Energy Policy
On Tuesday, 6 days into the Winter 26-27 season, we NESO issued an Electricity Margin Notice (“EMN”). Despite NESO repeatedly telling the market that EMNs are “routine tools” that do not signify a blackout, the following facts are notable: It was long: this EMN [...]
US President Donald Trump is considering restrictions on diesel exports in an attempt to bring down record fuel prices for American consumers. The US is the world's largest exporter of diesel, so preventing some or all of those exports should leave more diesel for [...]
Today I have published a new report on the gas markets: Gas security: The foundation of energy security. In it I call for Britain to increase its domestic gas production, reduce its reliance on imported electricity and fundamentally rethink the way it plans for [...]
Today I have published a new report into the refineries sector: Fuel, refineries and the UK ETS: what policymakers need to know. In it I call for refineries to be excluded from the UK Emissions Trading Scheme (“ETS”) at the very least, and ideally [...]
Here is the transcript of a speech I gave to the New South Wales Energy Forum on 19 July. Unfortunately it was by Zoom and not in person... *************************** Good afternoon, and thank you for inviting me to speak today about the practical realities [...]
10 years ago today I published my first blog post, and it’s interesting that I’m still talking about this exact topic – the physics of the gas and electricity markets. Last week I was in Parliament giving one of my training courses for MPs [...]
Kemi Badenoch’s proposal to cut energy bills by £200 has been widely dismissed as political posturing, but when looked at properly, from the perspective of consumers and the costs they have to bear, it’s far more coherent than critics would like to admit, and [...]
Today I gave the following speech at the ENVEXX oil and gas conference in London... . Good afternoon. I’m delighted to be here today – thank you to Mike for inviting me. The new dislocation in the energy markets has Ed Miliband and others [...]
The GB Capacity Market was introduced with a clear and repeatedly stated objective: to ensure security of electricity supply by bringing forward new capacity where the market would not do so on its own. In particular, it was meant to underwrite the construction of [...]
This evening my latest report: The true affordability of net zero, was launched at an event hosted by The Lord Offord of Garvel, Shadow Minister for Energy Security and Net Zero in the House of Lords. The event was attended by MPs, Peers and [...]