Month: April 2015

Grangemouth project to receive £4.2 million funding

£4.2 million worth of government funding has been made available to carry out a feasibility study for the proposed Caledonian Clean Energy Project. The Department of Energy and Climate Change has given funding of £1.7 million, while the Scottish government has given £2.5 billion in funding. The money will enable the Summit Power Group, who …

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Criminal sanctions for gas and electric rigging introduced

The government is taking steps to crack down on anyone who attempts to manipulate the energy markets. On April 13, 2015, the U.K.’s energy regulators will be given new powers to prosecute anyone suspected of rigging the wholesale electricity and gas prices. Under the new laws, it will now be a criminal offence for anyone …

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