Gazprom wants to sell power to British
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.
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Major U.S. utilities spending more on electricity delivery, less on power production
WASHINGTON - Over the past decade, major utilities in the United States have been spending more on delivering electricity to customers and less on producing that electricity.
After adjusting for inflation, major utilities spent 2.6 cents per kilowatthour (kWh) on electricity delivery in 2010, using 2020 dollars. In comparison, spending on delivery was 65% higher in 2020 at 4.3 cents/kWh. Conversely, utility spending on power production decreased from 6.8 cents/kWh in 2010 (using 2020 dollars) to 4.6 cents/kWh in 2020.
Utility spending on electricity delivery includes the money spent to build, operate, and maintain the electric wires, poles, towers, and meters that…
