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Energy regulator to force price controls in the UK

Energy regulator to force price controls in the UK

Ofgem is set to implement price controls on electricity and gas companies in the UK. This step by Ofgem follows criticism from Citizens Advice for allowing energy companies to make billions of pounds of profits while bills continue to rise for consumers. Energy prices in the UK are high in […]

Rising electric car demand will necessitate 18 gigawatts more capacity

Rising electric car demand will necessitate 18 gigawatts more capacity

The National Grid has said that rising levels of electric car use will create 18 gigawatts of electricity demand by 2050. This prediction follows developments such as Volvo’s pledge that every one of its vehicles will have an electric motor from 2019. The 18 gigawatt increase is the equivalent to […]

Coal exports give Australia $2.47 billion trade surplus

Coal exports give Australia $2.47 billion trade surplus

A recovery in coal exports has increased the size of Australia’s trade surplus. Australia’s trade surplus rose to $2.47 billion in May following a slump due to the impact of Cyclone Debbie. Economists had expected an improvement to $1.1 billion from a low of $90 million in April. Exports climbed […]

Renewables critic Professor Dieter Helm appointed to review UK energy costs

Renewables critic Professor Dieter Helm appointed to review UK energy costs

Dieter Helm, an academic who is a critic of the cost of current renewable power has been selected to lead a review into the cost of UK energy. The Conservative manifesto promised a report into the cost of UK energy as a first step towards “competitive and affordable energy costs.” […]

Frydenberg stresses neutral approach to energy policy

Frydenberg stresses neutral approach to energy policy

The Australian energy minister Josh Frydenberg has stressed the Australian government’s technologically neutral approach to energy policy. Speaking to ABC he said: “If that’s coal, or gas, or renewables with storage, or a combination of the above, then we’ll be prepared to support it.” Australia currently gets over 60% of […]

US to quadruple oil exports

US to quadruple oil exports

An influential member of the oil industry has predicted the US will quadruple its oil exports. PIRA Energy has predicted that by 2020 US exports of crude could be as much as 2.25 million barrels per day. This would place the US ahead of most OPEC countries. This prediction paints […]

Gas key to post-Brexit UK energy mix

Gas key to post-Brexit UK energy mix

Gas is set to play an increasingly important role in the UK’s energy mix amid continuing uncertainty surrounding the nuclear industry’s future within Euratom, the European nuclear regulator, post-Brexit. Although Euratom was created separately from the European Union, full membership of the body that co-ordinates Europe’s civil nuclear energy industry […]