OEB amends licences to limit coal generation
The licenses of IESO and OPG have been amended to permit OPG to refrain from operating the coal-fired plants continuously, as it would otherwise be obliged to do.
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UK price cap on household energy bills expected to cost 89bn
LONDON - Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.
The analysis from Cornwall Insight, seen exclusively by the Guardian, shows the prime minister’s plan to tackle the cost of living crisis could cost as much as £140bn in a worst-case scenario.
Truss announced in early September that the average annual bill for a typical household would be capped at £2,500 to protect consumers from the intensifying cost of living crisis and a scheduled 80% rise in…
