Archive for the ‘Nuclear’ Category

Customer complaints about the Big 6 are at an all time high.

July 14, 2014 Coal, Gas, Nuclear

Guardian: “The number of customers complaining to the independent ombudsman about their energy bills has soared with more people making official complaints in the first six months of this year than the whole of last year put together.”

“EDF nuclear deal is a bad economic bet.”

July 11, 2014 Nuclear

Tom Burke in the Guardian: “It has always been difficult to see what was attractive about theproposed deal with EDF to build a nuclear reactor at Hinkley Point in Somerset. To bring this off the government is offering to sell 35 years of index-linked tax receipts to the French government to buy electricity at twice its current price.”

Deep decarbonization pathways available to hit 2˚C climate target: report.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Guardian: “The United Nations was presented with a roadmap to avoid a climate catastrophe on Tuesday, prescribing specific actions for the world’s biggest economies to keep warming below 2C.”

Companies, restaurants etc all selling solar power to grid in Japan.

July 7, 2014 Change for Good, Clean Energy, Nuclear

Bloomberg: “Watami Co., a restaurant chain in Japan known best as a hangout for salarymen, is getting into the business of selling power — and it isn’t alone.”

National Grid chief calls for more interconnectors to UK.

July 6, 2014 Coal, Gas, Nuclear

FT: “Energy prices for British consumers would fall by £1bn a year if electricity interconnectors between continental Europe and the UK were doubled by 2020, according to the operator of the UK’s gas and electricity networks.”

Renewables to win two-thirds of energy investment by 2030: Bloomberg.

July 1, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Bloomberg: “Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.”

UK electricity capacity market to add average £2 to UK bills.

June 29, 2014 Clean Energy, Coal, Gas, Nuclear

FT: “A British government scheme to reward energy companies for keeping power plants available for back-up electricity generation will put £2 on the average annual household fuel bill, according to the minister in charge of the measure.”

Ofgem’s biggest energy investigation could mean breakup for Big 6.

June 20, 2014 Coal, Gas, Nuclear

Guardian: “The biggest ever investigation into the UK energy market will be unveiled next week by the industry watchdog, Ofgem, amid public anger over high bills and bad service from gas and electricity providers.”

Obama takes personal charge against the backlash. 70% support him.

June 3, 2014 Climate, Coal, Gas, Nuclear, Oil

Guardian: “Barack Obama took personal charge of the campaign for historic new climate change regulations on Monday, defending a 30% cut in carbon pollution from power plants from a backlash by business lobbies, conservative groups and Democrats in oil and coal states.”

“How solar will destroy the power companies, in 5 easy steps.”

June 3, 2014 Clean Energy, Coal, Gas, Nuclear

BusinessInsider: “Barclays recently downgraded the entire U.S. electric utilities sector to “underweight” on the threat posed by widespread adoption of solar-storage. These systems allow homeowners to use rooftop solar panels and a battery to cut all but the figurative emergency backup cord to their local electricgrid, putting a severe strain on an industry that has been a defacto monopoly.”

World energy supply requires $40 trillion investment by 2035: IEA.

June 2, 2014 Clean Energy, Coal, Finance, Gas, Nuclear, Oil “Meeting the world’s energy supply needs by 2035 will require $40 trillion of investment, as demand grows and production and processing facilities have to be replaced, the International Energy Agency said.” ie $2 trillion each year on average.

Top bosses quit Centrica, “tiring of their status as punchbags”.

May 29, 2014 Clean Energy, Climate, Coal, Gas, Nuclear

FT: “The steady stream of departing executives at Centrica is rapidly turning into a flood, as top bosses tire of their status as Britain’s biggest political punchbags.”

Barclays “throws gasoline” on “battle between utilities and solar industry.”

May 28, 2014 Clean Energy, Coal, Finance, Gas, Nuclear

Elias Hickley on EnergyTrendsInsider: “This week Barclays downgraded the high-grade bond market for the entire electric utility sector because “we believe that a confluence of declining cost trends in distributed solar photovoltaic (PV) power generation and residential-scale power storage is likely to disrupt the status quo.”  While this is not the first statement about vulnerability of electric utilities to competition from new technology it is the most important to date.”

China’s nuclear power plans vulnerable to domestic public protest.

May 26, 2014 Nuclear

FT: “China’s nuclear industry has in recent years ventured overseas for new opportunities but it is now facing challenges at home gaining public acceptance of its $150bn expansion plans.”

UK National Grid targets corporate energy cuts to head off blackouts.

May 15, 2014 Clean Energy, Climate, Coal, Gas, Nuclear

Guardian: “National grid is preparing to start talks over which future energy supplies could be cut off to some businesses between 4pm and 8pm in an attempt to head off a power crunch and blackouts this coming winter.”

Renewables hit a record of just under 70% power in Germany.

May 12, 2014 Change for Good, Clean Energy, Coal, Gas, Nuclear

Renewables International: ”….an overview of Sunday, when renewables made up nearly 3/4 of domestic German power demand. Power prices in Germany were negative for much of the afternoon yesterday, as our latest Distributed Renewables chart shows.”

France caught between a “nuclear cliff” and an “investment wall”.

April 30, 2014 Nuclear

Reuters: “France must decide in the next few years whether it wants to continue its nuclear-driven energy policy at a cost of up to 300 billion euros ($415 billion) or if it wants to embark on an equally costly route towards using other fuels. Most of the country’s 58 nuclear reactors were built during a short period in the 1980s, and about half will reach their designed age limits of 40 in the 2020s, pushing France towards what industry calls “the nuclear cliff.”

UK nuclear dump ‘virtually certain’ to be eroded by rising sea levels.

April 20, 2014 Climate, Nuclear

Guardian: “Britain’s nuclear dump is virtually certain to be eroded by rising sea levels and to contaminate the Cumbrian coast with large amounts of radioactive waste, according to an internal document released by theEnvironment Agency (EA).”

RWE CEO says company should have invested in renewable sooner.

April 15, 2014 Clean Energy, Climate, Coal, Gas, Nuclear  ”The story of German power giant RWE AG exemplifies the crisis facing the nation’s utility industry — and those of many countries across Europe — as nuclear power plants get shuttered in the wake of the Fukushima disaster, renewables steal away revenue, and consumers and companies complain about rising power costs that are three times higher than in the U.S.”

“UN urges huge increase in green energy to avert climate disaster.”

April 13, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Guardian: “Mitigation of Climate Change, by the UN’s Intergovernmental Panel on Climate Change (IPCC), a panel of 200 scientists, will make it clear that by far the most realistic option for the future is to triple or even quadruple the use of renewable power plants.” (more…)