Author: Claire Parker
Articles by: Claire Parker
New research by Future Net Zero shows that financial risk and energy security are the two main priorities for business at present. The Big Zero Report 2023 involved 500 executives mostly in food & drink sector, healthcare, hospitality & manufacturing. Respondents highlighted that the need to reduce energy costs...
Gas May saw high injections into gas storage levels on the continent thanks to a stable supply line, with EU storage facilities just below the 70% level by the end of the month. If LNG deliveries are to continue at a high level in the coming weeks, this would...
Hydropower met 15% of the world’s electricity demand last year which was the first time since 2016 that more than 30GW of new capacity was built in a single year. The news, from the latest report by the International Hydropower Association (IHA), said that China was the biggest producer,...
National Grid’s industry forecast report, the Future Energy Scenarios, estimates that onshore wind capacity needs to increase to more than 30 gigawatts across Great Britain by 2030. At the current pace, it would take 4,690 years for England to meet its share of this target, according to the left-leaning...
Early April saw gas prices continue on a bullish trend with cold weather anticipated in the UK and Europe and temperatures below seasonal norms. Langeled flows were nominating at capacity at the beginning of the month and an increase in planned Norwegian maintenance saw supply margins tighten further. Temperatures...
The world’s top fossil fuel companies owe at least $209bn in annual climate reparations, according to a report published in the journal One Earth and reported by The Guardian. Twenty-one companies, including BP, Shell, ExxonMobil, Total are among the largest companies included in the research. It is the first...
There are calls to increase support for long duration energy storage technologies after it was revealed that energy bills were burdened with an additional £500m in 2021 as the National Grid incurred fees to compensate wind farms for shutting down. A report by Energy Live News said this amount...
Both gas and electricity markets remained on a bearish trend in March although the trajectory was not as steep as was experienced in February. At the start of the month, markets were weak due to the healthy supply picture in the UK, with high Norwegian flow levels to the...
The Treasury spent almost half a million pounds on an unused emergency scheme for energy traders that was quietly closed earlier this year, according to a report in The Guardian. The energy markets financing scheme (EMFS) was devised by the Treasury and the Bank of England as a £40bn...
All manufacturers want to improve energy efficiency to reduce costs, and carbon emissions to protect the environment. Whilst the issue can be complex and varies from business to business, there are some very simple steps which are pertinent to all manufacturing businesses – and it’s helpful to review them...
