Utilities Sector News

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  • French state, EDF strike deal to close nuclear plant

    Fessenheim nuclear power plant, located on a seismic fault line, has worried French, German and Swiss environmentalists for years

  • Holding(s) in Company Business Wire - 15 hours ago

    LONDON--(BUSINESSWIRE)-- For filings with the FCA include the annex   For filings with issuer exclude the annex   TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i       1. Identity of the issuer or the ...

  • Repsol's faulty Yme platform removed from Norway oil field Reuters - UK Focus - Tue, Aug 23, 2016 11:14 BST

    The topside of Repsol (Amsterdam: RP6.AS - news) 's faulty Yme oil platform was removed from the field offshore Norway on Monday, Swiss-based heavy-lift vessel owner Allseas said, a key hurdle for the Spanish oil firm's planned sale of the production license. Using the giant Pioneering Spirit vessel, the removal in a …

  • UK GAS-Prompt prices soar on lower wind power output Reuters - UK Focus - Tue, Aug 23, 2016 11:07 BST

    Prompt prices for wholesale gas in Britain soared on Tuesday morning, as expectations of weaker output from the country's wind farms increased demand from gas-fired power plants. Gas for immediate delivery ...

  • UK's National Grid to recoup $125 mln of power contract costs Reuters - UK Focus - Tue, Aug 23, 2016 09:33 BST

    Britain's National Grid (LSE: NG.L - news) will be able to recoup 95 million pounds($125.22 million) of the 113 million it has awarded to two companies to provide back-up emergency power for winter 2016/17, regulator Ofgem said on Tuesday. The so-called "black start" contracts pay power companies to keep plants ready …

  • Twenty wells at Britain's Rough gas storage site should be available for withdrawals from Nov. 1, Centrica Storage Limited (CSL) said on Monday, above the operator's previous estimate and easing concerns about record low gas stocks this winter. Centrica (Frankfurt: A0DK6K - news) , which owns British Gas, one of Britain's …

  • Nuclear developers have big plans for pint-sized power plants in UK Reuters - UK Focus - Mon, Aug 22, 2016 15:05 BST
  • Twenty wells at UK Rough gas storage site to return for withdrawal Nov. 1 Reuters - UK Focus - Mon, Aug 22, 2016 12:03 BST

    Centrica Storage Limited said on Monday it expects 20 wells at its Rough natural gas storage site in Britain to return to service for withdrawal on Nov. 1. CSL still cannot increase the reservoir pressure ...

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    Stop worrying about falling savings rates and start exploring top FTSE 100 stocks like these, says Harvey Jones.

  • UK GAS-Prompt firms on tight supply as outages' end weighs on curve Reuters - UK Focus - Thu, Aug 18, 2016 10:45 BST

    British gas prices rose on Thursday due to supply shortfalls but with heavy maintenance drawing to an end on key infrastructure analysts expect supplies to improve by next week. Gas for immediate delivery ...

  • Stop saving and start investing! Fool.co.uk - Thu, Aug 18, 2016 08:03 BST

    Sick of low rates on your current or savings account? Want to grow your wealth over the long term? Grab your cash and head to the stock market.

  • UK GAS-Prices ease on oversupplied system, weaker oil Reuters - UK Focus - Wed, Aug 17, 2016 09:34 BST

    British gas prices eased on Wednesday morning as higher withdrawals from storages left the market oversupplied, while domestic production was expected to increase later this week due to end of maintenance. ...

  • Nuclear plant delay may shift UK energy policy AFP - Wed, Aug 17, 2016 06:26 BST
    Nuclear plant delay may shift UK energy policy

    Image from EDF Energy shows a computer generated image of the proposed nuclear power plant at Hinkely Point in south-west England

  • Britain backs expansion of world's largest wind farm Reuters - UK Focus - Tue, Aug 16, 2016 14:11 BST

    Britain on Tuesday approved plans to expand an offshore wind farm project that could ultimately have more than 600 turbines spread across an area of the North Sea more than twice the size of London. The Hornsea Two windfarm project, to be built by DONG Energy (Copenhagen: DENERG.CO - news) , is part of Britain's push …

  • Britain doesn't need new Hinkley N-plant to keep lights on -SSE CEO Reuters - UK Focus - Tue, Aug 16, 2016 12:43 BST

    Britain does not need EDF (Paris: FR0010242511 - news) 's 18-billion pound ($23 billion) Hinkley Point C nuclear plant to ensure the lights will stay on because alternative projects like new gas plants will be able to fill the gap, the CEO of energy company SSE (LSE: SSE.L - news) said. SSE, Britain's second-bigger …

  • Amid nuclear spat, Britain's May tells China: We want stronger ties Reuters - UK Focus - Tue, Aug 16, 2016 12:17 BST

    BEIJING/LONDON, Aug 16 (Reuters) - Prime Minister Theresa May has told China's leader that Britain wants to strengthen trade and business ties, an attempt to reassure the world's second largest economy after London delayed a $24 billion nuclear project. May's surprise decision to review the building of Britain's first …

  • Private equity-backed Siccar Point makes first North Sea oil deal Reuters - UK Focus - Tue, Aug 16, 2016 10:43 BST

    Oil and gas venture Siccar Point said on Tuesday it had acquired a 8.9 percent stake in the UK North Sea Mariner field from JX Nippon, the private equity-backed firm's first acquisition. The deal highlights ...

  • UK GAS-Prompt prices rise on unplanned outage, higher exports Reuters - UK Focus - Tue, Aug 16, 2016 10:06 BST

    British prompt gas prices rose on Tuesday morning as an unplanned domestic outage and an increase in exports to Belgium helped prices recover from Monday's rout. Gas for immediate delivery was up 1.5 pence, ...

  • Theresa May Writes Trade Letter To China Amid Hinkley Deal Row

    Theresa May has written to the Chinese President signalling she wants to strengthen the UK's trading relationship with China amid the unease over the £18bn Hinkley nuclear deal. The letter was hand delivered by trade minister Alok Sharma in a visit to Beijing and will be seen as an attempt to appease China's anger over …

  • E.ON to compensate UK customers after gas meter mix-up Reuters - UK Focus - Mon, Aug 15, 2016 15:17 BST

    British gas suppliers may have to compensate hundreds of their customers who were overcharged because of a mix-up involving metric and imperial measurements, with one having paid too much for 15 years. "Each case is being dealt with on an individual basis," E.ON spokesman Scott Somerville said, declining to say how much …

  • EU mergers and takeovers (Aug 15) Reuters - UK Focus - Mon, Aug 15, 2016 12:33 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS -- Dutch infrastructure fund DIF and French utility ...

  • UK GAS-British prompt prices plunge on oversupply Reuters - UK Focus - Mon, Aug 15, 2016 11:05 BST

    British prompt gas prices plunged on Monday morning as rising deliveries from Norway, lower exports to Belgium and weaker demand left the system heavily oversupplied. Gas for immediate delivery was down ...

  • UK GAS-Prices dip on healthy supply and wind output Reuters - UK Focus - Fri, Aug 12, 2016 10:28 BST

    British wholesale gas prices mostly fell on Friday due to ample supply, postponed maintenance and as strong wind power output reduced demand from gas-fired power plants. Gas for Monday delivery fell by ...

  • Chinese Hinkley Backer CGN Accused Of US Nuclear Espionage Sky News - Thu, Aug 11, 2016 13:55 BST
    Chinese Hinkley Backer CGN Accused Of US Nuclear Espionage

    Britain's Chinese partner in the Hinkley Point power station deal has been accused of plotting to steal US nuclear (Other OTC: UCLE - news) technology secrets. State-owned energy giant China General Nuclear Power (CGN) allegedly used a Chinese-born US citizen to access sensitive information - with the aim of speeding …

  • UK GAS-Prices fall on weaker demand, lower oil Reuters - UK Focus - Thu, Aug 11, 2016 10:26 BST

    British wholesale gas prices fell on Thursday on weaker demand resulting in an oversupplied system, and lower oil prices. Gas for immediate delivery fell 0.2 pence or 0.62 percent, to 32.20 pence per therm ...

  • Bouygues, Vallourec deny conflict of interest in Hinkley Point vote Reuters - UK Focus - Wed, Aug 10, 2016 18:29 BST

    French firms Bouygues (LSE: 0HAN.L - news) and Vallourec (LSE: 0NR2.L - news) denied that members of their boards who are also on the board of EDF had a conflict of interest when they voted in favour of the French utility's Hinkley Point nuclear project in Britain. EDF's board narrowly approved the controversial 18 billion …

  • UK GAS-Prices rise due to tighter supply Reuters - UK Focus - Wed, Aug 10, 2016 10:26 BST

    British wholesale gas prices were slightly higher on Wednesday morning as ongoing maintenance outages tightened supply. The UK gas system was 9 million cubic metres (mcm) undersupplied, National Grid (LSE: NG.L - news) data shows. More supply has come online today and some more is expected tomorrow," said Dimitrios Saratzis, …

  • Nuclear plant delay may shift UK energy policy

    A computer-generated image of EDF's two proposed nuclear reactors at Hinkley Point in southwest England

  • China Fires Warning At UK Over Hinkley Deal Sky News - Tue, Aug 9, 2016 14:36 BST
    China Fires Warning At UK Over Hinkley Deal

    China has ratcheted up the pressure on the Government over the Hinkley nuclear deal, warning its relationship with the UK is at a "crucial historical juncture". The Chinese ambassador to Britain said he hoped the UK would "keep its door open" to China - a clear caution that future investment in infrastructure projects …

  • China to UK: 'golden' ties at crucial juncture over nuclear delay Reuters - UK Focus - Tue, Aug 9, 2016 12:37 BST

    China has cautioned Britain against closing the door to Chinese money and said relations were at a crucial juncture after Prime Minister Theresa May delayed signing off on a $24 billion nuclear power project. In China's sternest warning to date over May's surprise decision to review the building of Britain's first nuclear …

  • Britain defends decision to review $24 bln nuclear plant Reuters - UK Focus - Tue, Aug 9, 2016 12:31 BST

    Britain on Tuesday defended its decision to review a planned $24 billion nuclear power project after criticism from China which is helping to fund the deal. China has cautioned Britain against closing the door to Chinese investment and said on Tuesday relations were at a crucial juncture after new Prime Minister Theresa …

  • Nuclear plant delay may shift UK energy policy

    A computer-generated image of EDF's two proposed nuclear reactors at Hinkley Point in southwest England

  • UK GAS-Curve prices rise as pound falls to one-month low Reuters - UK Focus - Tue, Aug 9, 2016 10:43 BST

    British wholesale gas prices for delivery this winter and next year firmed on Tuesday morning as the pound fell to a one-month low, while prompt prices were largely flat. "Contracts further out on the curve have firmed, taking direction from sterling losing further ground against the euro," said Andrew Crabtree, pricing …

  • China warns UK over 18 bln stg nuclear power deal - FT Reuters - UK Focus - Mon, Aug 8, 2016 22:37 BST

    China has warned Britain that bilateral ties stand at a "crucial historical juncture" over London's deferral of an 18 billion pound ($23.47 billion) nuclear power project, the Financial Times reported on Monday. China's Ambassador to the UK Liu Xiaoming wrote in the FT that he hoped London would keep its door open to China …

  • The ruling Socialist Party of French President Francois Hollande said on Monday the Hinkley Point nuclear project in Britain is a risk to the survival of state-owned utility EDF (Paris: FR0010242511 - news) and that all doubts about the project must be cleared up before it continues. "The Socialist Party believes that …

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