via telegraph.co.uk
Wednesday, 3 November 2010
UK Gas Prices to Increase This Winter
Prices for gas in the UK firmed yesterday, on Tuesday November 2nd as the
weather became colder and demand from consumers increased. This fact also
coincided with a decrease in supply from Norway, which contributed to
further growth in gas prices. As such, imports of gas from Norway fell to 60 million cubic meters per day
since the last lot was delivered on Friday, October 29th. According to estimates, gas scheduled for delivery today, on November 3rd,
was priced at 45.8 pence per therm, which is 0.9 pence up. A separate report suggests that UK consumers will face a 9.4% increase in
gas bills as Scottish & Southern Energy, one of the cheapest energy
suppliers in UK, plans to raise prices and its competitors are expected to
follow the suit. Those, who want to compare gas price
s, should know that approximately
£70 will be added to an average annual gas bill. http://www.moneyavenue.co.uk/news/gas-and-electricity/uk-gas-prices-to-incre
ase-this-winter.html
weather became colder and demand from consumers increased. This fact also
coincided with a decrease in supply from Norway, which contributed to
further growth in gas prices. As such, imports of gas from Norway fell to 60 million cubic meters per day
since the last lot was delivered on Friday, October 29th. According to estimates, gas scheduled for delivery today, on November 3rd,
was priced at 45.8 pence per therm, which is 0.9 pence up. A separate report suggests that UK consumers will face a 9.4% increase in
gas bills as Scottish & Southern Energy, one of the cheapest energy
suppliers in UK, plans to raise prices and its competitors are expected to
follow the suit. Those, who want to compare gas price
s, should know that approximately
£70 will be added to an average annual gas bill. http://www.moneyavenue.co.uk/news/gas-and-electricity/uk-gas-prices-to-incre
ase-this-winter.html
Tuesday, 2 November 2010
Monday, 1 November 2010
Campaign to scrap daylight saving gathers pace
David Cameron has been urged by MPs to experiment with extending British
Summer Time (BST) through the winter to save money and energy for homes and
businesses across the UK. Tim Yeo, chairman of the House of Commons Energy and Climate Change
Committee, issued the call last week after hearing evidence from experts at
Cambridge University and National Grid. "There is a real head of steam building up behind this proposal in
Parliament now - and it's due to be voted on in December," he said. "I am
calling on the government to launch a full-scale trial. Until we do this we
will all be in the dark about whether this idea really could help us to meet
our climate change targets without costing the taxpayer a penny." The call throws weight behind the daylight saving bill, tabled by by
Conservative MP Rachel Harris, which is due to have its second reading on 3
December. Researchers at Cambridge University told the Energy and Climate Change
Committee that the UK could save up to 447,000 tonnes of carbon dioxide
emissions annually by better aligning the waking hours of the UK population
with the daylight available. Researchers said the savings would be
equivalent to taking 172,000 cars off the road. Officials from National Grid added that the measure could potentially ease
the UK's path to producing 15 per cent of energy from renewable sources by
2020, because extending BST would flatten peak demand. Keeping BST could reduce peak electricity demand in autumn and spring by
1GWh, the equivalent of the hourly output of a large power station, they
said. http://www.businessgreen.com/business-green/news/2272498/campaign-scrap-dayl
ight-savings
Summer Time (BST) through the winter to save money and energy for homes and
businesses across the UK. Tim Yeo, chairman of the House of Commons Energy and Climate Change
Committee, issued the call last week after hearing evidence from experts at
Cambridge University and National Grid. "There is a real head of steam building up behind this proposal in
Parliament now - and it's due to be voted on in December," he said. "I am
calling on the government to launch a full-scale trial. Until we do this we
will all be in the dark about whether this idea really could help us to meet
our climate change targets without costing the taxpayer a penny." The call throws weight behind the daylight saving bill, tabled by by
Conservative MP Rachel Harris, which is due to have its second reading on 3
December. Researchers at Cambridge University told the Energy and Climate Change
Committee that the UK could save up to 447,000 tonnes of carbon dioxide
emissions annually by better aligning the waking hours of the UK population
with the daylight available. Researchers said the savings would be
equivalent to taking 172,000 cars off the road. Officials from National Grid added that the measure could potentially ease
the UK's path to producing 15 per cent of energy from renewable sources by
2020, because extending BST would flatten peak demand. Keeping BST could reduce peak electricity demand in autumn and spring by
1GWh, the equivalent of the hourly output of a large power station, they
said. http://www.businessgreen.com/business-green/news/2272498/campaign-scrap-dayl
ight-savings
UK Electricity prices: Prompt eases on lower UK gas, despite nuclear outage
UK spot power prices eased Monday due to lower UK gas prices and warm
temperatures, while an outage at the 450 MW Heysham 1-2 nuclear reactor
Monday lent a bit of support to prices by late morning, said sources. UK OTC baseload power for next-day delivery was assessed at GBP43.25/MWh by
12:00 London time, down GBP1 from where Monday was assessed on Friday. Peakload traded at GBP48/MWh a few minutes before 12:00, after most volumes
went for GBP47/MWh, said a source. On the N2EX wholesale power exchange, day-ahead base cleared at
GBP43.31/MWh, in line with OTC. "It's bearish on the gas and the warm weather...there's nothing that could
make the price go up at the moment," a trader said. "The Heysham 1-2 outage
was too late to have any significant impact on the day-ahead, although the
price came up by end of play." UK gas prices were bearish Monday
due to lower Continental demand and a well-supplied system, said traders.
Within-day gas was down 1.95 pence/therm to 44.75 p/therm, while day-ahead
was down by a less significant 0.45 p/therm, at 45.05 p/therm. Temperatures in London will remain above the seasonal average this week,
peaking at 6 degrees Celsius above the norm Thursday, according to
CustomWeather.
temperatures, while an outage at the 450 MW Heysham 1-2 nuclear reactor
Monday lent a bit of support to prices by late morning, said sources. UK OTC baseload power for next-day delivery was assessed at GBP43.25/MWh by
12:00 London time, down GBP1 from where Monday was assessed on Friday. Peakload traded at GBP48/MWh a few minutes before 12:00, after most volumes
went for GBP47/MWh, said a source. On the N2EX wholesale power exchange, day-ahead base cleared at
GBP43.31/MWh, in line with OTC. "It's bearish on the gas and the warm weather...there's nothing that could
make the price go up at the moment," a trader said. "The Heysham 1-2 outage
was too late to have any significant impact on the day-ahead, although the
price came up by end of play." UK gas prices were bearish Monday
due to lower Continental demand and a well-supplied system, said traders.
Within-day gas was down 1.95 pence/therm to 44.75 p/therm, while day-ahead
was down by a less significant 0.45 p/therm, at 45.05 p/therm. Temperatures in London will remain above the seasonal average this week,
peaking at 6 degrees Celsius above the norm Thursday, according to
CustomWeather.
Subscribe to:
Posts (Atom)