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UK grid asks coal reserve to prepare as cold snap looms

  Bloomberg The UK’s grid operator asked one coal-fired power unit to be ready to generate power as it seeks to boost electricity supplies during a cold snap. The Uniper SE-owned unit at the Ratcliffe plant in central England is warming and will be ready to provide power by 12:25 pm London time on Tuesday, according to a notice by ...

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Enel in talks with PPC  for Romanian unit sale

  Bloomberg Enel SpA has extended an exclusivity period for talks with Greece’s Public Power Corporation S.A. on the potential sale of its Romanian operations until the end of February. PPC entered an exclusivity agreement with the Italian utility in December in relation to the potential acquisition of the entire equity stakes held by Enel in Romania. The parties “will ...

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UK may reap £70b borrowing from household Covid savings

  Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

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