price
An agreement has been made to increase production to 400,000 barrels a day each month from August until December to control the market
With global power demand and wholesale energy prices nose-diving during the lockdown, energy tariffs have dropped significantly
Low wholesale energy prices mean six suppliers are now offering a total of nine new fixed deal energy tariffs for less than this price
IHS Markit notes the market is currently trading around 40% down since early March
The challenger firm says reductions will vary due to differences in the cost of distributing gas regionally across the UK
The firm, which has more than 1.6 million customers in the UK, says the changes are driven by falling wholesale gas prices and higher electricity network and policy costs respectively
That’s according to a new survey published by charging infrastructure firm NewMotion, which asked 4,492 EV drivers about a variety of issues relating to the adoption of battery-powered cars
Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration
The offshore wind farm developer’s troubling finding could mean offshore wind energy revenues are significantly lower than expected
Bloomberg New Energy Finance says renewable energy sources can now generate electricity at a cost equal to or lower than wholesale prices in California and parts of Europe
The Big Zero report
Popular Posts
-
US startup unveils battery made from nuclear waste that could last up to 28,000 years
-
Ecotricity boosts offer to Good Energy shareholders by 18% in takeover attempt
-
China ‘built over three times as much coal plant capacity as the rest of the world in 2020’
-
Large fire at key UK substation cuts off power from France
-
Go Compare buys Dragons’ Den energy switching business
-
ESB becomes major shareholder in So Energy
