An IFA2 interconnector between Hampshire and Normandy began to flow at full capacity at 11 am on 22nd January. The UK, in collaboration with French power firm RTE, established a two-way interconnector across the channel as part of a £700million shared investment. The UK’s fourth power exchange with continental...
Oil giant, BP, has suffered an astronomical loss of £4.2billion this year after oil prices and demand fell throughout COVID-19. The oil company took an exceptional loss as Brent Crude oil prices dropped sharply from £44/b at the beginning of 2020 to less than £13/b in April. BP’s huge...
Gas Demand levels are forecast to increase strongly over the coming weeks as a result of colder weather and low renewable power generation. Gas prices have continued to rise throughout January, with the one-year forward price for commercial gas closing at 47.98 ppt on 29th January (an increase of...
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