CategoryThoughts

Tuesday 10th April – Energy Solutions Daily Update

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British Gas has plans for the 29th May to increase their electricity and gas prices for over four million customers on the standard tarrif by an average of 5.5%
This year, Austria’s gas consumption from Russia has increased by 77.2 per cent compared to the same period of last year, making for a total of 3.7 billion cubic meters of gas so far.

New Data Portal Launched

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As well as the pricing data shown on this site, we have also released our live Gridwatch service at Intelligence.energybrokers.co.uk. As well as showing the live generation charts that you expect from similar sites, it also gives a far more detailed breakdown of power generation over the last 4 hours, 24 hours and 7 days, as well as comparing wholesale mid market power prices to demand and...

Reinventing Energy: Advancing Renewables & Smarter Energy With Machine Intelligence

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By 2020, renewable energy sources such as wind and solar will be cheap and easy to manage. Technological advances, environmental concerns and political backing will drive their adoption around the world. Renewable energy is entering a virtuous circle, with rising investment (over £15.2bn in the UK last year alone) and greater deployment bringing down costs. There is no better evidence of that...

Wholesale Prices rocket again

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Oil is up by 1.57% this morning, along with Gas Front Month offers up 3.019% this morning also.
Electricity Front Month offers closed yesterday at 54.57 £/MWh – its highest level since 06/12/2013.
We have already received notification of 2 supplier pricebooks being withdrawn today so please be aware that other suppliers may follow although we have received no definitive confirmation.
 

Brexit and Carbon Energy

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Brexit and Carbon Energy The UK’s decision to leave the European Union has caused a ripple of uncertainty across the globe. One area that could see a big shakeup is the UK’s position on carbon energy. Legal news site Lexology states that the UK was considered one of the more ambitious proponents of energy regulation, but that its role in energy policy has diminished worldwide after the vote. This...

Companies get paid to use electricity this summer

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A dozen British firms will be paid to use power under a scheme National Grid will start next month intended at balancing the system in summer, when production is high from green energy sources such as wind and solar. National Grid declared 12 companies have obtained contracts for the Demand Turn Up scheme which will operate from May until September. Under the scheme, companies will run several...

Budget 2016 – £730 for Offshore Wind

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£730m support for offshore wind and other less established renewable technologies this parliament. Government will auction Contracts for Difference of up to £730 million this Parliament for up to 4 GW of offshore wind and other less established renewables, with a first auction of £290 million. Support for offshore wind will be capped initially at £105/MWh (in 2011-12 prices), falling to £85/MWh...

Budget 2016 – Carbon Price Freeze

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One year extension of the Carbon Price Support freeze with further details on the Carbon Price Floor to be announced at the Autumn Statement in 2016. As previously announced, the government will continue to cap Carbon Price Support (CPS) rates at £18/tCO2 to 2019-20. For 2020-21, the cap will be maintained in real terms and set at £18/tCO2 plus RPI. – An additional 9GW of electricity...

Budget 2016 – CRC Changes

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Reform of the business energy efficiency tax landscape and plans to consult in 2016 on a simplified energy and carbon reporting framework for introduction by April 2019. Abolish the Carbon Reduction Commitment (CRC) energy efficiency scheme with effect from the end of the 2018-19 compliance year. Businesses will be required to surrender allowances for the final time in October 2019. Increase the...

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