
Energy giant SSE sees UK dry spell hit water power generation
This was due to 'unfavourable weather conditions' affecting its hydro power stations, which work by harnessing the power of moving water to generate electricity.
SSE's hydro generation dropped by about 40% in the three months to June, compared with the same period a year ago.
Scotland has experienced a lack of rainfall, with regions in the east seeing the driest spring since 1964, according to the Scottish Environment Protection Agency.
SSE told investors that the dry conditions offset strong operational availability across its renewable power plants.
Meanwhile, the company welcomed 'clarity' from the Government's decision not to split the country into different energy pricing zones.
Energy Secretary Ed Miliband confirmed earlier this month that the UK would retain a single national wholesale price for electricity but reform the current system.
SSE said in a statement to investors that the decision brings 'welcome clarity for both investors and consumers whilst sending a strong investment signal that reaffirms the UK as a world-leading renewables market'.
The form said its financial outlook for the year continues to be subject to weather, market conditions and plant availability, with the key winter months still to come.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NBC News
an hour ago
- NBC News
Travelers to the U.S. must pay a new $250 ‘visa integrity fee' — what to know
Visitors to the United States will need to pay a 'visa integrity fee,' according to a provision of the Trump administration's recently enacted One Big Beautiful Bill Act. The fee applies to all visitors who need nonimmigrant visas to enter, and cannot be waived. However travelers may also be able to get the fees reimbursed, according to the provision. Details about the new requirement are scant, which has resulted in 'significant challenges and unanswered questions regarding implementation,' a spokesperson from the U.S. Travel Association told CNBC Travel. However, here is what is known thus far. How much is the fee? The fee will be at least $250 during the U.S. fiscal year 2025, which runs from Oct. 1, 2024, to Sept. 30, 2025. However, the secretary of Homeland Security is free to set the fee higher, according to the provision. Thereafter, the visa integrity fee will be adjusted for inflation. Who must pay the new fee? The 'visa integrity fee' applies to all visitors who need nonimmigrant visas, which includes tourists, business travelers and international students. When is the fee paid? The fee is paid when the visa is issued, according to the provision. Thus, visitors whose visa requests are denied will not be charged. Does the fee replace other visa fees? No, the provision states that the new fee is 'in addition to' other fees, including regular visa fees. 'For example, an H-1B worker already paying a $205 application fee may now expect to pay a total of $455 once this fee is in place,' Steven A. Brown, a partner at the Houston-based immigration law firm Reddy Neumann Brown PC, wrote in a post on his firm's website. Additionally, the fee must be paid on top of a 'Form I-94 fee,' which the One Big Beautiful Bill Act increased from $6 to $24. That fee must be paid by anyone who is required to submit a Form I-94 arrival and departure record, which applies to most travelers. How can travelers get reimbursed? To get their money back, visa holders must comply with the conditions of the visa, which includes 'not accept[ing] unauthorized employment,' and not overstay the visa validity date by more than five days, according to the provision. Reimbursements will be made after the travel visa expires, it says. What isn't known The fee has not yet been implemented, according to Brown. It is not clear when it will begin. 'I believe it would need a regulation, or at least a notice in the Federal Register, regarding implementation on collection,' said Brown. It is also unclear how travelers will pay the fee, the U.S. Travel Association told CNBC. 'The bill directs the DHS Secretary to charge the fee, but DHS does not own the visa application, issuance or renewal process — so where and when would DHS collect the fee?' the spokesperson said. In response to CNBC's enquires, a Department of Homeland Security spokesperson said: 'The visa integrity fee requires cross-agency coordination before implementation.' More questions surround how and when the reimbursement process kicks in. Since many visas are valid for several years, the U.S. Congressional Budget Office said it expects 'a small number of people would seek reimbursement.' Moreover, 'CBO expects that the Department of State would need several years to implement a process for providing reimbursements. On that basis, CBO estimates that enacting the provision would increase revenues and decrease the deficit by $28.9 billion over the 2025‑2034 period.' Brown said he is advising clients to treat the fee as nonrefundable. 'If you get it back, great. But it is usually difficult to get money back from the government,' he said. 'I would rather them view it as a 'bonus' if they get the refund.' The purpose of the fee 'President Trump's One Big Beautiful Bill provides the necessary policies and resources to restore integrity in our nation's immigration system,' a Department of Homeland Security spokesperson told CNBC. Data shows most visa holders comply with their visa terms. For the fiscal years between 2016 and 2022, between 1%-2% of nonimmigrant visitors overstayed their visas in the United States, according to the U.S. Congressional Research Service. However, an estimated 42% of the approximately 11 million unauthorized population living in the United States entered the country legally, but overstayed their period of admission, the data shows. Effect on incoming travelers Brown said the visa integrity fee will likely impact B visa holders — or leisure and business travelers — and international students more than other types of travelers. 'For B visa holders, they may not want to add an additional $250 per person to their trip costs,' he said. The new fee, plus the I-94 fee, come as the United States prepares to host several major events in 2026, including the 'America 250' celebration, in honor of the country's 250th anniversary, and parts of the FIFA World Cup. These hurdles are compounded by problems at Brand USA, the destination marketing organization that promotes inbound travel into the United States, which saw the One Big Beautiful Bill Act slash its funding from $100 million to $20 million. The cuts came after the U.S. Commerce Department fired nearly half of Brand USA's board members in April. In a statement, Fred Dixon, the organization's president and CEO, said it is 'disappointed' with the cuts yet hopeful that the funds will be restored for the fiscal year 2026. 'We remain focused on growing legitimate international inbound travel and the vital boost it provides to the U.S. economy,' he said. Ahead of the passage of the One Big Beautiful Bill Act, U.S. Travel Association President and CEO Geoff Freeman praised the bill's contributions to U.S. infrastructure, air traffic control and border security.


Business News Wales
an hour ago
- Business News Wales
Cardiff University to Share in £54m Global Talent Fund to Attract Top Researchers
Cardiff University is set to share in a £54 million fund to attract top researchers to the UK. It is one of 12 leading universities and research institutions which will deliver the Global Talent Fund. It is designed to attract a total of 60-80 top researchers – both lead researchers and their teams – to the UK, working in the eight high priority sectors named in the UK Government's Industrial Strategy, such as life sciences and digital technologies. The UK Government says that each of the selected institutions has a track record of recruiting and supporting top international R&D talent, as well as securing international competitive research funding to the UK. They are empowered to develop their own approaches and plans to spend their share of the Global Talent Fund to attract research talent from the around the globe in their choice of Industrial Strategy areas, including covering visa and relocation costs for researchers and their family members. Cardiff University's Vice-Chancellor Professor Wendy Larner said: 'We are delighted to have secured this funding to help us attract the world's best minds to Cardiff and Wales. 'It is a clear endorsement of our standing and place in the UK research community and sends a clear message that we are well-positioned to attract global talent. It will enable us to support more of the world's leading academics in Wales – helping to further boost our research capacity and global reputation in key research areas.' The institutions selected to deliver the Global Talent Fund are: University of Bath Queen's University Belfast University of Birmingham University of Cambridge Cardiff University Imperial College London John Innes Centre MRC Laboratory of Molecular Biology University of Oxford University of Southampton University of Strathclyde University of Warwick Science Minister Lord Vallance said: 'Genius is not bound by geography. But the UK is one of the few places blessed with the infrastructure, skills base, world-class institutions and international ties needed to incubate brilliant ideas, and turn them into new medicines that save lives, new products that make our lives easier, and even entirely new jobs and industries. Bringing these innovations to life, here in Britain, will be critical to delivering this Government's Plan for Change. 'My message to the bold and the brave who are advancing new ideas, wherever they are, is: our doors are open to you. We want to work with you, support you, and give you a home where you can make your ideas a reality we all benefit from.' The Global Talent Fund is administered by UKRI and is part of over £115 million funding dedicated to attracting scientific and research talent to the UK. In addition to this fund, two fellowships have been launched aimed at bringing groundbreaking AI research teams to UK organisations and labs: the £25 million Turing AI 'Global' Fellowships, as well as a UK-based expansion of the Encode: AI for Science Fellowship. Alongside this, two new fast-track research grant routes have been announced by the National Academies – including £30 million from the Royal Society for a Faraday Discovery Fellowship accelerated international route, part-funded by their £250 million DSIT endowment. The Royal Academy of Engineering has announced a similar fast track international route, as part of its £150 million Green Future Fellowships endowment from DSIT – this funding will ensure the UK competes for the best global talent in science and research. Researchers looking to relocate to the UK can also benefit from the Choose Europe scheme, thanks to the UK's association to Horizon Europe. All will be supported by the Global Talent Taskforce. Launched as part of the Industrial Strategy, the taskforce will report directly to the Prime Minister and Chancellor, and support researchers, scientists and engineers as well as top-tier investors, entrepreneurs and managerial talent to bring their skills to Britain. Work to cultivate top AI research talent in the UK is further bolstered through the Spärck AI scholarships, which will provide full funding for master's degrees at nine leading UK universities specialising in artificial intelligence and STEM subjects. These scholarships will open for applications in Spring 2026. Postgraduate research will also be supported broadly, with £500 million UKRI funding supporting students at 45 higher education institutions to study projects in biological, engineering and physical, and natural and environmental sciences. The IMF estimates that breakthroughs in AI alone could boost productivity by as much as 1.5 percentage points a year, which could be worth up to an average £47 billion to the UK each year over a decade. Other technologies could be gamechangers too: quantum computing could add over £11 billion to the UK's GDP by 2045, while engineering biology could drive anywhere between £1.6-£3.1 trillion in global impact by 2040. Professor Christopher Smith, International Champion at UK Research and Innovation (UKRI), said: 'Global challenges from climate change to energy security, food systems to antimicrobial resistance do not respect borders, and neither should the research and innovation required to address them. Time and again, international collaboration has driven transformative breakthroughs: from the discovery of the Higgs boson at CERN, to the global effort to decode the complex wheat genome, enabling the development of high-yield, climate-resilient crops that support food security worldwide. The impact of global partnerships is clear. 'The Global Talent Fund is a vital part of UKRI's mission to support an open, dynamic, and diverse research and innovation system. By supporting our brilliant research institutions to attract outstanding individuals from across the world and foster collaboration between nations, we are strengthening the UK's position at the heart of the global knowledge economy. This fund aligns with our enduring commitment to international engagement, and to working together to shape a better future for all.'


The Independent
5 hours ago
- The Independent
Millions of UK drivers could benefit from Rachel Reeves' policy
Rachel Reeves is reportedly set to freeze fuel duty again this autumn to help drivers struggling with the cost of living. The decision will maintain the current 5p per litre cut introduced in 2022, despite calls to increase the tax to address public finance shortfalls. Maintaining the freeze and the existing cut is estimated to cost the Treasury around £5 billion annually. Treasury sources indicate that a hike in fuel duty will not be part of Ms Reeves' Autumn Budget, as she believes it would be the 'wrong choice' for working people. Analysis by a think tank suggests that continuous freezes and cuts to fuel duty since 2012 will have cost the government over £200 billion by 2028.