Magali Hodgson, Matt Smith, Andrew Horstead and Alex Barnes discuss the energy market at Energy Live 2013.
Brent crude oil prices dropped 2% this morning after Iran agreed to curb its nuclear activities in return for around $7 billion (£4.33bn) in sanctions relief. Prices fell to $108.8 (£67.4) from $111.05 (£68.7) following the deal, according to energy expert David Hunter from Schneider Electric but recovered by mid-afternoon with Brent trading at around […]
The crisis at Grangemouth oil refinery is a sign of a wider malaise in the refining industry according to experts. The clouded situation at the Scottish refinery in the last fortnight follows a dispute over a worker which saw Unite union members threaten to strike. The site’s owner Ineos effectively retaliated by shutting the refinery […]
Consumers are “misguided” it they think the Government’s new proposals for energy tariffs will cut prices. That’s according to an energy and carbon management firm which believes Energy Secretary Ed Davey’s plans for suppliers to offer customers their cheapest gas and electricity tariffs and limit these to four main tariffs per fuel type won’t be […]
Members of the energy industry have expressed concern over today’s news that the Horizon project for new nuclear has been binned. The UK is set to lose 12GW of its installed coal generating capacity in 2015 and a further 7GW of nuclear capacity by 2020 due to planned decommissioning. As a result, the Government is […]
A risk analyst from specialist energy firm Utilyx has questioned the fairness of energy companies raising prices for consumers when wholesale prices that they purchase are considerably lower than they have been over the last few months. Last week E.ON joined three other companies by raising their domestic energy prices, but many in the industry […]
A risk analyst says today’s EMR “has the power to undo the last 15 years of free market principles”. And Andrew Horstead also brands the reform package “a bold move from a government that is trying to be the greenest ever”. Mr Horstead, risk analyst at energy and carbon management firm Utilyx, said: “The government […]