Summer UK gas prices likely to fall, help industry

Wholesale UK gas prices should fall this summer as liquefied natural gas shipments rapidly replenish plentiful stocks, helping soften the blow of record high transport fuel prices for battered British business.

After an unprecedented surge in gas costs last summer, Britain's gas market should return to its normal mid-year price lull, offering some short-term relief to big industrial users who buy on the wholesale market in an economy barely staggering out of recession.

http://bx.businessweek.com/liquified-natural-gas/view?url=http%3A%2F%2Fc.moreover.com%2Fclick%2Fhere.pl%3Fr4562486058%26f%3D9791

UK could win almost a quarter of marine-energy market

Analysis released today by the Carbon Trust shows that the UK could capture slightly less than a quarter of the global marine-energy market.

Equivalent to up to £76bn of the UK economy by 2050, this sector could also generate more than 68,000 UK jobs if the technology is successfully developed and deployed internationally, and the UK builds on its existing lead.

The majority of these jobs would develop thanks to growing export markets in countries such as Chile, Korea and the US, as well as Atlantic-facing European states.

Read more: http://www.theengineer.co.uk/sectors/energy-and-environment/uk-could-win-almost-a-quarter-of-marine-energy-market/1008476.article#ixzz1LKNNAbRE

Energy Market Report May 2011

Our monthly analysis of the UK gas and power markets is now available on line for the month of May 2011. The service is intended to keep you up to date with all the major news in Europe’s gas and power markets. It is also designed to keep power executives focused on market activity in an easy to digest format.

Read More: http://www.catalyst-commercial.co.uk/blog/latest-news/energy-market-report-may11/

Energy Entrepreneur slams use of fake documents

Utilities supplier boss, Andy Pilley, has spoken out against the ever-increasing use of bogus tenancy documents within the industry.

Mr Pilley, the owner of national commercial gas and electricity supplier, BES (Business Energy Solutions), has seen an 'alarming increase' in forged change of tenancies submitted by brokers.

Brokers approach suppliers with new clients and in exchange are paid an introductory fee. Once the details have been processed, clients often enter an out of contract rate with their previous supplier, which can mean paying double the amount they were before. Now, on behalf of the businesses that are at risk, BES is calling for a stop to it.

http://www.prfire.co.uk/press-release/entrepreneur-slams-use-of-fake-documentsere-58605.html

Sabien warns of winter gas price rise

Sabien Technology has suggested price rises per therm will be partly dictated by the increasing costs added to energy bills to pay for the UK's climate change policy.

Alan O' Brien, CEO at Sabien Technology, said: "Government figures suggest its climate policies will add 26 per cent to the energy bills of medium sized firms by 2020. At the core of rising prices is the fact that wholesale gas is now a global market, especially with the emergence of liquefied natural gas (LNG). As with all global markets, the prices will be driven by the highest payer and demand."

http://www.heatingandventilating.net/news/news.asp?id=8493&title=Sabien+warns+of+winter+gas+price+rise

Factors Influencing UK Business Gas Prices

This is how it works. When crude oil prices raise so does natural gas prices for continental Europe and consequently the UK, because of pipeline connections to Europe.

Since UK gas prices aren’t completely hooked up to European oil indexed gas prices, gas in the UK becomes cheaper than in continental Europe and European gas traders end up buying gas from the UK. That is when the demand in increased and UK gas suppliers put their prices up to stop the flow to continental Europe and to contain the price surge in the UK gas market.

http://www.computer-training-news.co.uk/computer-training-news/factors-influencing-uk-gas-prices/

Big Fine for Companies Who Provide Inaccurate CRC Reports

Time is running out for UK organisations whose half hourly electricity consumption totals more than 6,000 MWh per year (equivalent to approximately £500,000 annual spend) and are yet to compile all data for their CRC report.

Companies covered under this Energy Efficiency Scheme must provide a carbon emission report based on their annual energy consumption by the end of July, more precisely the 31st. Those who fail to meet the deadline will face severe financial penalties.

Read More: http://www.catalyst-commercial.co.uk/blog/latest-news/inaccurate-crc-report-fines/