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Npower: British energy bills set to rocket by more than £200 by 2020
British energy bills are expected to increase over £200 by 2020, unless energy efficiency measures are embraced, driven by costs of government green policies, according to a controversial report recently released by the energy supply Npower. It reiterated that households should take more initiatives to insulate their homes, cutting in such a way the bill to £1,240.
read more... 23/01/2014
IRENA: World renewable energy share on track to double by 2030
The share of renewables in the global energy mix is forecasted to increase to as much as 36 percent by 2030, according to a roadmap published by the International Renewable Energy Agency, called REmap 2030.
read more... 22/01/2014
Dong Energy to quadruple its offshore wind capacity by 2020
Dong Energy is aiming to have installed 6.5GW of operating offshore wind capacity in north-west Europe by the end of the decade, with an intermediate target of 3.5GW by end-2016. Dong has publicly adopted an unprecedented target of reducing its offshore wind cost of energy to €100/MW by 2020. This would correspond to at least 47% less than Germany's current feed-in tariff for offshore wind generation, which is set at EUR 190/kWh. The new 2020 benchmark target for offshore wind is to quadruple installed offshore wind capacity from its currently 1.7GW to 6.5GW in 2020.
read more... 22/01/2014
Russia started oil deliveries to China
After last week, Russia state-owned oil giant Rosneft has announced that it has received the first tranche of advance payment from China National Petroleum Corporation (CNPC), Russia has started delivering crude oil to China, as established by the contract signed by the two countries during the St Petersburg International Economic Forum in June last year, in a move which aims to diversify China’s energy imports.
read more... 22/01/2014
Daily: UK day-ahead gas drops on oversupplied system
Crude oil prices registered modest gains on Tuesday after a recent rally encouraged by optimistic global demand forecast and fresh concerns about Libyan oil exports.
read more... 22/01/2014