Pound’s decline against euro costs French firm €608m as home energy usage also drops
French state-owned energy firm EDF reported falling profits, including a downturn in the UK due to falling prices for nuclear power, improved energy efficiency among its household customers and the slide in the value of sterling since the Brexit vote.
Profits in the UK division, which includes EDF Energy, slumped by a third to €1.035 (£920m) as sales dwindled by €579m to €8.68bn, partly because UK customers pay their bills in pounds but the company reports its results in euros.
Wastewater injection, a byproduct of fracking, is the likely culprit behind a surge of earthquakes in northern Texas – and residents want accountability
An earthquake, Cathy Wallace says, feels like “a rumble – it’s like thunder in the ground coming towards your house like a train and you can hear it and feel it coming”.
Wallace is not based in California, or in any of the US’s well-known seismic hot-spots. She lives in north Texas, historically one of the country’s least earthquake-prone regions – until the drillers came.
Advanced plans by Dutch power grid aims to build power hub possibly at Dogger Bank whose scale would dwarf current offshore sites
Britain’s homes could be lit and powered by windfarms surrounding an artificial island deep out in the North Sea, under advanced plans by a Dutch energy network.
The radical proposal envisages an island being built to act as a hub for vast offshore windfarms that would eclipse today’s facilities in scale. Dogger Bank, 125km (78 miles) off the East Yorkshire coast, has been identified as a potentially windy and shallow site.