Ofgem gives conditional nod to 220-MW Scottish interconnector plan

17/09/2019 09:19 Electricity Market

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UK energy regulator Ofgem said today it has given the thumbs-up to the construction of a 220-MW high-voltage transmission line that will connect the Orkney Islands with the Scottish mainland.

The interconnector, worth around GBP 260 million (USD 323.6m/EUR 293.1m), was proposed by Scottish and Southern Energy Networks (SSEN), part of UK utility SSE. The project is planned to be completed from 2023, enabling the interconnection of new wind parks and potentially tidal power plants.

 

The approval was granted following consultation and with conditions that require at least 135 MW of new wind projects on Orkney to be awarded Contracts for Difference (CfDs) or be “judged likely to be developed by December 2021.”

Source: renewablesnow.com

Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.

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Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.

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Ukraine to export natural gas to Moldova without Gazprom's involvement

09/10/2019 09:28:00

The Cabinet of Ministers has instructed NJSC Naftogaz of Ukraine to take measures to ensure natural gas exports to Moldova without the involvement of Russia's Gazprom.

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