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The Latest Breaking News from National Grid

Rishi Sunak’s net zero delay ‘will slash demand for electric cars’

OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38%

The Guardian - UK

UK energy secretary could get power to fast-track vital grid connections

Government and Ofgem aim to prevent delays to projects such as Tata’s £4bn electric battery factory

The Guardian - UK

Ofgem plans to cut wind and solar delays by stripping out ‘zombie’ projects

Regulator aims to reduce backlog as some wind and solar schemes wait up to 15 years to get hooked up

The Guardian - UK

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National Grid increases investment plan but warns of clean energy logjam

Power utility says ‘fundamental reform’ of UK’s electricity network needed to tackle backlog of projects awaiting connection

The Guardian - UK

Global electricity grid must be upgraded urgently to hit climate goals, says IEA

Investment needs to double to more than $600bn a year by 2030 after ‘decade of stagnation’, says agency

The Guardian - UK

Flights begin taking off from Luton airport again after fire, as officials suggest blaze accidental – as it happened

Birkenstock to float in New York with market value of $8.6bn (£7bn), as IMF/World Bank hold annual meetings in MarrakechLuton airport closed and flights suspended after huge fire in car park

The Guardian - UK

National Grid says blackouts less likely this winter

Higher gas storage levels in Europe help leave Great Britain in stronger position, says operator

The Guardian - UK

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Top 3 Stocks “Right at Home” in Building Boom

On Wall Street a market that is hitting on all cylinders, with no storm clouds on the horizon, is known as a Goldilocks market. Both the home and infrastructure building markets, due to a perfect storm of short supply on the one hand and government spending on the other, have…

StockNews.com

Energy saving scheme: How you can claim cash benefits for using less energy this winter

The National Grid announced it would be renewing its demand flexibility service, under which customers are financially compensated for reducing their energy consumption this winter

The Independent UK

Pay UK households who agree to have power lines nearby, report urges

Energy networks commissioner calls for action to ease backlog of renewables projects

The Guardian - UK

Revealed: shares held ‘in secret’ by scores of MPs raise questions about vested interests

Exclusive: MPs found to hold ‘in effect secret’ stock in listed firms from banks to housebuilders

The Guardian - UK

Ex-Thames Water owner accused of ‘money-grabbing’ cuts to Cadent pension scheme

Exclusive: Cadent Gas, owned by Australia asset manager Macquarie, is considering closing its defined benefit scheme

The Guardian - UK

Plan to change planning rules to allow hundreds of new pylons across the country

The country's electricity demand could increase 50% by 2035 as fossil fuels are phased out and petrol cars banned

Wales Online

British Gas to offer half-price electricity every Sunday for the next three months

Customers with smart meters can get 50% off their bills all through the summer following a one-off successful trial in April

Chronicle Live

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Wales Online

Fire costs Cardiff restaurant 150 bookings in one night as it knocks out power

A fire in an electrical box meant a number of businesses had to send customers away on a busy night when Cardiff is hosting several gigs and a Wales football match

The Guardian - UK

European Central Bank raises interest rates to fight inflation; Nationwide to lift fixed mortgage rates – as it happened

UK mortgage holders face worst squeeze since 1990s crash, while Europe’s central bank hikes borrowing costs to battle inflation

The Guardian - UK

National Grid in talks with Drax to revive coal-fired units

Plans for North Yorkshire plant discussed as return of scheme to pay customers to reduce electricity during peak times confirmed

The Guardian - UK

Why did National Grid use coal to meet surge in electricity demand?

When rising temperatures put a strain on electricity supply on Monday, National Grid turned to coal to ease the pressure, rather than renewables

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Nottingham Post

Nottinghamshire power station on standby to meet air conditioning demand

The Ratcliffe-on-Soar power station will be closing next September

The Guardian - UK

UK heatwave prompts National Grid to fire up coal plant to meet aircon demand

National Grid asks for two units at Ratcliffe-on-Soar plant to be brought into action after temperature tops 30C

Wales Online

Mini village of temporary cabins to house dozens of people in Eryri National Park for almost two years

Work on a National Grid project will require a significant workforce – many of whom will need to come in from other areas

The Guardian - UK

Yorkshire Water boss’s decision to forgo bonus labelled ‘hollow’ by union

Nicola Shaw, who made the announcement due to public anger over sewage in rivers, is in line for a windfall of more than £1m from her previous role

Evening Standard

UK energy networks ‘struggling’ with demand, Sir John Armitt warns

New housing, EV chargers and air source heat pumps are all placing “unprecedented demands” on the UK’s energy capacity, Sir John Armitt said

The Guardian - UK

England ‘4,700 years from building enough onshore windfarms’

Thinktank says effective ban on planning permissions means country is way behind on much-needed renewable energy

The Guardian - UK

UK’s top bosses paid millions despite cost of living crisis, annual reports show

Bumper earnings for National Grid and M&S chiefs come as energy firms and supermarkets are accused of ‘greedflation’

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