum of Private Business has found that small businesses are more concerned about business energy costs and telecommunications including broadband, than other infrastructure problems.
The findings come as the trend for business electricity prices and business gas tariffs is upwards.
A survey on Infrastructure for ...
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E.ON Won’t Increase Energy Prices In 2012
E.ON has promised that it won’t increase residential energy prices this year.
E.ON has announced today that it will not increase residential energy prices for existing customers during 2012 only weeks after revealing that it’s profit for supplying gas and electricity to UK homes last year was less than 2%.
The announcement comes after Centrica, owner of British Gas, warned that gas prices were set ...
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Gas Prices Set To Increase Again
Centrica, the owner of British Gas, has warned that gas prices are set to increase again with price rises expected at the end of the summer.
Centrica has warned that wholesale gas prices for this winter are around 15% higher than last year. Last summer British Gas increased gas prices by 18% and electricity prices by 16% pushing up the average dual fuel bill to ...
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Will Electricity Market Reforms Force Businesses Abroad?
Reforms to the electricity market will increase energy bills and could force businesses abroad.
The Queen’s Speech yesterday announced subsidies to help energy suppliers pay for green energy but these could force up electricity bills by as much as £200 a year.
The reform of the electricity market is designed to increase investment in low carbon energy generation and in doing so ensure the country’s ...
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Go-Ahead Given For Largest Onshore Wind Farm In England & Wales
The go-ahead has been given for the largest onshore wind farm in England and Wales to be built at Pen Y Cymoedd.
The largest onshore wind farm in England and Wales has been given the go-ahead by the Government. The wind farm will be built at Pen Y Cymoedd and will be made up of 76 turbines. By the time it’s completed the wind farm ...
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Japan Shuts Down Last Nuclear Power Reactor
Japan has shut down its last working nuclear power reactor for maintenance after the tsunami last year.
As part of a safety drive, Japan has now shut down all of its 50 nuclear reactors for maintenance. It’s the first time the country has been without nuclear generated electricity since 1970.
The news has been warmly welcomed by many Japanese people as they hope that the nuclear ...
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Electricity Market Reform Bill May Be Delayed
The electricity market reform bill may be delayed according to reports from the BBC.
The BBC reports that the energy bill which proposes reforms in the electricity market will be delayed although this is denied by the Department of Energy & Climate Change (DECC).
According to BBC reports, MP’s say the government is putting a number of pieces of legislation on hold in order to ...
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Centrica Completes Statoil North Sea Gas & Oil Deal
Centrica has completed its £936m agreement with Statoil Petroleum to buy gas and oil assets in the North Sea.
Centrica, the owner of British Gas, has bought a package of producing and development oil and gas assets in the Norwegian sector of the North Sea. Depending on the future production performance of the largest of the assets, Centrica will pay a further £61m.
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