Global electricity demand growth “clouded” by soaring energy prices and economic uncertainty

The IEA has predicted that global electricity demand will grow by 2.4% this year

‘Historic milestone’ as Ukraine connected to European power grid

The trial project will enable Ukraine to keep its power system stable and decouple it from Russia

Ireland smashes wind energy record

Wind generation hit a 4,5GW high across the island on Saturday

More than 8,500 roles at Rolls-Royce to be scrapped by the end of the year

The British giant said its business restructuring programme delivers cost savings more quickly than previously anticipated

UNEP, IEA and Italy launch new initiative on power system modernisation

The Demand-Driven Electricity Networks Initiative (3DEN) will support countries on modernising their electricity systems through policy, regulation, technology and investment guidance

Celestial supercharge! NASA broadcasts spacewalks for space station’s energy upgrades

Astronauts will replace ageing nickel-hydrogen batteries with new lithium-ion batteries

Coronavirus lockdown ‘knocks electricity demand by 13%’

A new report suggests this change in energy consumption is most notable in the morning peak and middle of the day

EU bank lends £500m to upgrade UK power system

The European Investment Bank (EIB) has agreed to provide £500 million to upgrade the UK’s power system. The 20-year loan facility will support UK Power Networks’ plans to improve critical energy infrastructure across London, the East of England and South East over the next seven years. The company, which distributes 27% of the UK’s electricity, […]

Good time to place fixed price contracts – Y report

It is a good time to place fixed price contracts now for those customers who need budget certainty, according to Inenco’s Y report. That’s because the market is at “pretty much bottom of the market levels”. Dorian Lucas, Energy Analyst said: “This time of the year can be really, really risky so people with fixed […]

Gas system slightly undersupplied – DMR

The UK gas system is “slightly” undersupplied, according to npower’s daily market report. The linepack is forecast 6mcm short whilst demand is around 320mcm, 25% higher than seasonal normal levels. Langeled flows are nominated at 70mcm, LNG is at 46mcm and the Balgzand Bacton Line (BBL) at 18mcm. Tim Carter from npower’s Optimisation Desk said: “Storage […]