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INSANE: 25 - The Real Truth

FTSE rises despite weight of windfall tax on oil companies

The index notched up its best week for more than two months.

The Independent UK

Windfall tax would hit renewables investment, National Grid boss says

John Pettigrew claimed a levy on oil and gas companies could derail efforts to meet climate crisis targets

The Guardian - UK

National Grid’s profits rise to £3.4bn as cost of living crisis pushes bills higher

Energy network operator sees profits rise while households face big bill increases

The Independent UK

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Windfall tax could damage net zero push, warns National Grid CEO John Pettigrew

The boss of National Grid thinks the government should resist pressure to introduce a windfall tax on energy giants, warning a one-off levy could risk setting back net zero goals.

Evening Standard

There’s no chance of cutting bills while the private sector runs the UK energy market

All that the energy giants are interested in is profit. Public ownership – as in France – is the only answer, says public services expert David Hall

The Guardian - UK

Marvel Studios teams up with Science Museum for Black Panther exhibit

Marvel Studios has teamed up with the Science Museum for its new gallery.

Evening Standard

National Grid to pay energy customers £200m over next two years after trading electricity with Europe

The balance is normally settled every five years.

Daily Record

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National Grid to use subsea cable cash to help struggling energy users

Under agreement with Ofgem, network operator will return electricity funds early

The Guardian - UK

‘My pain levels have completely dropped’: how medical marijuana changed my life

Andrea Wright, diagnosed with psoriatic arthritis and fibromyalgia, is now having a proper night’s sleep

The Guardian - UK

Ashcourt Group buys former Hull gas works site in £5.25m deal

Clough Road location 'will create significant employment opportunities which will benefit the local economy'

Birmingham Post

Daily Quiz | Coal Miners’ Day

May 4 is observed as Coal Miners’ Day in India. Here’s a quiz on non-renewable resources and energy systems in India and the world

The Hindu

I’ve been trying for months to get Scottish Power to disconnect my gas

I replaced my gas boiler with an electric one, but am still having to pay standing charges

The Guardian - UK

When is the next Big Power Switch Off in the UK - what is it and how to take part

Brits marked their unrest with soaring energy bills with a major power switch off last week. People across the country are now being urged to take part in the next Big Power Switch Off event

Daily Mirror

What is the Big Power Switch Off and when's it happening?

It comes as utility companies announced price increases that will leave many people out of pocket

Manchester Evening News

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The Guardian - UK

National Grid to be partly nationalised to help reach net zero targets

Electricity System Operator, the division that keeps the lights on in Great Britain, will form part of a new public body

Wales Online

Solar panels: How they work, how much they cost and how much money they can save you

Rocketing energy bills have led to increased interest in solar panels - and the government is trying to encourage take-up

Evening Standard

City comment: Net zero could mean big changes for the power network

‘The current market was not designed for net zero and left unchanged will impose excessive costs to consumers,’ the National Grid Electricity Systems Operator warned recently.

Evening Standard

City comment: As Energy Security Strategy gets stuck in purgatory, overseas investors buy up British power

So, where’s that Energy Security Strategy, eh?

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Evening Standard

French and Australian investors snap up UK gas and wind power assets for £7 billion

Crédit Agricole and Axa have paid £3 billion for 50% of a wind farm project off the coast of Yorkshire, while Australia’s Macquarie has led a consortium buying 60% of the UK’s gas transmission network

Birmingham Post

National Grid sells majority stake in gas network to Macquarie and BCI

The FTSE 100 business will pocket £2.2bn in cash following the deal with the Australian and Canadian investment firms

The Independent UK

National Grid sells 60% stake in gas network

Global investors have snapped up the pipeline as National Grid shifts its focus to electricity.

Daily Mirror

New T-shaped pylons being built across UK in first redesign for nearly 100 years

The pylons are intended to reduce the visual impact on the environment and the new design was selected from over 250 entries in a competition held in 2011 by the Royal Institute of British Architects and the government.

Wales Online

Power to be taken from electric cars to top up National Grid in new trial

Car owners who sign up to the scheme will be paid for the electricity they sell back

The Guardian - US

‘A slap in the face’: pipeline violates civil rights, say New Yorkers

Residents have been protesting National Grid’s pipeline, which bypasses wealthier, whiter Brooklyn areas, since 2020

Chronicle Live

Energy firm Octopus pays customers to switch off when demand is higher

Octopus Energy pilot scheme invites families to save money by holding back their usage to reduce pressure oin the National Grid

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