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NewsCuadrilla Resources, the company responsible for drilling for shale gas underneath Blackpool, has released the findings of an independent report it commissioned earlier this year. On April 1, a tremor reaching 2.3 on the richter scale was recorded, followed by another of around 1.4 on May 27th after drilling at the Preese Hall-1 well in [...]
Posts Tagged ‘Energy Prices’
‘Keep switching’, says Huhne at Energy summit
The UK has “relatively good electricity and gas prices”, the Energy Secretary said at the Energy Summit held on 17 October 2011. Mr Huhne said on Radio 4′s Today programme, that energy companies were “not the Salvation Army”. He added “We expect them to earn respectable returns for their shareholders but they need to be [...]
Nuclear is cheapest ‘low carbon’ energy source
Energy secretary gives the green light to nuclear development, despite fears over the management of nuclear waste. In a speech to the Royal Society today, energy secretary Chris Huhne confirmed that the UK is to continue with its plan to build new nuclear power plants that was set in motion by the current Labour Party [...]
Weightman to release report on nuclear power
Energy Secretary Chris Huhne is expected to use the report on the Fukushima disaster by Mike Weightman to push the UK’s new nuclear power program. The report on what can be learned from the Fukushima disaster is expected to kick-start the UK’s nuclear programme, despite criticism from Greenpeace and other environmental groups that it has [...]
Germany pushing for European super-grid
Law stating that Germany must outlaw nuclear power generation by 2022 is encouraging more talk of an EU-wide electricity system. After the Fukushima disaster in Japan, Germany decided to shut down its 17 nuclear power stations by 2022, closing the 7 oldest ones immediately. This has turned Germany from a net exporter of electricity, to [...]
North sea oil and gas outputs decrease
The Department of Energy and Climate Change has released new figures showing that imported coal is replacing gas and oil from the North sea in the UK fuel mix. The newly released data shows that North sea oil and gas production fell by 16% and 25% respectively in the second quarter of 2011, while coal [...]
Full extent of shale gas reserves revealed
Cuadrilla Resources estimates that up to 200 trillion cubic feet of gas lies underground near Blackpool. The company that halted the controversial ‘fracking’ process after a minor tremor near Blackpool earlier this year says that the resources found beneath the Northwest of England are extremely vast. Hydraulic Fracturing, or ‘fracking’, is a process which is [...]
EDF Energy announce price rises
EDF Energy have today announced they are to increase their energy prices from 10 November EDF Energy are the last of the big six UK energy suppliers to announce their domestic price rises for this year. The company will raise its retail gas prices by 15.4% and electricity prices by 4.5% from the 10 November. [...]
Utility bills a main factor of inflation increase
Inflation hits a three year high of 4.5% for August- utility bills a main factor of the increase of cost of living. The biggest annual rise in water and energy bills in more than two years has been a main factor in the high inflation rate. Energy prices, along with increases in the cost of [...]
Leaked letter says bills could increase 30%
A letter from the Prime Minister’s Senior Policy Adviser suggests current energy policy could add 30% onto household energy bills. In a letter leaked to the Telegraph, from Prime Minister’s advisers Ben Moxham and Gila Sacks, there are claims 30% increases in household bills could be seen by 2020. Senior Policy Adviser Ben Moxham said [...]
