
31 January 2008
Targets look quite difficult to achieve just by cutting the norm!
For last year the UK delivered a net reduction in CO2 of 0.01%. The Uk is still on target to meet its Kyoto target as reductions in other greenhouse gases with higher CO2 equivalence ratios fell. But significantly domestic carbon usage was down 4% but electricity generation was up 1.5% ( this reflects the high costs of gas versus coal, one would expect this figure to come down if fuel switching between the dark and spark spread was made more viable.)
Domestic users did reduce their CO2 output significantly but transport increased by 1.5% this is likely to continue with new airport runways and road building projects already in the pipeline.
What it shows most starkly is that the governments target of a 60% reduction by 2050 is very unrealistic, at this rate of reduction it will take us until 2608 to achieve a 60% target!
75 %
Hedge your bets
 
29 March 2006
The UK Phase II nap is under consulatation and the energy sector is going to have to cut emissions further, a switch to gas will help, but don't expect a fall in emissions prices and for this to be passed on to the consumer.  
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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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All Quiet....
 
30 July 2010
A very quiet day in the UK energy markets which saw very little traded during the period - hardly surprising given the combination of usual Friday slowdown, holidays, a comfortable system as well it being the last traded day of the month.  
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Year to Date (week 7) Lows
 
22 February 2010
With the cold spell already priced into the curve and with bearish fuel prices, the power market hit year lows. At the same time, the season differentials narrowed giving the curve a smoother appearance.  
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Gains Seen Across the Curve
 
21 December 2009
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve.  
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Speculator Irony
 
19 September 2008
With all that has happened in the financial markets this past few days, and with Lehman Brothers collapsing on the 14th September, the one thing that has remained constant is the Speculator Trader rubbished as a cause of volatility and prices rises in one market or another.  
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A joy to be French
 
29 June 2007
Typically if there is a French way of gaming the system they will find a way of breaking the rules.  
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Energy Secretary gives the first annual energy statement to the Commons
 
28 July 2010
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050.  
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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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Investing in the Future
 
11 June 2010
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer?  
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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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