Featured Posts
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 [...]
Windfall tax harms oil and gas production and must be cut
In May last year, the UK Government introduced a windfall tax on the profits of oil and gas companies [...]
Why Norway’s views on energy security should ring alarm bells across Europe
Norway's energy security would appear to be a done deal, yet the past couple of years have been very [...]
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
An extraordinary market sees WTI crude oil prices turn negative
I wrote recently about the increasing incidences of negative electricity prices, driven by the limited ability to store electricity meaning that to all intents and purposes, electricity is consumed as it is generated. However, electricity is not the only [...]
Green bonds outperforming during Covid-19 crisis
Access to finance is important to businesses at any time, and more so in these times of unprecedented disruption. One area that has been attracting increasing levels of interest in recent years is the area of green finance, where [...]
The GB electricity market is not yet ready to get rid of its coal
In 2019 the GB market went a total of 18 consecutive days without any coal contributing to demand and 83 days without coal throughout the year as a whole. This was hailed as a great turning point and a sign [...]
Capacity market re-start finally delivers higher prices
Since the capacity market was authorised to re-start last October, following its suspension, there have been three auctions: a T-3 auction for the delivery year 2022/23, replacing the missed T-4 auction, a T-1 auction for 2020/21 and a T-4 [...]
The impact of covid-19 on the energy markets – update
Last week I participated in a webinar hosted by Energy Live News on how the covid-19 on users, brokers and suppliers, which covered some interesting points not mentioned in my previous post on the subject. Market liquidity on the [...]
How will the covid-19 crisis affect energy markets?
As we all enter the second week of the covid-19 lockdown, what is the impact of the crisis on the gas and electricity sectors?Retail markets: changing usage patterns and an increase in consumer vulnerabilityMore consumers are now vulnerableOne of the [...]
Negative electricity prices hit the GB market
One of the consequences of the energy transition and the increase in renewable generation on the electricity system has been the growth in negative electricity prices, where production is curtailed and/or consumers are paid to take surplus generation. These [...]
Energy market outlook for 2020 – a year is a long time in energy
Another new year brings another look back at the past 12 months and a time to consider what the energy market outlook might be for 2020. This time last year, my predictions for the top five energy themes for [...]
Once upon a time…
A personal project has kept me away from my blog recently, but I wanted to end the year with a wrap-up of some interesting low-carbon technologies that are enjoying a revival. Scientists have been studying a rare phenomenon in [...]
Guernsey: energy policy considerations for small markets
Last week I had the pleasure of being one of the keynote speakers at the Institute of Directors Guernsey Branch annual convention, speaking about energy policy options for the Bailiwick in the context of climate ambitions. The day before, [...]
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