The Future of Nuclear Generation in the UK
In order to hope to meet Net Zero by 2050 we will need to start to move away from burning fossil fuels. We have come a long way in almost removing Coal, the final power stations due to close in 2024, but we continued to rely heavily on Gas as its replacement. Despite investment in […]
Energy Report February 2022
Headlines: Lower Gas and Electricity Wholesale costs. Tensions with Russia continue to create price volatility. EU Gas Storage levels at just 38% full compared to 52% last year. Energy Overview As of the 1st of February, Gas and Electricity Year Ahead Wholesale costs were lower, when compared to last month’s report. The Oil price is […]
Energy Report January 2022
Headlines: Increased Gas and Electricity Wholesales costs. Delay approving the Nord Stream 2 Gas pipeline. European Gas Storage levels at just 56% compared to 73% last year. Energy Overview As of the 4th of January, Gas and Electricity Year Ahead Wholesale costs were higher, when compared to last month’s report. The Oil price is $80 […]
EV Charging Points to be installed in new homes in England by law from next year
You may have seen the latest news from the Government that new homes will be required to have EV charging stations installed by 2022. This follows the announcement that they also want to ban the sale of new traditional petrol and diesel cars and vans by 2030. These measures are to try to ensure that […]
Energy Report December 2021
Headlines: Increased Gas and Electricity Wholesales costs. Delay approving the Nord Stream 2 Gas pipeline. European Gas Storage levels at just 66% full compared to 86% last year. Energy Overview As of the 6th of December, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The Oil price is […]
COP26 & Net Zero
The UK will host the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow on 31 October – 12 November 2021. This is a huge and important event that will be attended by Heads of State and climate experts to agree what action is needed to tackle climate change. Despite 70% of the […]
Further Insights into Gas & Electricity Wholesale Prices
You would have done well not to have either heard about the high price of Gas and Electricity and better still not to be feeling the impact. Each day when we look at the Wholesale costs, like everyone else, we are surprised at just how far the current spike continues to go. There have been […]
Energy Report October 2021
Headlines: Gas and Electricity Wholesale prices show extreme volatility in September. Shortage of LNG supplies and uncertainty regarding Russian Gas deliveries. Partial outage of our largest Electricity Interconnector until March 2022 Energy Overview As of the 4th of October, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The […]
The security of the UK’s energy supply, no need to panic
Following on from the news last week regarding the fire at the main electricity interconnector in the UK and rising gas prices, there have been a lot of discussions and meetings taking place over the weekend. The main thing to come out of these meetings is, according to the Government, the UK’s energy supply is […]
Fire at Key UK Power Unit Knocks Out France Link Until October
Firefighters have been battling a fire that broke out early this morning at a key electricity converter station in the UK which has shut down a major cable that brings power from France. This outage has resulted in worsening Britain’s energy crunch and as a result of this, Gas and power prices have jumped. The […]