The UK’s “big six” energy retailers have started to lower their gas prices, undercutting the opposition Labour party’s promise to freeze household energy bills if the party comes to power in the May 2015 general election. But the party’s plans go further than just its headline tariff freeze.
Archive for the ‘electric power’ Category
By Alex Froley | January 21, 2015 06:21 PM Comments (0)
By Tamsin Carlisle | January 21, 2015 06:03 PM Comments (1)
Egypt has set development and reform of its energy sector as a key priority as it seeks to rebuild its economy following the country’s second revolution in the past few years, the country’s president, Abdel-Fattah el-Sisi, said January 19 during his first official visit to the UAE in that role.
During his keynote address to the World Future Energy Summit in Abu Dhabi, Sisi also said he considered the security of the Persian Gulf region to be “part and parcel of Egyptian security.” The annual Abu Dhabi WFES gathering, while primarily a UAE forum for promoting and discussing regional and international renewable energy development, has also developed a significant political agenda.
By Peter Maloney | December 19, 2014 02:11 PM Comments (0)
Electricity capacity markets are between a hot and a cold place.
They are bracing for a repeat of last winter’s cold weather while preparing for more stringent emissions restrictions that are, in part, designed to address global warming.
Those strains are nowhere more evident than at the PJM Interconnection, which runs the largest wholesale electric power market in the US.
By Ross McCracken | November 28, 2014 07:00 AM Comments (0)
Lots more distributed generation of electricity — solar, wind, etc. — and lots more variable power sources moving across utility grids means new issues for utilities. Ross McCracken discusses the problem for Europe in this month’s highlighted story from Platts Energy Economist.
By William Powell | November 26, 2014 12:01 AM Comments (3)
If you are a state-run gas company in a Baltic state–once part of the Soviet Union, and tied to the former empire by gas pipelines–you might grab with both hands the chance to buy gas from someone who is not associated with the Kremlin.
Lithuania has asserted its independence from Russian gas by chartering a floating liquefied natural gas import terminal, the Independence, from Hoegh. The first LNG cargo came under a five-year contract in November. The seller was Norway’s Statoil, which operates Europe’s only liquefaction plant, Snohvit.
By Ross McCracken | October 31, 2014 02:25 PM Comments (10)
By Alex Froley | October 24, 2014 12:01 AM Comments (0)
A fire broke out Sunday at the UK’s 1,400 MW Didcot B gas-fired power station, in the latest of a series of unexpected problems that have considerably tightened the margin of spare supply available to the country’s electricity market this winter.
Damage to the cooling towers has resulted in the shutdown of 50% of the station’s output, removing some 700 MW from the grid.
By Jeff Ryser | October 15, 2014 11:17 AM Comments (0)
The midstream segment of the US natural gas business — pipelines, processing and storage — is where investment is targeted based on the assumption that a lot of new shale gas will be produced and consumed over the next couple of decades.
What some are wondering and worrying about, though, is whether the future price of natural gas will hold up and not wreck the credit of those making the infrastructure investments.
By William Powell | September 26, 2014 12:01 AM Comments (0)
Among the many brilliant and baffling woodcuts by the Dutch artist MC Escher is a depiction of what appears to be a triangle made of three sections of wood, which is in fact an impossible construct owing to the way the joints appear to fit together.
If it existed at all, it would resemble the leg of an insect, which viewed from one position only would appear to enclose a triangle, but in reality it would form a three-part zigzag in space, two of its ends far apart.
By Jeff Ryser | September 17, 2014 12:01 AM Comments (1)
Last week something serendipitous happened. I went to what was ostensibly a briefing and news broke out.
The news was that the big French bank BNP Paribas, after some high-level recruitment from a decamping JP Morgan Chase, intends to try and rebuild North American physical electricity trading to go along with its existing natural gas trading operations done primarily through its offices in New York.
BNP’s decision bucks the trend set by a number of other big banks—most notably JP Morgan Chase, Deutsche Bank and Barclays Plc– who have pulled out of several areas of physical energy commodity trading due to a combination of changing market conditions and flagging revenues, but perhaps most importantly, due to mounting regulations.