High power prices are expected to continue into winter following a record-breaking third quarter in the UK. Wholesale power prices started the quarter high at £31.37/MWh, but continued to grow passing the £50.00/MWh milestone on 13 September before finishing the quarter at £72.01/MWh, according to analysis from EnAppSys. Day-ahead wholesale prices averaged at £126.14/MWh, up
Hotter summers and less predictable rainfall as a result of climate change will create an increased risk of droughts and serious water shortages in the UK, the Environment Agency has said. In a stark warning ahead of the Cop26 summit in Glasgow, the government agency said there had to be far greater focus on the
The government is to offer grants of £5,000 for the installation of heat pumps from April 2022 as part of a new £450 million scheme to upgrade domestic heating infrastructure. The Boiler Upgrade Scheme is one of the headline commitments outlined in the Heat and Buildings Strategy, published today (19 October 2021) which also detailed
ASSET MARKETS AND THE LOOMING ‘SNAP-POINT’ Throughout the period since the global financial crisis (GFC) of 2008-09, capital markets have marched upwards, even as the economy itself has, at best, stagnated. After a sharp correction at the start of the coronavirus crisis, the prices of stocks and property, in particular, have kept hitting new highs,
The Bunyan family invested in a renewable energy system to run their house and car The Bunyan family could be one of the greenest families in the land after installing high-tech kit to help them store energy from sunshine. The recent increase in gas prices has not affected them and they have not been queuing
Installing solar panels could add around £1,800 to house prices, according to a new survey from Solar Energy UK. This is nearly half of the up-front cost of installation, making solar an increasingly appealing financial option. In addition to this boon to the sale price, solar could generate an annual running cost saving of nearly
I was ten years old when The Limits to Growth first saw print. I have a dim memory of seeing a newspaper article or two about it, but I had other things on my mind in 1972—my parents got divorced that year, and an already difficult childhood promptly got much worse—and several years passed
The world’s longest subsea electricity interconnector, the North Sea Link, has started operation. Connecting Blyth in Northumberland and the Norwegian village of Kvilldal, near Stavanger, the £1.37 billion (€1.6 billion) interconnector has been developed as a joint venture by National Grid and Norwegian operator Statnett. The 450-mile cable started operating on Friday 1 October, with
All of us are in a new world, and we’d better get used to it. Admittedly, I hadn’t been there for 46 years, but old friends of mine still live (or at least lived) in the town of Greenville, Calif., and now… well, it’s more or less gone, though they survived. The Dixie Fire, one
The British Army’s first Project Prometheus solar farm has been officially opened by the minister for defence procurement, Jeremy Quin. The 2.3MW site based at The Defence School of Transport (DST), Leconfield, was installed earlier this year and is the first of four pilot sites to open. It has been developed by Centrica, and is