World is heading for another financial crisis: FT columnist John Kay.

June 2, 2013 Finance 

FT: John Kay warns in a forthcoming speech that the world is heading for another financial crisis because the economic system is geared around trading profits that create market bubbles that inevitably burst. Read more

Big 6 urge government to back gas.

May 27, 2013 Gas 

FT: “The Big Six energy suppliers are pressing the government to support gas-fired power, warning that without it the UK  could face a shortfall in generating capacity.” Read more

Big energy companies held back UK gas supplies to increase price.

May 24, 2013 Gas 

Guardian: “Some of Britain’s biggest energy suppliers were holding back  gas in storage tanks at a time when the market ran into an acute shortage two months ago, triggering a doubling of wholesale prices.” Read more

UK Institute of Directors signs up for shale-gas nirvana: a new North Sea.

May 22, 2013 Gas 

Guardian: “Investments in shale gas drilling could yield an industry worth nearly £4bn a year to the UK economy and create more than 70,000 jobs, according to a new report from the Institute of Directors (IoD), becoming a “new North Sea” energy business in the process.” Read more

Solar = random desecration of the countryside: comedian.

Guardian: “The comedian Griff Rhys Jones has accused the government of “random desecration” of the countryside and despoiling “pristine landscapes” through its subsidies to wind turbines and solar power.” Read more

UK shale gas drillers confirm they will flare methane.

May 9, 2013 Climate, Gas 

Guardian: “The two companies exploring for shale gas in the UK have confirmed that they intend to flare methane gas from their wells in a move that has been condemned by environmentalists.” Read more

EDF CEO ready to quit if he can’t get his way with Hinkley Point reactor..

May 6, 2013 Nuclear 

Times: “The chief executive of EDF Energy will leave Britain if the French company’s £14 billion Hinkley Point reactor project collapses.” Read more

“A crisis in UK energy policy looks inevitable”: Liberium Capital report.

April 30, 2013 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil 

Liberium Capital report: “When the crisis hits there will be three possible casualties, the government of the day, the consumer, and the investors who have funded the government’s radical energy policy.” Read more

UK uncertain how to deal with its 100 tonnes of Plutonium.

April 29, 2013 Nuclear 

FT: “The UK is home to the world’s largest stockpile of plutonium, with more than 100 tonnes of the highly radioactive material. The Nuclear Decommissioning Authority, whose job it is to look after the plutonium, is preparing to give its recommendation on how the government should deal with the problem, with an announcement expected as early as next month.” Read more

Top official working on EMR resigns as analyst warns HMG off gas reliance.

April 29, 2013 Clean Energy, Coal, Gas, Nuclear 

Guardian: “The government’s controversial electricity market reform (EMR) programme has been dealt a serious blow with the resignation of the top civil servant working on the scheme.” Read more

BGS told by Treasury to redo disappointing report on shale resources.

April 28, 2013 Gas 

FT: “George Osborne had wanted to herald in the budget the dramatic findings of a British Geological Survey report – that the extent of shale gas reserves in the UK has been vastly underestimated – as part of a sweeping pro-shale announcement, according to Whitehall sources.” Read more

Caudrilla censured by ASA over fracking claims.

April 24, 2013 Gas 

Guardian: “Cuadrilla, the only shale fracking company operating in the UK, has been slapped down by the advertising watchdog for claiming that it uses “proven, safe technologies”. Read more

UK government’s climate advisors say gas dash blocks renewables.

April 24, 2013 Clean Energy, Gas 

Guardian: The Committee on Climate Change “sounded caution on the prospects for widespread development of shale in the UK. It said that relying heavily on gas would scupper the UK’s chances of meeting emissions targets in the longer term, and prevent needed investments in low-carbon technologies.” Read more

UK energy prices: most inflation is not due to green energy, but gas.

April 21, 2013 Clean Energy, Coal, Gas, Nuclear 

Guardian: “The simple answer is that green energy is not costing you nearly as much as you’ve been led to believe. Yes, energy bills have soared. A new government report analysing the cost of energy and climate-change policies on the cost of energy lays the blame squarely at the feet of global gas prices, followed by network costs.” Read more

Report urges use of gas to avoid UK energy crunch.

April 21, 2013 Clean Energy, Climate, Coal, Gas, Nuclear 

FT: Closing Britain’s coal-fired power stations should continue if the government is to meet carbon cutting targets, according to a cross-party report. It argued that gas power generation could providing enough capacity to avoid an energy crunch in the next decade.” Read more

EDF may let UK nuclear talks fail.

April 18, 2013 Nuclear 

Bloomberg: “Chief Executive Officer Henri Proglio said the French utility isn’t “in a hurry” to agree with the government the so-called strike price it will receive for power produced at the planned plant at Hinkley Point in southwest England. Read more

Support for new UK nuclear slips as indecision mounts.

April 12, 2013 Nuclear 

Ipsos MORI: “The latest national face-to-face survey from Ipsos MORI shows that public support for building new nuclear power stations has fallen by eight percentage points in the last year to 42%.” Read more

Big 6 take average £95 profit per household on dual bills.

April 12, 2013 Coal, Gas, Nuclear 

Guardian: “The big six energy suppliers have been accused of “cold-blooded profiteering” after official figures showed they had more than doubled their retail profit margins over the last 18 months and were now earning an average of £95 profit per household on dual-fuel bills.” Read more

One in five UK households now in debt to their energy supplier.

April 9, 2013 Coal, Gas, Nuclear 

Guardian: “Soaring energy costs and an exceptionally cold winter have squeezed family finances to the extent that 20% of households are now in debt to their energy supplier, according to comparison website uSwitch.” Read more

London Array becomes world’s largest wind farm.

April 9, 2013 Clean Energy 

Business Green: “The London Array project, jointly owned by Dong Energy, Masdar and EON, yesterday announced that the first 630MW phase of the project in the Thames estuary is now fully operational.” Read more