Brexit ‘already driven up power prices £75 a year’

UCL researchers suggest this increase has been driven largely by the collapse in the value of the pound and additional volatility

Switzerland votes nuclear out, renewables in

Switzerland has voted to phase out nuclear power in favour of renewable energy. A public referendum decided to adopt an energy plan that will eventually replace all nuclear energy with solar, wind and hydropower generation. Swiss voters passed the energy plan with a more than 58% majority in support. There’s currently no timeframe for the nuclear shutdown but the process is expected to begin in […]

Swiss vote against quick nuclear phase-out

Switzerland has voted not to phase out nuclear energy production sooner than originally planned. The results of a referendum on Sunday saw 55% of voters wanting to stick to the original energy plan timeline, defeating the 45% who want to get rid of nuclear power as soon as possible. Activist groups had pushed for the vote since Japan’s Fukushima disaster in 2011 to reduce […]

Inenco Y Report – 29th June 2016

Inenco brings you the weekly Y Report. A personal update of the world of energy.

E.ON chief: ‘EU leaders should retain Single Market for Britain’

The head of E.ON is reportedly calling on EU policymakers to retain a “single market for goods and services for the British”. His comment follows the referendum last week when Britain voted to leave the EU. He reportedly said the energy company’s staffing needs must be adjusted: “E.ON has 40,000 employees. Overall, that’s not going […]

Gas prices down as pound prospers on Scots’ vote

Gas prices slipped today as the pound prospered versus the euro, according to npower’s daily market report. The British pound’s strength versus the EU currency came after Scotland voted to stick with the UK. Ben Spry, Optimisation Desk Manager at npower said: “We’ve got the pound gaining a two year high against the euro after the […]

Referendum ‘No’ spells oil and gas “sigh of relief”

The oil and gas sector is feeling “relief” after Scotland voted to stay part of the UK according to commentators. This morning it was confirmed the referendum was won with 55% of voters in favour of the union. Lawyers and analysts believe cash can continue to flow into oil and gas. “We have all let […]

Guest Blog: Mervyn Bowden – Referendum Worst Case Scenarios Part 2

Well, it’s all over bar the shouting – and there’s likely to be plenty of that. The Scots have made their decision and hopefully in the longer term will be demonstrated to have been right, having themselves been blameless in what has been a demonstration of all the legion ineptitudes of politicians of whatever shade. […]

Scots vote stocks wobble may rumble power prices – DMR

Any moves in financial markets today as Scottish voters go to the referendum polls could trickle through to short term power prices, suggested analysts. Presenting npower’s Daily Market Report, Ben Spry, Optimisation Desk Manager said: “Obviously we’ve got the Scottish independence vote going on, that’s going to cause a little bit of volatility I’d expect in currency and […]

Nuked out! Parliamentary punch-up in Taiwan

Punches and bottles of water were thrown in Taiwan’s parliament today during talks on whether to continue building a new nuclear power station. Chaos broke out in the parliament building while politicians were due to vote on whether to hold a referendum on plans for a fourth nuclear plant. Two reactors at the new Lungmen […]