5,000 Solar firms go bust in Germany in 2011

adminBusiness Electricity, International

Germany’s once booming solar power industry is declining at an alarming rate, with 20,000 jobs being lost in 2011 alone. Germany once had the biggest solar industry in the world, providing around 150,000 jobs by 2010, but that bubble seems to be starting to burst, as demand for solar technology drops, government subsidies are cut and competition from cheaper Asian … 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 to release report on nuclear power

adminBusiness Electricity, International, Wholesale Utilities Markets

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 been rushed through. Anti-nuclear protesters … Read More

Germany pushing for European super-grid

adminBusiness Electricity, International, Wholesale Utilities Markets

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 a net importer of electricity … Read More

Full extent of shale gas reserves revealed

adminBusiness Gas, Utilities Market Regulation, Wholesale Utilities Markets

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 enabling companies to extract gas … Read More