Tag Archives: Energy

Energy bills: Millions set to see ‘big savings’ as price cap lowered 

The price cap for gas and electricity bills is lowered by energy watchdog Ofgem as wholesale costs fall.

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Best energy tariffs: Ofgem price cap limit drops by £95 

Ofgem has dropped the price cap limit by £84 for standard variable tariff customers and £95 for prepayment customers, it was revealed today.

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JSW Energy net profit down 12.7% at Rs 213 crore in June quarter 

“The company#39;s (consolidated) net profit stood at Rs 213 crore vis-a-vis Rs 244 crore in the corresponding quarter of previous year,” the company said in a BSE filing.

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Rich Americans’ homes generate 25% more greenhouse gasses than those less affluent 

An analysis of 93m US homes found that the most energy intensive dwellings are found in Maine, Vermont and WisconsinThe homes of wealthy Americans are major engines of the climate crisis, research has found, with the United States’ most affluent suburbs generating as much as 15 times the greenhouse gas emissions as nearby, poorer districts.An analysis of 93m […]

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MoU signed for India to develop strategic petroleum reserve in US 

Minister Pradhan said that during the meeting, he expressed his keenness to work closely with the US government to realise the “full potential of our Strategic Energy Partnership”.

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India likely to store oil in US; signs MoU for operation, maintenance of strategic petroleum reserves 

As per the MoU signed at the US-India Strategic Energy Partnership meet, the two countries would also work towards exchange of information and best practices.

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Spartan Energy soars 37% as it reportedly takes pole position in a bidding war for electric-vehicle maker Fisker (SPAQ, NKLA, TSLA) 

Spartan Energy Acquisition Corp. soared 37% on Thursday after it was reported by Reuters that the “blank check” company was in the lead of a bidding war for electric vehicle maker Fisker. Investors have been clamoring for early-stage EV startups like Nikola Corp. and Workhorse in hopes of buying the next Tesla, which has seen a year-to-date rally o […]

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Energy firms criticise plans to cut household bills by £20 a year while providing green electricity 

National Grid, SSE and Scottish Power attack proposal that will see them invest £25bn in renewables infrastructure but reduce returns to shareholders

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Danish nod gives Nord Stream 2 gas pipeline fresh traction 

The Danish Energy Agency has greenlighted the use of Russian ships that could speed up execution of the controversial Nord Stream 2 gas pipeline. US sanctions, however, may still put a dampener on the project.

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Markets Now – Wednesday 8th July 2020 

Last updated 11:30am BST. Featuring Boohoo, FirstGroup, HSBC, Cairn Energy, Countrywide, Persimmon, Hiscox, Lloyds and Nokia.

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The tech industry comes to grips with Hong Kong’s national security law 

Scott Salandy-Defour used to make frequent stops at a battery manufacturer in southern China for his energy startup based in Hong Kong. The appeal of Hong Kong, he said, is its adjacency to the plentiful electronics suppliers in the Pearl River Delta, as well as the city’s amenities for foreign entrepreneurs, be it its well-established […]

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This Clean Energy ETF Is Cleaning Up 

It’s not “A Tale of Two Cities,” but there’s plenty of dichotomy in the energy sector this year. Shares of traditional fossil fuel producers, even with the benefit of a second-quarter rally, are badly lagging the broader market while alternative energy producers are soaring. read more

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Giant flywheel project in Scotland could prevent UK blackouts 

Trailblazing system would help to stabilise the energy grid’s electrical frequencyA giant flywheel in north-east Scotland could soon help to prevent blackouts across Britain by mimicking the effect of a power station but without using fossil fuels.The trailblazing project near Keith in Moray, thought to cost about £25m, will not generate electricity or produ […]

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Nikkei extends win streak to fourth session, adding 408 points on strength in Chinese market 

Tokyo stocks soared Monday to extend their winning streak to a fourth session in a row, riding energy from the robust Shanghai and Hong Kong …

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Africa: Pump or Dump? With Oil in Decline, Africa Ponders Its Energy Future 

[Thomson Reuters Foundation] As COVID-19 bashes economies and demand for oil plummets, is this a moment to think green – or pump faster?

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