Newsflash: I’ve just been told that Tesco is withdrawing plans for an ecotown at Hanley Grange, near Cambridge.
We ran the story last week that the wheels were falling off the ecotown project, with three having withdrawn, one having been cut from 15,000 homes to 5,000 and another three – including Hanley Grange – running into difficulties. Read more
Leave aside the question of whether energy companies are charging too much for power. There is the separate question of the European emissions trading scheme (ETS) windfall, addressed elsewhere on this blog.
Earlier this year, Ofgem said power companies had ended up with a £9bn windfall because of a quirk in the scheme. In its second phase polluting companies must buy on average 7 per cent of the permits they need to pollute. For power companies it’s about 30 per cent. Read more