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NewsA report published by the European Commission has declared that the current rules regarding fracking for shale gas are sufficient The controversial new method of extracting gas by hydraulic fracturing (fracking) of rocks deep below the Earth’s surface is already covered by existing water and drilling regulations, and no new rules are needed until the [...]
Posts under ‘Utilities Market Regulation’
‘Big six’ make small price reductions
All of the big six energy suppliers have now cut their prices, following electricity and gas price rises in the second part of 2011. All of the largest players in the energy market have now cut their standard domestic tariffs to some extent, but all of them have made reductions that amount to a fraction [...]
PAC publishes report on Smart Meters
The Public Accounts Committee has published their MPs report on the preparations for the rollout of Smart Meters for all homes and businesses. The Public Accounts Committee (PAC) is responsible for overseeing government expenditures to ensure that they work in the public interest. The Smart Meter rollout is expected to cost £11.7 billion, and the [...]
Which? calls for halt to smart meter rollout
The consumer group Which? has today called for “an immediate halt to the smart meter roll-out” as it believes a full review of the plans are needed before the second phase starts in 2014. As we reported back in March last year, the DECC has already set out its plans for a nationwide smart meter [...]
The main problem with wind turbines
32,000 new turbines are planned, but how many understand the major flaw with the UK’s most popular renewable energy source? It seems at first glance to be the perfect solution to an ever-growing problem. Like the sun, the wind never ‘runs out’, and each turbine we build in the UK provides a little bit more [...]
COP17: Durban Platform means Kyoto II in 2015
After weeks of stalling climate talks, 194 countries finally managed to agree to sign up to Kyoto II in 2015, after agreeing a new text known as the ‘Durban Platform’. A week ago it looked likely that talks would fall apart as they did in Copenhagen , seemingly with China, India and the US all [...]
China, India & the US still at loggerheads after a week at 2011 Durban Climate Conference
Representatives from 194 countries around the world have been at COP17 in climate talks for the past week trying to get Kyoto II signed, but the US, China & India are barely even talking. With global carbon emissions higher than ever before, the UNFCCC is pushing hard for a successor to the Kyoto Protocol, but [...]
Ofgem wants ‘better protection for businesses’
In a press release on Monday, Ofgem proposed new measures designed to shake up the business energy market, and encourage energy suppliers and brokers to provide a better service.
Rising gas prices push up energy bills
Wholesale natural gas prices are 40 per cent higher than they were this time last year. Despite criticism that green taxes and subsidies are pushing up energy prices, Ofgem remain certain that it is rising wholesale electricity prices that are to blame. An Ofgem report stated that wholesale gas is now 40% costlier than it [...]
Carbon emissions up as Chinese economy booms
Global carbon emissions are up 6 per cent to 33.5 billion tonnes – the largest increase in a single year, despite low growth in developed nations. According to new figures released by the US Department of Energy, China is now the largest polluter in the world, taking the crown that the USA has worn for [...]
