gas market

GMO NI became the sole gas market operator for the Norther Irish gas market in October 2017

A total of 15 EU countries have agreed to work together to build gas infrastructure links. The joint work under the European Commission’s ‘Central Eastern and South-Eastern European Gas Connectivity’ (CESEC) will focus on building new gas pipelines as well as making the best use of existing infrastructure, for example, by allowing reverse flow. They […]

The UK gas system is “still short” as a result of high exports to Europe. That’s according to the daily market report from npower, which suggests the system is 6.5mcm short but is a “reasonably well-balanced supply and demand”. Tim Carter, Client Portfolio Manager at the Optimisation Desk said the difference between the bid and […]

Gazprom Energy has achieved a 10% share of the UK business gas market, making it the fourth largest gas supplier to businesses. With the energy market dominated by the ‘Big Six’ suppliers, Gazprom Energy – whose clients include Chelsea FC, Sheffield Forgemasters and David Lloyd leisure centres – said it has reached a “significant milestone” […]

Energy Secretary Ed Davey this afternoon said it is “totally unacceptable” for people to profit from manipulating energy prices, declaring that if there is a “racket” in the UK gas market then the “full force of the law” will be brought down on the guilty parties. He made the remarks when taking questions in the […]

The watchdog Ofgem and the Financial Services Authority (FSA) are investigating allegations that energy companies regularly manipulate the gas market after a whistleblower informed them of “unusual” gas deals. The allegations have prompted Energy Secretary Edward Davey to say today he is “extremely concerned” and he will make a statement about this in the Commons […]

It looks increasingly likely the UK will see more projects like the new gas power station in Pembroke, say analysts, which could have a notable impact on the gas market. Yesterday npower officially opened its new efficient Combined Cycle Gas Turbine (CCGT) plant in Wales (pictured). Analysts suggest policies such as the carbon floor price […]