Ofgem rule change for energy network company investments
New rules from energy regulator Ofgem could see UK consumers save £5bn on bills over five years, according to BBC News. The energy watchdog wants to reduce the amount customers…
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Offshore wind energy cheaper than nuclear for the first time
The cost of energy generated in the UK by offshore wind is cheaper than nuclear power for the first time, according to figures from the Department for Business, Energy and…
SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013
Perth-based electricity and gas company SSE, which operates mainly in the UK and Ireland, stated today that its retail arm is expected to report a loss on its adjusted profit…
UK household energy consumption drops by 24.7%
Household energy usage in England and Wales has fallen by almost a quarter since 2005, according to Office for National Statistics (ONS) data released today. ONS area based analysis for…
German renewables group Entrade acquires bio-energy firm Agnion
German renewables specialist The Entrade Group said today it had acquired bio-energy plants operator Agnion Energy Inc from its owners for an undisclosed amount. Entrade agreed this month to buy…
Two investor groups agree to acquire energy trader LDH Energy
Dutch commodities trader Louis Dreyfus Commodities BV and US hedge fund Highbridge Capital Management LLC have agreed to dispose of their energy trading joint venture Louis Dreyfus Highbridge Energy LLC…
Forestar’s target Credo Petroleum gets no offers
US oil and gas explorer Credo Petroleum Corp (NASDAQ:CRED) announced on Tuesday it had received no alternative takeover approaches during the go-shop period agreed with its suitor Forestar Group Inc…
National Grid completes disposal of New Hampshire distribution business
British power and gas distributor National Grid Plc (LON:NG) announced today it had wrapped up the $285m (€226.8m) sale of its New Hampshire electric and gas distribution units to a…
Hanergy agrees deal to acquire Q-Cells’ Solibro division
Hanergy Holding Group Limited, the Chinese renewable energy company, said it had agreed to acquire Solibro GmbH, the thin-film division of German solar cell manufacturer Q-Cells SE (ETR:QCE), without disclosing…
Kinder Morgan and El Paso complete $21bn merger
US natural gas pipeline operator Kinder Morgan Inc (NYSE:KMI) said it had finalised its planned USD21bn (EUR16.7bn) combination with peer El Paso Corp (NYSE:EP) announced last October. The transaction, effective…
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