Categories
General

GLEG UK Energy Market Update…

UK Energy Market Summary to Friday 17th May 2024

Categories
General

GLEG UK Energy Market Update…

UK Energy Market Summary to Friday 10th May 2024

Categories
General

What Is Automatic Meter Reading Equipment (AMR) And Why Your Business Should Be Using It…

Automatic Meter Reading (AMR) is a technology used to automatically collect consumption, diagnostic and status data from gas, electricity or water metering devices.

The AMR then transfers this data to a central database for billing, troubleshooting and analysis. Here are nine reasons why your business should be optimising AMR including carbon and cost savings….

Categories
General

UK Gas Production Drops 9%…

Gas production in the UK dropped by 9% in the three-month period leading up to February 2024 compared to the same period in the previous year.

Government data shows that imports decreased by 15% due to reduced demand.There was also a significant drop in exports, which fell by 55% during the same timeframe.The decline in exports contrasts with the record-high levels observed a year prior when the UK supported European initiatives to reduce reliance on Russian gas.

Categories
General

Construction Begins On 120-MW Sonnedix Solar Complex In England

Global independent solar power producer Sonnedix Power Holdings Ltd has started building a 120-MW solar farm complex in County Durham, England, the company said on Thursday.

The project, named Cowley Complex, will create three connected solar farms of 60 MW, 43 MW and 17 MW, capable of generating approximately 124.6 GWh of electricity per year. It will be largest solar plant in Sonnedix’s 300-MW portfolio in the UK.

Categories
General

National Grid Launches Viking Link Interconnector Between UK & Denmark

National Grid, a British electricity and gas utility, has formally launched the 1.4GW Viking Link Interconnector project, a subsea cable connecting UK and Denmark electricity grids. The £1.7bn ($2.11bn) project comprises a 764km-long land and subsea cable, which for the first time has connected electricity grids between the two countries. Cables extend from the Bicker Fen converter station in Lincolnshire to a counterpart in southern Jutland, Denmark.

Categories
General

Europe’s Industry And Power Sector Emissions Plunge 15% In 2023

The EU’s emissions trading scheme sectors, industry and power, saw emissions drop by 15% in 2023, putting them on track for their 2030 targets, but expert’s questions whether this was because of – or despite – Europe’s carbon trading framework. The EU’s emissions trading scheme (ETS) puts an annual cap on emission in industry and the power sector – covering 40% of the economy. Companies can buy and sell the right to emit, setting a CO2 price that now hovers above €50 following a slump through 2023.

Categories
General

P432: What is it?

Elexon, the UK electricity regulator, has a introduced a change called P432 as the next stage of the programme to implement half hourly settlement meters across the UK electricity network. P432 means that from 1st April 2024, all new Current Transformer (CT) Advanced meters must be treated as Half Hourly (HH) for settlement and billing. If your business has non-half hourly Current Transformer meters they will need to be updated to work by March 2026.

Categories
General

Europe Exits Winter With Record Gas Storage Levels

Europe has ended the winter season with record levels of natural gas in storage, putting the region in a much better position to move on from the energy crisis that has overshadowed it for more than two years. Gas storage for the EU at the end of March, considered the end of the winter season by the industry, stood at just under 60% full. This is about 3 percentage points higher than the previous high, set last year.

Categories
General

Britain Seeks Views On 2027 Carbon Border Tax

Britain has launched a consultation on how it should apply a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies.