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 […]
E10 The ‘New Green’ Petrol
On 1st September we saw the introduction of a new greener E10 petrol which is now the new standard grade. Many people are unsure what this new fuel is or what it means for them. The good news is that over 95% of petrol vehicles will be compatible, although some older and classic cars will […]
Energy Report September 2021
Headlines: Gas storage levels have improved Shortage of LNG supplies and uncertainty regarding Russian Gas deliveries More Electricity connectivity with the continent is on its way Energy Overview As of the 6th of September, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The Oil price is higher at […]
The Virtual Avocado Club – Stefan Gurney – BID
A few weeks ago we were joined by Executive Director of Norwich Business Improvement District (BID), Stefan Gurney as part of the bi-monthly Avocado Club event to talk about the work that BID does around the city centre, what impact lockdowns have had on businesses and what opportunities there have been for businesses to recover. […]
The Impact of Low Gas Storage Levels
You are likely to have noticed that Gas and Electricity Wholesale costs are currently showing a premium for Winter 2021. So, what is causing this? Most people would agree, the driving factor is the very low level of Gas Storage and the concern for its availability this coming winter. As of the 9th of August, our Medium Range Storage (MRS) levels were just 55% of those in 2020 and 60% of 2019. […]
Energy Report August 2021
Headlines: Very low Gas Storage levels Shortage of LNG deliveries The potential for an improved Wind contribution in August Energy Overview As of the 9th of August, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The Oil price is lower than last month at $69 per barrel, from […]