Scottish industry warns spatial energy plan could stall floating wind
A coalition of unions, ports and business groups says some of NESO’s six possible energy pathways could substantially reduce Scotland’s offshore wind role. The pathways have not yet been published and the UK Energy Secretary has not selected one, limiting independent scrutiny of the industry’s claims. The decision will test whether Britain’s first spatial energy […]
CMA formally opens investigation into E.ON’s acquisition of OVO
The Competition and Markets Authority has opened its phase-one investigation, with a decision due by 28 October. E.ON and OVO together serve about 9.6 million customers and would hold roughly 25% of the domestic market by energy accounts. The central trade-off is between the resilience and investment capacity created by scale and the loss of […]
Insulating industrial heat from global energy shocks
Authored by Rod MacGregor, chief executive at GlassPoint While industrial heat hasn’t dominated the headlines around this year’s Strait of Hormuz disruptions, it is an area that’s been significantly impacted. It’s also one where, with… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
BP makes Ian Tyler permanent chair as board seeks stability after Manifold upheaval
BP has appointed former Balfour Beatty chief executive Ian Tyler as permanent chair after a three-month search, confirming the interim chair in post following Albert Manifold’s abrupt removal in May. Senior independent director Amanda Blanc,… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Octopus buys Danish algorithmic trader as renewable volatility grows
Octopus Energy has acquired BD Energy, a Danish specialist that automates about 99% of its short-term electricity trading. The deal gives Octopus capability across 25 price zones in 15 countries at the point where weather forecast errors and grid constraints create the greatest volatility. Algorithmic trading is becoming part of renewable-energy infrastructure, but rapid international […]