Month: January 2017
The main driver for energy markets over the next few weeks is temperature rising above normal seasonal levels. Rough Storage has had limited capacity for the whole of this winter period and mid-range storage levels are also starting to be depleted due to the recent cold snap, according to Inenco’s Y Report. A series of planned and unplanned nuclear outages have […]
The inactive Big Six will sit back and wait for the Competition and Markets Authority (CMA) fixes. That’s according to Ed Kamm, Managing Director of First Utility who spoke to ELN today after the CMA evidence hearing at Westminster. He said energy suppliers, particularly the Big Six, need to do more to help their customers get onto […]
The lack of consumer interest, knowledge and engagement regarding energy tariffs is a serious problem. That’s according to new findings from the Competition and Markets Authority (CMA), following its investigation into the UK energy market. It presented evidence to the BEIS Committee at Westminster earlier today. The group said suppliers need to encourage customers onto better deals, make their costs and profits more transparent, […]
The Met Office has signed an agreement to offer its metocean risk management software for offshore projects. ForeCoast® Marine is a planning, visualisation and decision support tool which uses Met Office forecast data to reduce costs and metocean risks. Under the deal, JBA Consulting will offer ForeCoast® to its marine and offshore clients. The two […]
Inenco brings you the weekly Y Report. A personal update of the world of energy.
The Scottish Government is inviting views from the public on the future of unconventional oil and gas in Scotland. That includes fracking and coal bed methane extraction. It follows a moratorium on unconventional oil and gas development in the country in January 2015. Dubbed Talking “Fracking”, the consultation will run until 31st May. A dedicated […]
Anglian Water has agreed to pay £100,000 to a social enterprise following a pollution incident in Peterborough. River Nene Regional Park, which aims to create a green infrastructure network of environmental projects from Daventry to Peterborough, will receive the money. In May 2013, storm tanks at Anglian Water’s Flag Fen Water Recycling Centre (WRC) overflowed, […]
SSE lost customers to rival suppliers in the last few months of 2016 and struggled to keep up its renewable energy supply. However, the Big Six energy company said it remains on track to return to growth and deliver earnings per share of 120p for the full year. It lost 50,000 customers in the nine […]
A new initiative aimed at reducing pollution generated by commercial buildings has been launched in New York City (NYC). The NYC Carbon Challenge for Commercial Owners and Tenants is a public-private partnership aimed at cutting emissions from buildings by 30% or more within the next decade. It is also part of the city’s wider goal […]
Statoil is testing a new technology that detects methane leaks at one of its production facilities in the US. It will evaluate Quanta3’s device under different conditions, with continuous detection of methane expected to help accelerate ongoing initiatives to reduce the company’s emissions. According to the US Environmental Defence Fund (EDF), around 25% of today’s […]