E.ON splits energy business

German energy giant E.ON is splitting in two and plans to train its efforts on renewable energy. The energy group announced today it will divide its green energy generation and distribution efforts, including customer solutions, from a new company made up of its trading, oil exploration work and fossil fuel-burning power plants. The move is prompted by a […]

Is Labour diving into the shallow end on energy policy?

Energy Bill has extensive experience working for suppliers, TPIs and other energy companies. Still employed in the industry, he writes exclusively for ELN on the energy issues of the day. Having successfully dipped its toes in the water last year with a proposal for an energy price freeze, Labour donned its togs and jumped right […]

Value of carbon markets forecast to rise in 2014

Analysts predict the value of trades in the carbon markets will rise for the first time since 2011. The value of the global carbon market is forecasted to rise to €46bn in 2014. While a rise of 15% from last year, this is well below €98bn high it hit in 2011. Bloomberg New Energy Finance […]

Big Six rival's deal with Shell in hope of cheap energy prices

Independent energy supplier First Utility has signed a five year energy trading partnership with Shell. The deal effectively sees the British oil giant play broker for the smaller firm, buying gas and electricity from the wholesale market. It’s the second such arrangement for Shell Energy Europe in the UK, earlier in February announcing it will […]

Volatile wind likely to affect power prices after nuke outage

The UK’s prompt power prices are likely to be affected by “volatile” wind supplies after storm St Jude took out the Dungeness nuclear power plant, according to a weekly market report. On Monday the energy firm EDF said it had switched off reactor B at Dungeness (pictured) after a power loss because of the strong […]

UK power contracts expired at ‘record highs’ last week

Power contracts in the UK expired trading last week at “record high” prices of £57.66/MWh, according to npower’s weekly market report. Brent also recovered above $109/bbl (£72) last week due to increased demand from the US and Asia and carbon prices also saw a rise above €5/tonne (£4.2) due to confidence around the EU backloading […]

Carbon market value plunges – but sees record trades

There was a record level of trading across the world’s carbon markets in 2012 with a third of the world’s emissions effectively traded – but the market is worth much less than last year. Carbon markets such as the EU Emissions Trading System and the UN-led carbon market are meant to curb air pollution by […]

Emissions traders want action on low carbon price

Most businesses which have to pay for their carbon emissions on the EU Emissions trading scheme want action to bring up the price of allowances. A poll of businesses by the International Emissions Trading Association (IETA), the voice of firms from wide-ranging industries about carbon permits, found a majority were in favour of creating a […]

The Market Report – 14th Nov 2012

Find out the latest news on the energy markets from the optimisation desk team at npower