News
News
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IEA: The pace of global energy efficiency ‘not quick enough’ to meet climate goals
The scale of energy efficiency deployments globally is below the pace needed to enable countries to reach net zero. The worrying finding comes from the International Energy Agency (IEA)‘s landmark report on energy efficiency which suggests the amount of money invested in this sector worldwide needs to triple to help the governments achieve net zero […]
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Can we genetically modify beer to protect biodiversity?
The main problem breweries have is getting the right characteristics in the yeast they use to make their beer – that’s what gives it a unique taste. This can lead to a long-winded and laborious process, involving different methods to achieve the desired traits and this has been the main cause of frustration for brewers […]
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NordStream 2 uncertainty sees gas price jump across Europe
In this week’s Resonance energy market podcast, Jeremy Nicholson talks to Alfa’s Dr Petra Puskarova about European energy markets and the news of uncertainty around NordStream 2 deliveries causing the jump in energy prices. In this episode of the Resonance you will learn: NordStream2 issues cause a spike in gas prices – what has happened […]
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Does Tajikistan hold the answers to Central Asia’s net zero transition?
The International Energy Agency (IEA) has produced a roadmap for Tajikistan to realise the potential of its hydropower capacity. The IEA has stated that the country has the potential to advance renewable energy throughout Central Asia, with the current infrastructure and resources in place to take advantage of its surplus hydropower. It claims that the […]
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Collapses of suppliers lead to record low of energy switches in October
The exits recorded in the energy retail market in the last few weeks seem to have had an impact on energy switching activity, a new report suggests. ElectraLink estimates that nearly 232,000 switches started last month, which is almost 67% less than in October last year and the fewest in one calendar month since 2012. […]
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‘Day-ahead power prices are 300% higher than the same time last year’
Wholesale energy prices on Monday hit the second-highest level since 2018. The low wind speeds pushed energy prices to more than £2,000 per MWh. Cornwall Insight said day-ahead power prices on Monday were over 300% higher than the same time last year. The consulting firm said that the market might see prices climb even further […]
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‘Day-ahead power prices are 300% higher than the same time last year’
Wholesale energy prices on Monday hit the second-highest level since 2018. The low wind speeds pushed energy prices to more than £2,000 per MWh. Cornwall Insight said day-ahead power prices on Monday were over 300% higher than the same time last year. The consulting firm said that the market might see prices climb even further […]
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Collapses of suppliers lead to record low of energy switches in October
The exits recorded in the energy retail market in the last few weeks seem to have had an impact on energy switching activity, a new report suggests. ElectraLink estimates that nearly 232,000 switches started last month, which is almost 67% less than in October last year and the fewest in one calendar month since 2012. […]
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Melbourne’s buildings could provide 74% of its energy needs
Buildings in the Australian city of Melbourne could provide close to three-quarters of the city’s own electricity needs through fully integrated solar in rooves, walls and windows. That’s according to new research by Monash University, the ARC Centre of Excellence in Exciton Science and the University of Lisbon. The study models the viability and impacts […]
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BEIS spent £1m on emergency financial advice over collapsed energy suppliers
The Department for Business, Energy and Industrial Strategy awarded a £1 million contract for emergency financial advice to help it deal with a string of collapses in the domestic electricity and gas market. The contract was awarded to the investment bank PJT Partners on the grounds of extreme urgency under Regulation 3 of Public Contracts […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas