The actions of the Government can have a massive influence on pricing
2nd Quarter Growth at 1.1%; What Role For Energy
 
23 July 2010
Preliminary figures from the Office for National Statistics (ONS) suggests the UK economy grew by 1.1% in the second quarter, up from the previous quarter's 0.3%. While the figures are preliminary (and based on around 40% of the ultimate data), what they do show is that construction, a relatively small part of the economy, contributed significantly to this growth figure. With 6 out of 10 civil engineering firms looking to the energy and water sectors for their income streams, it seems energy has a role to play in underpinning the recovery.  
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A week of Positives
 
09 July 2010
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week.  
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Capacity Payments Discussed as a Tool to encourage Investment
 
30 June 2010
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development.  
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Unemployment Figures Rise
 
16 June 2010
Unemployment rose to 2.47m during the first 3 months of the year and with further public sector cuts widely anticipated, things don't look particularly rosy. A very tricky balancing act lies ahead - sort out the deficit but beware the pull from the black hole called recession.  
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Queens Speech: Energy Bill Outlined
 
25 May 2010
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill.  
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No Decision Equals Indecision!
 
07 May 2010
With election votes resulting in a hung parliament, patience wore thin and the stock and currency markets take a hit....energy markets will not be immune.  
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A Week for Releasing Figures
 
20 April 2010
With the political debate heating up; more 'head to heads' scheduled and with the News Channels pouring over polls, polls of polls and more polls - then the economic figures coming out this week are surely going to add a lot more ingredients to the boiling pot.  
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Confidence Is out there - but are the Foundations Strong?
 
12 April 2010
The signs are positive. Business confidence is high; appetite for financial risk is increasing and stocks are starting to outperform safe assets such as cash and gold. But with political uncertainty still looming and still an amazing lack of clarity with regard plans to 'bail out' UK plc', there is a great risk that this confidence will ebb away.  
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Government announces Green Investment Bank
 
24 March 2010
in the last budget before a general election, the Government unveiled plans to set up a Green Investment Bank that will control £2bn worth of equity. Initial focus will be investments in green transport and sustainable energy.  
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UK Government still AAA
 
15 March 2010
You might be forgiven for thinking that the credit rating for business 'UK Economy' would be carefully scrutinised especially given the scale of its debt when compared to income. However, Moody's says that a AAA is still justified.  
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Nothing's Joined Up
 
01 March 2010
Sometimes you get so caught up in the detail that it is only when you step back that you realise that nothing appears to be joined up. With such mixed signals it is surprising that anything is achieved at all. In this instance we are talking about the UK's Climate policy!  
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It's all in the numbers
 
20 January 2010
latest figures show UK Inflation at 2.9% for the Year to December 2009 (up from the annual figure of 1.9% for November). Does this mean we are an economy spending our way out of recession? Not when you take time to look behind the figures.  
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Copenhagen Summit -Slow Progress
 
15 December 2009
With 120 leaders expected to attend the Summit's final session on Friday, UN's Climate Chief warns that current progress is too slow. The concern now is whether any agreements will or can be reached.  
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Labour's Pre Budget Report - Good News for the Bingo Players!
 
09 December 2009
Labour's Darling delivered his (probably last) pre budget report which included a range of measures to "tackle" the country's balance sheet. Among a range of tax raising measures, it was heartening to see that the Bingo players out there will see duty fall 2% to 20%!  
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UK Manufacturing slides further
 
07 December 2009
Corus announce plans to mothball most of its Teeside Cast Products steelmaking site - resulting in a loss of over 1,700 jobs and slate the UK Government at the same time for its lack of support.  
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G20 has a lot to answer
 
03 April 2009
The famous $1trillion barrier was reached by the G20 and the markets all rose on the ebullient nature of the meeting, but is it real.  
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Market ticks up
 
04 March 2009
The power market ticked up marginally today on the back of retail clients starting to hedge exposures out of April 09.  
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Centrica and BE - A Natural Fit?
 
27 August 2008
Invesco – the investment company that owns 15% of British Energy and 5% of Centrica has discussed with the Government the possibility of a merger between the two energy companies.  
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EdF a Suitor for BE
 
12 May 2008
Following on from British Energy’s request for interested parties to step forward last Friday, EdF were the only company to do so.  
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Big Six collude
 
14 January 2008
Although the headline suggest that the big six get together and set price, in reality it is unlikely that they actually do.  
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Ofgem liaise with Darling
 
07 January 2008
Darling thinks that Ofgem may hold the answers but Ofgem rightly do not interfere with markets something which Darling should be aware of.  
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25GW of off-shore wind farms
 
10 December 2007
The DTI (as was) has highlighted a potential 25GW of off-shore wind farms, if accurate there are still significant planning obstacles.  
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Germans anti trading
 
04 December 2007
Germans submit reasons why they think the EU has it wrong, and whilst it is not the UK way of doing things it might not be wrong.  
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VCS finalises VERs
 
30 July 2007
Voluntary Emissions Reductions getting more press as apotential for tool for reducing carbon footprints.  
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Politics and Energy
 
20 June 2007
Power in politics could be hotting up and next week we will start to see the effects of a new political era. How will it effect the power markets.  
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Nuclear for Sale
 
31 May 2007
British Energy is seen as central to the strategic reshaping of Britain’s nuclear industry it was inferred today following the Government's announcement it is to sell a portion of its stake in British Energy.  
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Russia's Hold on Gas
 
30 May 2007
With the UK increasingly dependent on imported gas, seeing Russia squeeze out foreign investors in order to regain state control of energy assets has to be a concern.  
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Retailing Green Energy
 
25 May 2007
With more and more 'green', premium attracting energy products coming to market, should we be looking out for the next green scam.  
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Game On for Nuclear
 
24 May 2007
Nuclear generation is at the forefront of the Government's plans to increase security of supply , reduce dependance on imported gas and tackle carbon emisions. They have reached a “preliminary view that it would be in the public interest to allow energy companies to invest in nuclear power”.  
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Trading Petrol?
 
18 May 2007
With road transport seeing the biggest rise in emissions within the EU, will the UK Government give serious consideration to one of the proposals being put forward - petrol rationing?  
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The Green cost code
 
30 October 2006
The principles behind a green tax economy to some extent work, but governments must be careful not to tax their own, to the point of making themselves uncompetitive in a gloabalised economy.  
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RO under review
 
09 October 2006
The green lobby are beginning to get to the government, is it common sense or the fact that the leader of the opposition has parked his tanks on that particular lawn.  
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New energy research centre planned
 
15 September 2006
The UK Government has published details of its planned £1bn energy research institute. With a mix of private and public funding, the Energy Technolgies Institute aims to pool expertise across the sector.  
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Bearish Sentiment changes fuel fundamentals
 
14 August 2006
The market is reatcing well to the recent oil price rises with a view that margins are helathy enough as it is and that trading can be a way of moving the market rather than just looking at raw fundamental demand and supply.  
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British Energy gives UK taxpayer a good deal
 
04 August 2006
British Energy is one of the few government bail outs will end up being a good deal for the taxpayer. There is no doubt that it is luck because the government probably under-estimated the risks they were taking.  
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Energy Review
 
11 July 2006
The energy review is a fair reflection of the future, but there are still some unanswered questions. The review has at least highlighted the questions and set a timetable for action.  
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EU ETS - Phase II Changes Recommended
 
22 June 2006
A new study by the Carbon Trust urges changes to improve Phase II of the EU Emissions Trading Scheme. The study identifies 7 key challenges that if left, will result in incentives that do not support low-carbon investment, and suggests that changes are essential to maintain competitiveness and investment in Europe.  
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Nuclear Debate
 
19 June 2006
Some would question whether there is actually a nuclear debate with the poistives for nuclear constantly being brought to the fore. However, the UK energy crisis is vastly complex and not just an issue of forecasting supply and demand. Environmental and geographical issues also need to be considered.  
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How Energy Efficient Are You?
 
15 June 2006
When the Government reports on its Energy Review later this summer, we're all expecting to read about nuclear. However, as well as considering the production of energy, we're expecting the Review to also focus on consumption.  
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The Rising Costs of Energy
 
14 June 2006
Higher energy prices have helped push up inflation which in turn is likely to push up interest rates. Those exposed to rising fuel costs are now likely to start feeling an indirect impact on their borrowing costs.  
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Nuclear Debate or Political diversion
 
17 May 2006
Nuclear back on the agenda, but it doesn't effect markets until 2011 if we are lucky. Reliant on Russian gas is apparently more risky than Australian uranium (which is by the way also a finite commodity and on the decline.)  
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Rumour and Counter Rumour
 
08 May 2006
Rumours still influence the emissions market and on Friday the consistent selling on the back of German compliance positions being short suggest that the market has now managed to extract data on one the potential large shorts (the fact that they are long saw prices fall) if the UK is in a similar position then the market will fall further.  
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Gazprom rattles its sabre
 
20 April 2006
The Gazprom debacle is going to rage on the UK government is performing more and more like a chinese protection racket, however the Russians are behaving more like the mafia with threats of cutting of supply.  
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Powerisk's Chancellor answers
 
23 March 2006
The Chancellor decides to take profiits from his British Energy stake, and this perhaps is one of the best signs that the market has higher to go, if we look at his trading performance with gold. Potentially the 800m bail out to BE will be rewarded with a £2-£6bn return. Good trading which ever way you look at it!  
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Chancellor for the day.........
 
22 March 2006
The market has ticked down a little with a sell of in April due to a relaxation in the supposed gas fears and the market has fallen on the back of this. Winter 06 still looks high and perhaps some of the shorts might come and sell at these levels, but there are not many shorts in the market, willing to take the risk.  
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Nuclear not an Energy Necessity
 
08 March 2006
Government independent advisory body concludes nuclear risks outweigh the benefits. With the Energy Review due to be published this summer, will the Government take on board the findings or has it really already made its mind up?  
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The Windy Dichotomy
 
02 March 2006
Wind farms have always struggled with planning permissions. As another potential site gets rejected by the government, the question has to be asked is the UK's green generation policy just lip service to appease the green lobby.  
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The Nightmare Scenario
 
01 March 2006
The market balloons in price, profiling is abandoned, and Mrs Jones at 33 Wavertree Mansions is seen showering at 3am in the morning. Unlikely, but it is happening in the water industry.  
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Emissions market set for change
 
01 February 2006
Creating markets is not that easy, and government plans for a mini-emissions market have all the hallmarks of political platitudes. Perhaps though the Americans and the UK are planning something which they cannot tell us, until more detail comes forth.  
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Our Energy Challenge
 
24 January 2006
Perhaps it is about time that the government tested whether the public would embrace Nuclear as a fuel source for energy. Truth is I think that the answer will be a resounding yes....... another box ticked.  
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