Gazprom wants to sell power to British

subscribe

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

alberta breaks record for electricity consumption

Alberta breaks summer electricity record, still far short of capacity

CALGARY - Consumer use hit 10,638 MW, blowing past a previous high of 10,520 MW set on July 9, 2015, said the Alberta Electric System Operator (AESO).

“We hit a new summer peak and it’s likely we’ll hit higher peaks as the week progresses,” said AESO  spokeswoman Tara De Weerd.

“We continue to have ample supply, our generators are very confident there aren’t any issues.”

That new peak was set at 4 p.m. but De Weerd said it was likely to be exceeded later in the day.

Heightened air conditioner use is normally a major driver of such peak electricity consumption, said De Weerd.

She…

READ MORE
nissan vehicle to grid connection

Vehicle-to-grid could be ‘capacity on wheels’ for electricity networks

READ MORE

lightning strike

Almost 500-mile-long lightning bolt crossed three US states

READ MORE

russia-and-ukraine-accuse-each-other-of-violating-energy-ceasefire

Russia and Ukraine Accuse Each Other of Violating Energy Ceasefire

READ MORE

iran nuclear plant deal

Iran Says Deals to Rehabilitate, Develop Iraq Power Grid Finalized

READ MORE