Following the volatility of the previous month, November saw a return to a more stable marketplace. Despite the ongoing conflict in Gaza, this became less of a contributory factor on prices as initial concerns that the war may spread across the Middle East dissipated. The supply fundamentals remained very...
The Government has announced 11 new production projects which will help to place the UK at the forefront of the hydrogen industry and work towards Net Zero ambitions. Over 700 jobs will be created across the UK in a world-leading hydrogen industry from the South West of England to...
National Grid has accelerated engineering works to address a bottleneck in connecting low carbon projects to the electricity network in South West England and Wales. The 82km upgrade of one its high voltage overhead electricity lines, between Bramley in Hampshire and Melksham in Wiltshire, has been brought forward to...
National Grid has announced it is speeding up the connection of up to 20GW of clean energy projects to its electricity transmission and distribution networks in England and Wales. 19 battery energy storage projects will be offered dates to plug in averaging four years earlier than their current agreement. ...
It’s good to see that electricity production generated from fossil fuels reached its lowest point since the pandemic according to a report by Imperial College London. Wind capacity in June reached 27.9GW in June, overtaking the 27.7GW installed capacity of gas. It is the first time in more than...
October saw a significant level of price volatility, primarily stemming from the emerging conflict in the Middle East. Market sentiment was bearish at the beginning of the month with temperatures above seasonal norms and strong supply and storage fundamentals. However, the kidnapping of over 200 hundred Israeli hostages by...
Dogger Bank, the world’s largest offshore wind farm under construction, has started producing electricity. The wind farm is being constructed 70 nautical miles off the cost of Yorkshire in three phases known as Dogger Bank A, B and C. When complete, Dogger Bank’s 3.6GW capacity will comprise 277 giant...
The Prime Minister recently announced a ‘watering down’ of the UK’s net zero policies. These included: The ban on the sale of new cars with combustion engines was due to come into force in 2030, this has now been pushed back to 2035. Plans to phase out the installation...
Norwegian gas maintenance interrupted supplies in August and this persisted into early September which led to some concerns around capacity for the upcoming Winter. The period saw reduced gas flows across as the Troll gas plant experienced several outages, however the plant was back to full capacity by the...
The period began with outages at the Norwegian Troll gas field which had limited impact to flows into the UK and North West Europe. Mid-month saw maintenance at the Ormen Lange Norwegian gas field extended by a few days and unplanned outages at Barrow North, UK, boosting gas prices....
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