Featured Posts
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
Stress corrosion continues to trouble the French nuclear fleet
This week EDF updated its expectations for its nuclear fleet for this winter, downgrading its output forecasts to 275-285 TWh, compared to the previous estimate of 280-300 TWh. The main driver of the downgraded forecasts is a refusal by [...]
Demand Flexibility Service allows households to participate in DSR for the first time
Today National Gris ESO has officially launched the Demand Flexibility Service it announced in its Winter Outlook after Ofgem approved the scheme. It will run from today until 31 March 2023 allowing both businesses and households to be paid [...]
Sale of Bulb to Octopus Energy should finally cap the bill for consumers
Over the weekend, the Government announced that failed supplier Bulb which entered Special Administration back in November last year, is to be acquired by rival Octopus Energy. Although the sale process was described as “competitive” it is widely believed [...]
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 [...]
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