The Chinese company with a major stake in the proposed Hinkley Point C nuclear power station has been charged by the US government over nuclear espionage, according to the US justice department. In a 17-page indictment, the US government said nuclear engineer Allen Ho, employed by the China General Nuclear Power Company, and the […]
Theresa May had “objections” to a new nuclear power station at Hinkley Point during the coalition, the then Business Secretary Sir Vince Cable has said. Lib Dem Sir Vince said the prime minister had worried about a “gung-ho” approach to Chinese investment in it. The government said nuclear energy was important but it would review […]
Profits at British Gas fell by 7% in the first half of the year as nearly 400,000 customers switched energy suppliers. British Gas-owner Centrica said that its UK home operating profit fell to £516m in the six months to 30 June. Residential customers numbers fell by 3%, or 399,000, which Centrica blamed on a “competitive […]
Wholesale gas prices have jumped after British Gas owner Centrica said it had been forced to shut a major storage facility for the winter. The Rough facility accounts for about 70% of all UK gas storage. Tom Marzec-Manser, an analyst at market information provider ICIS, said the gas price “rocketed” to 12-month highs after the […]
Newcastle University energy expert Prof Phil Taylor says the UK can be at the forefront of the decarbonisation of the energy system: One of the North East’s leading academics says the massive changes on how we make and use energy are paving the way for the transition to a 100% renewable electricity system. Peter McCusker […]
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