China, India & the US still at loggerheads after a week at 2011 Durban Climate Conference

adminEnergy Efficiency, International, Utilities Market Regulation

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 the two fastest growing economies … Read More

Rising gas prices push up energy bills

adminBusiness Electricity, Business Gas, International, Utilities Market Regulation, Wholesale Utilities Markets

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 was at this time last … Read More

Chris Huhne attacks critics

adminBusiness Electricity, Business Gas, Wholesale Utilities Markets

The Energy & Climate Change Secretary has called renewable energy critics ‘curmudgeons and faultfinders’ and says they are ‘selling Britain’s ingenuity short’. Chris Huhne seems to never be out of the spotlight. A couple of weeks ago he was slamming those who doubt the cost-effectiveness of renewable energy sources, such as wind power, and last week he wrote a controversial … Read More

Fracking caused 50 earthquakes – report

adminBusiness Gas, Utilities Market Regulation, Wholesale Utilities Markets

Cuadrilla 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 Lancashire. The company has even … Read More

‘Keep switching’, says Huhne at Energy summit

adminBusiness Electricity, Business Gas, International, Wholesale Utilities Markets

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 operating in a fair and … Read More

Weightman report: nuclear power is safe

adminBusiness Electricity, Business Gas, Utilities Market Regulation, Wholesale Utilities Markets

The final report by Mike Weightman commissioned after the Fukushima disaster in Japan confirms “no fundamental weaknesses” in the UK’s nuclear licensing program. The report makes 38 recommendations of lessons learned from Fukushima, but stresses that is that nuclear power is safer than it has ever been. The Department for Energy and Climate Change (DECC) has said “operators should continue … Read More