UK wholesale power prices dipped into negative pricing for more than six hours yesterday following an “unprecedented turn of events” in the country’s supply and demand profile. Yesterday (Sunday 24 March 2019) witnessed the UK’s system price dip to -£50/MWh from settlement period 21 (10:00 – 10:30am) and remain negative until 4:30pm as the country
Ad campaigns hide investment in a huge expansion of oil and gas extraction, says InfluenceMap The largest five stock market listed oil and gas companies spend nearly $200m (£153m) a year lobbying to delay, control or block policies to tackle climate change, according to a new report. Chevron, BP and ExxonMobil were the main companies
The UK has had something of a rocky relationship with new nuclear in the past few years, but developments in January 2019 pushed it firmly into ‘it’s complicated’ territory, and sent the country scrambling for alternatives.Horizon Nuclear Power, the Hitachi division response for the development of a new nuclear power station at Wylfa in Wales,
LONDON, Feb. 17, 2019 /PRNewswire/ — Centrica is to expand its smart home activity in a move that will unlock the power of millions of customers’ homes, driving down electricity bills through the development of new propositions that will also support the flexibility of the grid.The company is working to integrate solar, battery and heat
Thousands of students are set to go on strike at 11am on Friday [15th February] as part of a global youth action over climate change.Strikes are taking place in 60 towns and cities across the country from Cornwall to the Scottish Highlands.Students in the UK are demanding the Government declare a climate emergency and take
Renewables will be the world’s principal source of power by 2040 and are penetrating world grids faster than any other energy source in history, O&G major BP has said.BP today published its outdated Energy Outlook for 2019, revising upwards its forecasts for the penetration of renewables out to 2040.Its Outlook, which establishes four potential scenarios
A domestic energy storage and smart-energy agenda could help the UK offset volatile energy prices if interconnections suffer under a no-deal scenario, experts have said.“Any potential uncertainty around interconnectors will increase the UK’s need to move, regardless of Brexit, to a smart energy system and energy storage,” Tanisha Beebee, senior policy advisor at the Confederation
The UK is at growing risk of missing legally binding climate targets after the pace of decarbonisation slowed last year, new analysis has concluded.The warnings, which compound others from a raft of industry groups and energy watchdogs, come despite “every conceivable” renewable energy record, with the exception of those relating to hydro generation, falling last
The rollout of the Green New Deal will hit some roadblocks. But its overarching theme is that the nation should go totally green by 2030 to avert the irreversible effects of climate change. It’s the latest volley in the war of energy ideas — one that must ultimately address jobs, the economy and cost.President Obama’s
Former chancellor George Osborne’s decision to scrap the Zero Carbon homes policy is costing occupants of new-build homes more than £200 per year, essentially three times the targeted savings from Ofgem’s price cap.New analysis from the Energy and Climate Intelligence Unit has found that the policy move, one of the newly-elected Conservative government’s first in