Imera an Irish consortium has secured a good growth opportunity for 2011.
An Irish consortium has secured the development rights from Ofgem to set up a 700MW interconnector between Wales and Ireland. It is expected that the flow will be predominantly out of Wales and into Ireland, but at times of low demand green energy will flow back into Wales. In reality this is great news for Wales, which after many years of having to import from England (they operate under the same grid system) they found themselves net exporters with two new sites being developed at Pembroke. It is expected that much of this production will go directly to Ireland.
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. read more...
14 December 2004
MP's today have stated that UK Power cuts are more likely to happen as a result of the imposed spending plans on distribution made by Ofgem read more...
2nd Quarter Growth at 1.1%; What Role For Energy
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. read more...
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. read more...
A week of Positives
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. read more...
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. read more...
Capacity Payments Discussed as a Tool to encourage Investment
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. read more...
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. read more...
B-day: the aftermath....and look out interest rates
So as Britain's youngest chancellor delivered his first (emergency) budget, was it as painful as expected. Probably not if you are a bank! read more...
23 June 2010
So as Britain's youngest chancellor delivered his first (emergency) budget, was it as painful as expected. Probably not if you are a bank! read more...
Unemployment Figures Rise
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. read more...
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. read more...
Unplanned Outages Cause Powercuts
Power cuts seen across the UK following an unplanned outage at BE’s Sizewell B nuclear plant in Suffolk read more...
28 May 2008
Power cuts seen across the UK following an unplanned outage at BE’s Sizewell B nuclear plant in Suffolk read more...
Supply Costs on the Up Too
Analysis suggests that energy supply costs are on the up too with increases of 9% seen in gas and 15% in baseload power. read more...
15 May 2008
Analysis suggests that energy supply costs are on the up too with increases of 9% seen in gas and 15% in baseload power. read more...
EU unbundling bungled
EU still voting on how to unbundle the energy companies of Europe. read more...
29 February 2008
EU still voting on how to unbundle the energy companies of Europe. read more...
One grid operator
As usual the UK government attempt to unify abroad and alienate at home. read more...
14 December 2007
As usual the UK government attempt to unify abroad and alienate at home. read more...
25GW of off-shore wind farms
The DTI (as was) has highlighted a potential 25GW of off-shore wind farms, if accurate there are still significant planning obstacles. read more...
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. read more...
Falling Wholesale Prices but what about the tariffs?
Even though the power wholesale market is following the falls seen in gas (Winter 09 Baseload closed the week down £0.20MWh at £38.70), and is now at levels where supplier tariffs must be under pressure, any tariff reduction announcements are unlikely to be made anytime soon. read more...
18 September 2009
Even though the power wholesale market is following the falls seen in gas (Winter 09 Baseload closed the week down £0.20MWh at £38.70), and is now at levels where supplier tariffs must be under pressure, any tariff reduction announcements are unlikely to be made anytime soon. read more...
Who will have the last laugh on the Green Agenda?
The Government’s announcement last week on the projected state of the UK energy industry is interesting and informative and demonstrates their willingness to impose a green agenda - but at what cost? read more...
24 July 2009
The Government’s announcement last week on the projected state of the UK energy industry is interesting and informative and demonstrates their willingness to impose a green agenda - but at what cost? read more...
Ofgem enquiry completed
Ofgem have completed their competition probe and not really delivered for business. read more...
18 March 2009
Ofgem have completed their competition probe and not really delivered for business. read more...
Imera secures new inter connector
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
07 December 2008
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
Ofgem to Publish Competition FIndings
Ofgem is expected to publish its findings as to whether competition is working effectively across the market next week. read more...
02 October 2008
Ofgem is expected to publish its findings as to whether competition is working effectively across the market next week. read more...
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