News
News
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Ukrainian energy company arranges Uniper rally for its Russian support
Ukraine’s largest energy company DTEK has stated it is arranging a rally in Dusseldorf, next to the office of Germany utility Uniper – condemning the company’s ongoing financial support of Russia during its invasion of Ukraine. DTEK claims that Uniper is funding the war being waged by Russia, since it remains a key buyer of […]
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Germany and Austria forge plan to fill up gas storage facilities ‘more quickly’
Germany and Austria have signed a deal to accelerate their work on filling their gas storage facilities “more quickly” in a bid to cement their supplies amid the energy crunch. Signing a bilateral solidarity agreement, the two countries agreed to cooperate on the use of liquefied natural gas (LNG) infrastructure and storage filling. They pledged […]
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Big Solar Co-op launches its first share offer for rooftop solar arrays
New UK-wide community energy group Big Solar Co-op has launched its first share offer to develop a pipeline of rooftop solar arrays. Created by community renewables firm Sharenergy, it aims to raise £1.2 million for three solar installations in the Midlands, with 450kW of total capacity. That includes 300kW on a food processing plant in […]
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Germany and Czech Republic agree on mutual aid as Russian gas flows stop
Germany and Czech Republic have signed an agreement to work together in the case of a shortage of gas supply in light of the Nord Stream 1 gas pipeline shutdown. Nord Stream pipeline, which transfers natural gas from Western Russia to Europe, stopped its gas flows yesterday. In a joint statement, ministers of the two countries […]
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What’s driven market prices in recent months?
Image: EDF Energy We’ve seen the Winter 22 UK power price surge to fresh highs of over £340/MWh, but what has driven the market over the past few months? Fundamentals were weak over April and May, with mild weather, strong LNG imports and stable Russian supply helping European gas storage fill up at an impressive […]
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EU charges Alcogroup and Agroetanol over alleged ethanol benchmarks cartel
The European Commission has announced Belgium’s Alcogroup and Sweden’s Agroetanol have been charged by EU antitrust regulators over alleged ethanol benchmarks cartel, which could lead to fines. It has sent Statement of Objections to the two ethanol producers and their subsidiaries of its preliminary view that they colluded to influence the wholesale price formation mechanism […]
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Government awards £54m to carbon removal tech projects
Some of the most promising UK tech projects that suck carbon out of the air have been awarded more than £54 million in government support. The new funding will help projects further develop their greenhouse gas removal technologies. These include a machine that can pull carbon dioxide out of the air, a plant to convert […]
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Suppliers meet with charities to propose additional help for customers
Charities and consumer groups have met with energy suppliers to discuss potential measures that could help households amid the energy crisis. Representatives from charities Citizens Advice, National Energy Action and StepChange and Martin Lewis of Money Saving Expert met with the Chief Executive Officers of OVO, British Gas, Octopus, E.ON, EDF and Shell. The group […]
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Government report explains why petrol prices are so high
The gap between the price of crude oil and the price of petrol is what’s led to drivers paying so much at the pump. That’s according to a review of the road fuel market, published by the Competition and Markets Authority (CMA) and requested by Business Secretary Kwasi Kwarteng. The difference between crude oil pricing […]
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Chinese EV maker overtakes Tesla for global sales
Chinese electric vehicle (EV) manufacturer BYD has surpassed Elon Musk’s Tesla for the world’s most electric sales. The Warren Buffett-backed company from Shenzhen sold more than 640,000 vehicles for the first six months of this year – which represents a 300% increase from the same time, a year before. During this period, Tesla sold 564,000 […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas