Britain, under pressure to build new power stations, could save as much as 100 billion pounds ($150 billion) through 2050 by spending on wind, nuclear and carbon capture rather than gas, the government’s climate adviser said.
Oncor Electric Delivery Co., Texas’ largest power utility, may not be able to take full advantage of the nation’s fastest-growing electricity market because of capital constraints lingering from its parent’s 2007 leveraged buyout.
Australia more than halved its projection for carbon prices in the year starting July 2015 to A$12.10 ($12) a metric ton as the European Union, its planned partner in a cap-and-trade system, struggles with low prices.
The amount of time Sweden’s reactors will shut for overhauls this year will almost double, buoying power prices at a time they typically decline as water volumes for generation drop to near a two-year low.
Methil port north of Edinburgh, once the focus of Scotland’s coal exports, is set to tap a greener kind of energy as Samsung Heavy Industry Co. constructs the world’s biggest wind turbine in the town’s faded harbor.
The U.K.’s 376 billion-pound ($582 billion) program to switch from fossil fuel to renewable and nuclear power is headed for crisis because of looming energy shortages and spiraling costs, Liberum Capital Ltd. said.