Vince Cable said the Government is preparing to offer targeted support for Britain’s oil and gas sector as part of a new and “proper industrial policy”. In a move that represents a shift from last year’s controversial tax raid on North Sea oil, the Business Secretary said the Government wanted to help the sector “re-energise” … Continue reading »
Feb
27
Feb
21
Centrica seeks clarification ahead of plans for closer nuclear ties with France
Centrica is seeking clarification from the Government on key financing and cost issues before making decisions about whether to continue its nuclear power partnership with EDF and build four new nuclear plants in Britain at an estimated cost of £20bn. The British Gas parent wants more details about how the Government’s electricity market reforms will … Continue reading »
Feb
20
Weekly Gas Curve – 20/02/2012
Gas Curve – We saw an increase last week due to Iran announcing that it would be stopping the supply of oil to six European countries
Feb
20
Weekly Electricity Curve – 20/02/2012
Electricity Weekly Curve
Feb
16
Scotland could raise £30bn energy fund over 20 years, says Salmond
An independent Scotland could reap a £30bn dividend from a “reindustrialised” green energy sector over the next 20 years, Alex Salmond said on Wednesday night, raising the stakes in his economic case for a break from the union. The first minister told an audience of academics, students and members of the public at the London … Continue reading »
Feb
13
Wholesale Gas Price Update
Gas prices peaked last Wednesday due to the cold weather across Europe, however the market softened towards the end of week and throughout Monday. With the warmer weather forecast throughout Europe, we should see the market stabilise.
Feb
06
Electricity Price Curve Update
The 2 graphs above show the price of electricity over the past 7 days and since January 1st 2012. The recent cold snap and ongoing tensions in the Middle East have contributed to a spike in prices and raising uncertainty for long term pricing
Feb
04
Freezing Europe hit by Russian gas shortage
Freezing weather sweeping across Europe has led to a shortage of vital Russian gas supplies to several countries, officials say. An EU energy spokeswoman said eight countries had seen a reduction in gas due to increased demand in Russia. She said the situation was not an emergency but was being monitored. The cold snap … Continue reading »
