Energy Pricing
On Sunday evening, 8 November, the National Energy System Operator (“NESO”) issued an Electricity Margin Notice (“EMN”) warning that electricity supplies could be tight between 6 am and 11 am the following morning. The initial forecast shortfall in its operating margin was 1,388 MW, [...]
On Friday 6 November, Britain's electricity system operator spent consumers' money like a gold digger who just got her hands on a billionaire's Amex, paying very high prices for additional electricity imports, with interconnector auctions recording clearing prices above £2,500 /MWh. NESO also accepted [...]
US President Donald Trump is considering restrictions on diesel exports in an attempt to bring down record fuel prices for American consumers. The US is the world's largest exporter of diesel, so preventing some or all of those exports should leave more diesel for [...]
Here is the transcript of a speech I gave to the New South Wales Energy Forum on 19 July. Unfortunately it was by Zoom and not in person... *************************** Good afternoon, and thank you for inviting me to speak today about the practical realities [...]
Here is a transcript of a speech on grid stability that I gave to the International Energy Credit Association in Valencia on 16 June 2026... ................................. Good morning, and thank you for inviting me to speak here today. This is a risk audience, so [...]
Kemi Badenoch’s proposal to cut energy bills by £200 has been widely dismissed as political posturing, but when looked at properly, from the perspective of consumers and the costs they have to bear, it’s far more coherent than critics would like to admit, and [...]
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 [...]