News
News
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French urged to cut energy use by 10%
French have been told to save energy and slash their energy use by 10% to help the country’s grid and eliminate the possibility of winter blackouts and energy rationing. French President Emmanuel Macron said: “If we collectively behave more soberly and save energy elsewhere, then there will be no rationing and no power cuts. “The […]
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Liz Truss: “I will deal hands-on with the energy crisis”
After making a 1,000-mile trip to meet Her Majesty at Balmoral Castle, Liz Truss is officially the new Prime Minister. In her first ministerial speech, delivered outside Number 10, Liz Truss articulated what her priorities would be with the new government. Earlier today, Boris Johnson said he was confident his successor Liz Truss would provide more support for […]
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‘I will deliver on the energy crisis’, says Liz Truss
Liz Truss has today been handed the keys to Number 10 as the successor to Boris Johnson. The long-awaited announcement earlier today at the Elizabeth II Centre in Westminster was no surprise as Liz Truss was the bookies’ favourite to be Prime Minister and leader of the Conservative Party in the last couple of weeks. […]
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Webinar: The energy crisis: How businesses can manage the impact of high energy prices
Click here to register Energy markets have moved dramatically over the last 12 months and power and gas prices are now trading at their highest. This potentially could put energy buyers renewing contracts this year into a position where power and gas contracts could even double in price. In this webinar GridBeyond, Cornwall Insight and […]
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Is the UK forging plan to cap renewables’ profits?
The government is reportedly examining the option to cap the profits of renewable energy generators in an effort to mitigate the impact of soaring prices on household bills. According to Bloomberg, the Business Secretary is looking at extending the so-called Contracts for Difference to generators to avoid imposing a windfall tax. It had been previously […]
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‘Carbon capture not a net zero solution!’
Carbon capture storage has long been touted as a key driver in the net zero transition but a new report disputes this, claiming the technology is “not a climate solution.” The study by researchers from the Institute for Energy Economics and Financial Analysis (IEEFA) claims that the technology cannot be a trailblazer in the journey […]
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Gazprom announces indefinite closure of Nord Stream 1
Gazprom has today announced it will extend the closure of Nord Stream 1 without providing a date that operations of the gas pipeline could restart. On Wednesday, gas flows through the pipeline were halted due to maintenance work – the company had stressed that the shutdown would last just three days until Saturday morning. In […]
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Fracking should not be panacea, says Boris Johnson
Boris Johnson doesn’t believe fracking should be seen as a panacea to solve a future energy crunch. In his final major policy speech on Thursday, the Prime Minister said: “If we could frack effectively and cheaply in this country, that would be possibly a very beneficial thing. I’m just, I have to say, slightly dubious […]
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G7 countries agree on introducing a price cap on Russian oil
The G7 has today announced its plan to impose a price cap on purchases of Russian oil. The coalition which includes Canada, France, Germany, Italy, Japan, the UK and the US has decided on implementing this measure to “reduce Russian revenues and Russia’s ability to fund its war of aggression whilst limiting the impact of […]
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Commercial operation begins at new LPG storage terminal in Malaysia
A new liquefied petroleum gas (LPG) storage terminal in Malaysia has successfully been completed and started commercial operation. The fully automated facility at Port Klang will enable “cost-advantaged shipments” of very large gas carriers (VLGCs) into Malaysia and the region, according to storage and logistics provider GPS Group which owns and operates the facility. It […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas