Featured Posts
New report: The true affordability of net zero
This evening my latest report: The true affordability of net zero, was launched at an event hosted by The [...]
Norway turning away from electricity interconnection
Norway is turning away from electricity interconnection as its governing coalition collapses over disagreements over energy co-operation with Europe. [...]
Time to accept that wind farm costs are not falling
There has been a consistent narrative that the cost of building new wind farms is falling, with falling subsidy [...]
Addressing the high real cost of renewable generation
Over the past few months we have been inundated with claims from interested parties that more renewables are the [...]
Recent Posts
European gas markets remain volatile: demand reduction will be key
In addition to the electricity winter outlook, National Grid’s gas operations division recently published its outlook for the gas market this winter. Despite the wider crisis in the gas markets, which is driving gas prices higher globally, including in [...]
UK Government energy price support schemes creating uncertainty
On Monday, the new Chancellor, Jeremy Hunt, shocked the energy market by potentially limiting the domestic Energy Price Guarantee (“EPG”) to just six months, rather than the two years initially promised only last month. Of course, the Government is [...]
NG ESO’s winter outlook still understates risks and focuses on demand reduction
Today, National Grid ESO published its Winter Outlook for 2022/23, updating its position since the early outlook issued in July, which was widely seen as unrealistic. The position in July was that a capacity margin of 4.0 GW was [...]
Business energy support maximum discount lower than expected
The Government has updated the maximum discount levels available to businesses through the Energy Bill Relief Scheme this winter. When the scheme was initially announced on 21 September, the expected maximum discount values were £405 /MWh for electricity and [...]
Possible sabotage puts Nord Stream pipelines out of use
Gas has been found to be leaking from the Nord Stream pipelines in what is being seen as an act of sabotage. On Monday night reports began to emerge of a leak on the Nord Stream 2 pipeline. This [...]
Business energy support scheme caps prices for non-domestic consumers
This morning the Government has announced the measures it is putting in place to support businesses with the high cost of energy (more detail is here). This follows the Energy Price Guarantee provided to domestic consumers on 8 September [...]
Nord Stream 1 remains closed but Europe is coping
I began this post over the first weekend in September when I was interviewed by various news outlets to discuss the decision by Gazprom not to re-open Nord Stream 1 after a short maintenance outage. I was then distracted [...]
Energy Price Guarantee to support households and businesses this winter
Today the new Prime Minister has announced the long-awaited support for rising energy bills. A new Energy Price Guarantee is being introduced which supersedes the price cap and will fix average energy costs for households at £2,500 for 2 [...]
Dealing with high energy prices – a message to Jacob Rees-Mogg
With the largely expected news that Liz Truss would become the new Prime Minister of the United Kingdom, speculation is growing about the support that will be offered to consumers ahead of the increase in the price cap that [...]
Renewed interest in nuclear as energy crisis deepens
Nuclear power may be on the verge of a global renaissance just over a decade after the Fukushima disaster placed its future in doubt. The global shortage of gas in the face of the Ukraine war, with western buyers [...]
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