Here are the business stories making the headlines in Scotland and the UK this morning.

Electricity superhighway

Planning consent has been granted for a new subsea electricity superhighway that will boost grid connection between Scotland and England.

All relevant authorities have now signed off on Eastern Green Link 2 (EGL2), a high-voltage direct current (HVDC) cable.

It will run from Peterhead to Drax in England - with 273 miles of subsea cables and 43 miles of underground cables - and is being delivered as a joint venture between National Grid and SSEN Transmission.

Approval has been given by three local planning authorities for all the onshore and offshore elements of the project, including new converter stations and cables.

Energy Voice says it's now up to regulator Ofgem to give the green light.

EGL2 will be the longest HVDC cable in the UK - providing enough capacity to power more than two million homes.

New price cap announced

An annual energy bill for a typical British household will fall to £1,923 in October under regulator Ofgem's latest price cap.

The maximum price of each unit of gas and electricity for 29million households in England, Wales and Scotland is governed by the decision.

A typical bill will be £151 lower than currently and £577 down on last winter.

But reduced government support and higher fixed costs mean many will see little difference in what they pay.

Ofgem's price cap is now set every three months, partially to reflect changes in wholesale prices which are paid by suppliers. It sets the maximum amount that suppliers can charge for each unit of energy but not the total bill. If you use more, you will pay more.

The BBC says that, for a home using a typical amount of gas and electricity and paying by direct debit, the current annual bill is £2,074.

This will fall to £1,923 for the final three months of this year.

Protests by Scots firefighters and police officers

Firefighters and police officers from across Scotland have held protests over funding cuts and stalled pay talks.

The BBC says that, in Glasgow, about 400 firefighters gathered to warn £36milllion of fire service budget cuts could endanger lives.

Meanwhile, in Edinburgh, off-duty officers protested outside a meeting of the Scottish Police Authority to call for a "justifiable" pay rise of 8.5%.

Cambo stake sale

Shell appears to be making headway on finding a buyer for its stake in a West of Shetland oilfield.

The chairman of Ithaca Energy , which is partnered with the energy major on Cambo, told analysts and investors that the sales process, now at its halfway point, is "progressing well".

Gilad Myerson added that he is hopeful of a breakthrough before long so that the project can begin to move towards a final investment decision.

Energy Voice says itIt is now well over a year and a half since Shell announced it would not be moving forward with its 30% share in Cambo.

The energy company said the investment case was not strong enough.

Wilko last-minute offer

Efforts to salvage at least some branches of collapsed household retailer Wilko are still under way, despite a deadline for final offers to be submitted by tonight.

The latest possible saviour is Canadian businessman Doug Putman, known for reviving music and games retailer HMV.

But he faces an uphill battle, as the BBC understands that his offer is unlikely to meet legal requirements.

Wilko's collapse puts 12,500 jobs and 400 stores at risk.

Administrator PwC is tasked with trying to look for a buyer for all or part of the business.

Even if Mr Putman's last-minute offer is successful, it is understood that it would not be expected to prevent the closure of the majority of Wilko's stores and the closure of its depots and head offices.

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