Energy Pricing
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 the [...]
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 [...]
In this final post in my series on minerals critical to the energy transition I look at rare earth metals. The name "rare earths" is often used to describe all 15 elements comprising the lanthanide series on the periodic table along with scandium and [...]
In this next post in my series on the critical minerals required for the energy transition, I look at more of the essential components of batteries: graphite and manganese. Graphite is an often over-looked part of the battery supply chain Carbon is one of [...]
Continuing my series on critical minerals, in this post I will look at some of the main metals required for lithium-ion batteries, the core component in electric cars and current battery-based grid-scale electricity storage solutions, lithium, cobalt and nickel. In a lithium-ion battery, the [...]
Following on from my post about the need to secure critical minerals for the energy transition, in this post I look at copper and aluminium, two metals essential for the delivery of the huge increase in grid infrastructure that will be needed to deliver [...]