Energy Pricing
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 [...]
Last week, Energy Secretary Ed Miliband announced the Administrative Strike Prices for the upcoming 7th auction round for the Contracts for Difference subsidy scheme. These represent the maximum prices he is willing to pay for each technology type. Or I should say, the maximum [...]
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 [...]
Last weekend, the UK parliament was recalled to pass the Steel Industry (Special Measures) Act 2025 in a single day. But there are very many myths and mis-understandings about what this means. Setting aside the irritating self-congratulation of MPs who think working on a [...]
With the start of October, the new retail price cap for British households comes into force. The cap level for Q4 24 is £1,717, £149 more than for Q3 2024, for an average dual fuel household paying through standard credit. It is likely that [...]
European gas prices have fallen significantly from the highs of 2022 but have yet to return to pre-crisis levels. In fact, they have become more volatile, less predictable, and arguably, less reflective of market fundamentals. In this post I will look at some of [...]
In March, Ofgem disappointed many by indicating that it is minded to reject all but one of the seven interconnector projects applying for authorisation under the cap and floor mechanism. The only project which makes the grade being the Tarchon (1.4 GW) between Britain [...]
My blog is 8 years old today! The past year has seen my business develop in ways I did not expect even a year ago when I was celebrating my higher profile. I am still regularly quoted in the press and have written regularly [...]
Today the Government has announced a new consultation to promote energy security (yet to be published) as part of its ongoing Review of Electricity Market Arrangements (“REMA”). Two main elements are being highlighted – a desire for more gas-fired generation to provide a backup [...]
In recent months questions have been asked around the future of Britain's gas infrastructure and pressure put on both the Government and Ofgem to address the question of gas network decommissioning. The UK Government has entered into a legal commitment to reduce the country’s [...]