Latest news
UK to pay offshore wind developers triple market electricity price
Under a subsidy program to boost renewable energy that by 2020, the UK is engaged to pay offshore wind developers triple the market price for electricity they generate at £155 per megawatt-hour, move that will cost consumers 7 .6 billion pounds ($11.6 billion) a year.
read more... 28/06/2013
BGS: Britain's shale gas reserves are much larger than previously estimated
According to a new report performed by the British Geological Survey, UK may hold shale gas deposits that could supply the country for 25 years, ramping up the previous estimates.
read more... 28/06/2013
UK: Electricity prices to double in the next years to come in comparison to those in Germany
A new report offered by bank Credit Suisse stated that UK electricity prices could almost twice those in Germany in the next three years because of the impact of a new tax intended at supporting renewable power production. The report showed that wholesale prices could increase in comparison to those in Germany by 85% in 2016-17 and would maintain the trend in general for the next 7- 10 years.
read more... 24/06/2013
Daily: UK gas prices dropped to the lowest level since October 2012 on oversupply
Oil crude prices slipped for a second straight day in choppy trade on Friday, with Brent registering its highest two-day decline since September as the U.S. dollar rallied, raising traders’ concerns over slower oil demand in China and reduced investor demand in the Unites States.
read more... 24/06/2013
UK: sixth in the world in terms of renewable energy investments
According to the last edition of PA Consulting Group’s Energy Investment Map which includes 30 countries in Europe, Asia Pacific, the Gulf, BRICS and the US aiming to offer investors an general idea of where they could have the best opportunities.
read more... 21/06/2013