Gazprom wants to sell power to British
UNITED KINGDOM - Russian gas giant Gazprom has taken steps to be allowed to sell electricity in Britain.
In order to sell electricity, Gazprom needs approval from the Office of Gas and Electricity Markets, Britain's energy regulator, and a license to sell power to commercial and industrial users, the Daily Mail reports.
Gazprom's British unit, Gazprom Marketing and Trading, hopes to obtain the necessary license by May so the company can start to offer electricity packages to potential customers.
Gazprom already has about 14,000 gas service customers and hopes to expand its British business to electricity.
Market analysts have reported the Russian company might try entering the British electricity market by purchasing an existing local company like Centrica.
Related News
Ontario Reducing Burden on Industrial Electricity Ratepayers
TORONTO - Ontario's government is pursuing burden reduction measures for industrial electricity ratepayers to help businesses compete, and stimulate growth and investment.
Over the next year, Ontario will help industrial electricity ratepayers focus on their businesses instead of their electricity management practices by establishing an energy concierge service to provide businesses with better customer service and easier access to information about electricity pricing and connection processes.
Ontario is also tasking the Independent Electricity System Operator (IESO) to review and report back on its billing, settlement and customer service processes. This includes identifying opportunities to:
Improve and simplify industrial electricity bills;
Review how the monthly…
