Lakis Athanasiou News
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U.K. household energy bills are set to rise, with the share of generating capacity from gas doubling as aging oil and coal-fired stations close, the regulator said.
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The U.K.’s plan to collect 7.6 billion pounds ($12 billion) for low-carbon projects by 2020 would advance Electricite de France SA’s nuclear plants and add about a third to consumer electricity bills, analysts said.
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Macquarie Group Ltd., Australia’s largest investment bank, has bought two natural gas-fed power stations in the U.K. in a bet that profit from burning the fuel will rise after three years of declines.
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Britain’s new tax on carbon-dioxide may fail to reduce power generation from coal, according to Evolution Securities.
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Drax Group Plc, operator of Western Europe’s largest coal-fired power plant, won’t raise a spending forecast of as much as 700 million pounds ($1.1 billion) in light of plans to convert three of its six generating units to biomass.
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Investors in all types of U.K. power plants may demand guaranteed government returns in the wake of new rules for the electricity market, Evolution Securities said.
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U.K. lawmakers began considering legislation today that will revamp electricity markets, part of a 110 billion-pound ($176 billion) effort to spur construction of nuclear, gas and wind power plants.
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Centrica Plc and Electricite de France SA are more likely to face windfall taxes after the U.K.’s Liberal Democrat party called for trimming returns from nuclear generation, analysts say.
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U.K. natural gas and power prices may increase because of the British carbon floor tax, according to Evolution Securities.
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Scotland, source of almost half the U.K.’s renewable energy, may benefit from a proposal to scrap the 20-year-old rule blamed for impeding wind and sea power.
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