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

Bruce Power cranking out more electricity after upgrade

OWEN SOUND - Bruce Power’s Unit 3 nuclear reactor will squeeze out an extra 22 megawatts of electricity, thanks to upgrades during its recent planned outage.

Similar gains are anticipated at its three sister reactors at Bruce A generating station, which presents the opportunity for the biggest gains, due to a design difference over Bruce B’s four reactors, Bruce Power spokesman John Peevers said.

Bruce A reactor efficiency gains stem mainly from the fact Bruce A’s non-nuclear side, including turbines and the generator, was sized at 88 per cent of the nuclear capacity, Peevers said.

This allowed 12 per cent of the energy,…

READ MORE
hinkley Point C

Setbacks at Hinkley Point C Challenge UK's Energy Blueprint

READ MORE

wires logo

Senate Committee Advised by WIRES Counsel That Electric Transmission Still Faces Barriers to Development

READ MORE

grid

Tornadoes and More: What Spring Can Bring to the Power Grid

READ MORE

How Should California Wind Down Its Fossil Fuel Industry?

READ MORE