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The pillars to a successful corporate power purchase agreement
© Energy Live News Ltd Suite 115, Cuffley Place Sopers Road, EN6 4SG [email protected] Registered as a business in England Wales No: 07209102 VAT No: 988 8336 42 Article source: https://www.energylivenews.com/2024/06/05/the-pillars-to-a-successful-corporate-power-purchase-agreement/
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Flagship Energy’s Tejal Shah Energy Markets Update – 5th June 2024
The week started off with a bang, following an outage on Sunday that curtailed Norwegian gas exports to the UK and Europe resulting in gas prices reaching their highest level since December 2023. Gassco attributed it to a crack in a two-inch pipeline onboard Equinor’s offshore Sleipner Riser platform. Since then, prices have reversed to […]
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ENA unveils general election manifesto on energy priorities
The Energy Networks Association (ENA) has launched its 2024 general election manifesto. The manifesto emphasises the need for a new government to prioritise the continuous flow of energy while transforming the energy grid to support the UK’s 2050 decarbonisation targets. The manifesto identifies identifies four key priorities. According to the ENA, constructing new transmission infrastructure […]
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‘Inadequate energy storage policy puts Ireland’s renewable targets at risk’
A new report has unveiled critical hurdles obstructing the progress of long duration energy storage (LDES) in Ireland, potentially jeopardising its ambitious renewable energy objectives. Released by Cornwall Insight in collaboration with the Climate Change Advisory Council, the report identifies a policy vacuum as the primary impediment to the expansion of LDES infrastructure crucial for […]
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Oxford launches £7m home energy retrofit
Oxford City Council has initiated a £7 million project to retrofit over 300 social homes in the city. VINCI Facilities and Oxford Direct Services (ODS) have been appointed to carry out the work. VINCI Facilities has begun work on 216 homes, while ODS will focus on the remaining 100. The project is partially funded by […]
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Boost of £2.7m to slash leisure centre’s carbon footprint
Hutton Moor Leisure Centre in Weston-super-Mare, North Somerset will benefit from over £2.7 million in green investment aimed at reducing the centre’s carbon dioxide emissions. North Somerset Council secured a grant of £2,344,518 from the UK Government’s Public Sector Decarbonisation Scheme (PSDS) for various energy efficiency measures at the leisure centre. The PSDS funding will […]
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Energy bills to stay high, warns Ofgem
British energy bills are not expected to fall significantly over the next decade, according to the Chair of energy regulator Ofgem. Mark McAllister, who took up his role in November, stated in an interview with the Financial Times that energy bills are anticipated to stay “relatively flat in the medium term.” Mr McAllister attributed this […]
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Labour’s Great British Energy vs Tory cost concerns
Labour has announced plans for Great British Energy, a publicly owned company aimed at producing clean energy domestically if the party wins the next election. This initiative, part of Labour’s “Six Steps for Change” campaign in Wales, focuses on energy reform as its fourth step. Labour stated that the new company would work to reduce […]
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Energy spending climbs: Consumers fork out £7.8 trillion
Consumers globally paid nearly $10 trillion (£7.8tn) on energy in 2022, averaging over $1,200 (£944) per person. According to the International Energy Agency’s new report, this figure represents a nearly 20% increase compared to the average spending over the previous five years. Despite government subsidies and emergency support, high energy prices have been particularly pronounced […]
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UK energy production decreases, consumption stabilises
Recent government data spanning January to March 2024 reveals shifts in the UK’s energy sector compared to the same period a year earlier. Primary energy consumption on a fuel input basis experienced a decline of 1.3%, mainly due to warmer temperatures rather than pricing factors, with a temperature-adjusted decrease of 0.8%. Indigenous energy production dropped […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas