New Shares Issued to Help Fund Hinkley Point
28th July 2016 | Posted by: Daniel Birkett | Industry News
French energy giants, EDF have announced that an agreement has been made between its shareholders to release a new round of shares, in order to raise €4bn (£3.4bn) to help fund the Hinkley Point C nuclear power plant.
Potential Spikes in Gas Prices due to Ageing Storage Sites
15th July 2016 | Posted by: Daniel Birkett | Industry News
Ageing gas storage facilities in the UK could result in an increase in maintenance and a reliance on European imports in order to meet demand; potentially leading to sharp increases on the gas market.
Update - Project Nexus Pushed Back
7th July 2016 | Posted by: Daniel Birkett | Industry News
Following a consultation between Ofgem and selected industry participants it was decided that the launch date of Project Nexus would be pushed back to 2017. Previously scheduled to be implemented on the 1st of October 2016, the scheme is now set to be revised to ensure it is delivered successfully.