Latest news
Ofgem plans to end temporary last resort supply payment claim process
In a bid to adapt to evolving market conditions, Ofgem is proposing to end the temporary multiple claim process for Last Resort Supply Payments (LRSPs).
read more... 30/05/2023
Italian LNG terminal to start operations in mid-June
Italy’s Piombino floating LNG terminal (FSRU) could start commercial operations as early as mid-June once it receives authorisation for the injection of gas into Italy’s national grid, a spokeswoman from TSO Snam said.
read more... 30/05/2023
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Northern Ireland-Scotland electricity link proposed
A transmission licence application has been made in Northern Ireland (NI) for a proposed new electricity interconnector, which aims to connect NI and Scotland around the end of the decade.
read more... 30/05/2023
Daily (29.05.2023): Crude oil prices retreated by 1% on Friday amid provisional agreement on rising the US debt ceiling
Oil prices gained ground on Friday, spurred by provisional agreement struck by US leaders on raising the debt ceiling and potential output cuts by OPEC+. Brent crude increased by 0.9% to settle at $76.95 a barrel, while WTI gained 1.3% to trade at $72.67 a barrel.
read more... 29/05/2023
UK electricity market sets CAP below £100/MWh for first time since 2021
The Credit Assessment Price will fall to £85/MWh in response to stabilising wholesale prices
read more... 29/05/2023