Businesses could make money from signing up to the demand side response (DSR) scheme yet 75% haven’t enrolled as they don’t know enough about it. DSR is a scheme that contacts businesses at times of high energy demand, asking them to lower or stop using their electricity at peak times to take the pressure off […]
Gas demand to rise 31%. Energy prices surge
As the temperature drops across Western Europe, LDC gas demand is set to rise by 31% over the next week. After a few months of warmer-than-average weather, heating demand has been stilted yet the Met Office advises that colder temperatures are closing in with a surge in demand set to raise gas market prices. “Colder […]
High risk of blackouts this winter
National Grid warns of potential blackouts this winter as the capacity margin hits a record low of 1.2%. Capacity margin is the average amount of extra electricity available compared to peak winter demand. Households will be expected to fund subsidies to new gas power stations to increase capacity and avoid darkness. Measures have already been […]
Oil prices drop again as Opec continues production
Oil prices have been dropped for some time now thanks to a decrease in global demand coupled with increased US shale production. Some of Opec’s members however are not happy with the current state of affairs and have implored the cartel to cut production so prices can rise. Even the Kuwaiti oil minister conceded that […]
Oil prices tumble as fracking in the US rises
A huge turnaround this year for the oil industry as fracking has upended the biggest world players. America has now replaced Saudi Arabia as the world’s biggest producer and is fast pushing the North Sea operators out of the market. Increased shale oil production in the US and a decrease in global demand have caused […]