Estimated shale gas reserves doubled by BGS

adminBusiness Gas, Wholesale Utilities Markets

A new report by the British Geological Survey says there could be 1,300 trillion cubic feet of gas stored away under the North of England. Previous estimates of around 600 trillion cubic feet were revised, although only 10% of the total gas can definitely be extracted. Energy Minister Michael Fallon said shale gas was “an exciting new energy resource”. A … Read More

Michael Fallon appointed Energy Minister

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

Conservative MP Fallon has been appointed the role as part of a ‘mini reshuffle’ of the cabinet. The old Energy Minister, John Hayes, will now act as a political and parliamentary adviser to the Prime Minister. A mere 6 months after his appointment, John Hayes leaves his post as Minister for Energy, having kicked up a bit of a storm … Read More