The UK Government has allocated £220 million for designing a prototype commercial reactor over the next 20 years, known as a Spherical Tokamak for Energy Production (STEP). Potential locations include Nottinghamshire and sites across the East Midlands. Since December, the government has been seeking sites to build the UK’s...
After decades as one of the UK’s biggest coal plant generators, Drax has scrapped controversial plans to build Europe’s largest gas power plant in North Yorkshire thanks to opposition from climate groups. Following its announcement to end commercial sales of coal-fired electricity from the end of March, the FTSE-listed...
Gas We have seen a continued erratic start to the year which saw gas prices peak in early February. However, gas markets have gradually declined and stabilised since (with the one-year-forward price closing at 43.98ppt on 26th February), led by temperatures returning to seasonal norms and optimism from the...
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