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Monthly Archives: January 2008

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It Asda Be Power:

admin January 27, 2008

Asda, the supermarket group owned by Wal-Mart, is to explore selling electricity to its UK business customers through its power services company Power4All. Rivals Tesco and Sainsbury both considered entering the UK retail energy market as the sector underwent deregulation in the late 1990s, but scrapped the idea amid concerns over risks to their core… Continue Reading »

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European Energy Union:

admin January 22, 2008

Half of Britain’s electricity in 2025 will have to come from gas-fired power stations even if all the policies in the government’s energy white paper are successful, according to calculations from Ernst & Young. Wind farms connected to the grid would provide only 7%of Britain’s electricity, and nuclear power stations 11%, a smaller proportion than… Continue Reading »

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UK Business Energy:

admin January 22, 2008

A 10-mile barrage could be built across the Severn estuary to harness the power-generating potential of its tides in one of the world’s biggest construction projects, ministers have announced. Business Secretary John Hutton described the potential of the £14 billion project to boost Britain’s energy supplies and cut greenhouse gas emissions as “breathtaking”. Initial assessments… Continue Reading »

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Oil Prices Drop:

admin January 22, 2008

Oil futures dropped sharply Tuesday on mounting concerns that the U.S. economy may be heading toward a recession that would dampen demand for crude. While the Federal Reserve’s interest rate cut helped crude futures recover some of their earlier losses, many investors doubt the move will stave off a serious slowdown. High energy prices also… Continue Reading »

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