Energy news round up 05/08/21

Here’s the latest roundup :earth_africa:

August 2nd:

In the hope to accelerate the EV update - seven major British companies have published a joint report outlining a list of urgent actions to deliver vehicle electrification targets.

The EVFA include: Bp, BT, Direct Line Group, Royal Mail, Scottish Power, Severn Trent and Tesco and have identified four key areas to deliver the UK’s EV ambitions. They are committing to converting the fleets involved to electric vehicles by 2030 and to buying British – buying 70,000 British-built vans by 2030 or sooner.

Over the next two years, the EVFA recommends Local Authorities are required to support the growth of charging hubs alongside on-street charging infrastructure.

August 3rd:

Head of Oxfam Scotland, Jamie Livingstone, urges the government to intervene in the Cambo Oilfield case, in the lead up to the COP 26 climate summit.

The Cambo oil field, located 125km northwest of the Shetland islands, could extract at least 150 million barrels of oil in its first phase. “Oxfam has calculated that the total amount of land required for planned carbon removal could potentially be five times the size of India, or the equivalent of all the farmland on the planet.”

August 4th:

Uniper has announced that it will be shutting down 500MW of 2GM Ratcliffe coal-fired power station by as early as the end of September next year.

The UK government said it would end coal power by October 2024 earlier this year. Two years earlier than the proposed government date, to end coal power by October 2024.Ratcliffe is the only coal-fired power station in the UK equipped with selective catalytic reduction technology, which can reduce nitrogen oxide emissions by 70-95%. At full capacity, Ratcliffe can generate electricity for around two million homes

August 5th:

Keir Starmer has called for a “rapid green investment” across the UK as new figures show that over 75,000 green jobs have been lost over the last 5 years.

The Labour party have criticised the government’s flagship ’10-point plan for a green industrial revolution’, which covers investment in areas including hydrogen heating, nuclear power, offshore wind, and electric vehicles.Calling once again on the £30 billion Green New Deal implementation which would support 400,000 jobs.

August 6th:

Ofgem announced gas prices have driven the price cap up by £139.

From October energy customers on default tariffs paying by direct debit will see an increase of £139 from £1,138 to £1,277. This is due to impact over half the population with a sharp 12% rise driven by a surge of more than 50% in wholesale fuel costs over the last 6 months.

You can read more about what it is and how it will affect your bills here.