Scottish Power to build vast battery to improve wind energy supply

Energy firm says project will be big step towards continuous renewable power for UKScottish Power is to undertake the most ambitious battery power project in Europe in an attempt to unlock the potential of the UK’s wind and solar farms.The company will…

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Labour’s plans for cheap green energy are no more than electric dreams

Proposals for renationalising gas and electricity are based on hopes of buying companies on the cheapLabour’s plans to renationalise water, energy and rail companies have widespread support and with good reason: these industries are failing to meet the…

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Renationalise the grid and watch energy prices rise, warns boss

National Grid chief says Labour policy will also stall move to cleaner energy as firm unveils £1.8bn profitThe chief executive of National Grid has warned that Labour’s renationalisation proposals would hold back the UK’s move to cleaner energy and mea…

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Labour to end energy consumer ‘rip-off’ and renationalise network

Jeremy Corbyn and Rebecca Long-Bailey will say heat and electricity are a human rightLabour will announce plans on Thursday to seize back control of Britain’s energy network from private shareholders in an effort to fight climate change and end fuel po…

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Metro Bank’s attempts to carry on as normal are getting ridiculous

With the bank’s value plunging, fundraising looks tricky and the board’s position ever shakierMetro Bank says its £350m fundraising is “well advanced”, which is not the same thing as being finalised, priced and ready to go. Indeed, the bank’s advisers …

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Investor anger rises over pension pay and bonus bumps at Lloyds and Centrica

Two well-remunerated FTSE 100 bosses will be in the spotlight this week as a mood of rebellion grows among shareholdersIt is bad enough being responsible for slumping customer numbers and rising bills at British Gas, but Centrica’s boss, Iain Conn, now…

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A bonus for Centrica boss after a credit rating downgrade, really?

Dividend appears ready for the chop, which implies the same for Iain Conn at British Gas ownerHere’s a share price that hasn’t been glimpsed this century: Centrica, owner of British Gas, stands below 100p. Thursday’s ex-dividend date finally pushed the…

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