Energy UK has called for new energy legislation to provide the necessary framework and support for the government’s commitments to build a low carbon power system by 2035. The organisation says a new Energy Bill could focus on the expansion of technologies such as carbon capture and storage, moving...
There are suggestions that the energy industry will invest £20bn on UK projects to extract oil and gas over the next four years as part of a drive to gain a secure supply of affordable energy. This interesting article in The Guardian questions what portion will go into renewable...
Gas Following on from a turbulent March and barring a short-lived bounce at the start of the month, the gas markets are beginning to find some stability and started to ease across April, as we enter the spring season. Despite this initial stability in the European gas markets, there...
The Carbon Trust has launched a new Route to Net Zero Standard, a key driver in its mission to accelerate the move to a decarbonised future. The organisation says that with over 1,000 companies worldwide setting science-based emission reduction targets*, the challenge now is creating and delivering the action...
Gas The UK gas market opened in March on an aggressively upward curve, on the back of Russia’s invasion of Ukraine and the potential geopolitical sanctions and supply-chain issues which followed. These fears peaked on 7th March resulting in all-time market record highs. However, with these prices unsustainable, supply...
The UK’s new energy strategy means that up to eight more nuclear reactors could be approved on existing sites. There are also plans to increase hydrogen, solar and wind production in an effort to improve UK energy independence and tackle rising prices. According to the BBC, the Government’s plans...
February Market Commentary Gas The UK gas market opened in February in a bearish trend, softened by positive fundamentals such as strong wind strengths, above-average temperatures, and a steady flow of LNG cargoes arriving throughout the month. Mid-month, the markets were severely disrupted with the news of Russia’s invasion...
In a punishing move, the UK has joined the United States in banning Russian oil after the country invaded Ukraine. As reported in The Guardian, Prime Minister Boris Johnson stated that stopping imports by the end of 2022 would be “another economic blow to the Putin regime.” These latest...
The German division of Russia’s Gazprom subsidiary Nord Stream 2 announced on March 3rd that it will wind up operations, according to Reuters. Gas for Europe Gmbh was set up in order to comply with European energy rules that required that pipeline owners be a separate entity to the...
Innovation Energy Consultancy, a small energy consultancy business, is looking for an enthusiastic and hard-working individual to join our friendly team as an Administrator / Energy Analyst. Based near Chester in Cheshire, we provide a range of business energy consultancy and support services for UK businesses. As independent consultants,...
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