Other News

UK to face rising energy prices amid coal phase out

UK to face rising energy prices amid coal phase out

The decision from French energy firm EDF to close a 2GW coal-fired power station in the Midlands is expected to result in an increase to UK energy bills. EDF announced earlier this month that it would close its 2GW Cottam power plant and it is expected to be followed by […]

US warns of buying Venezuelan oil

US warns of buying Venezuelan oil

US National Security Advisor John Bolton has warned countries and companies around the world not to buy Venezuelan oil after its announced it wanted to sell more oil to India. During a surprise visit to India, Venezuela’s oil minister Mauel Quevedo announced he wanted to sell a great volume of […]

EDF SVT customers face 10% hike in energy bills

EDF SVT customers face 10% hike in energy bills

EDF customers on standard variable tariffs (SVTs) face a 10% increase to energy bills from the 1st April after Ofgem increased its energy price cap, according to comparison website uSwitch.com. Gas and electricity bills are set to rise for 1.3 million EDF customers to £1,254, up £118, to the level […]

Renewables facing the ‘perfect storm’ of threats

Renewables facing the ‘perfect storm’ of threats

The Scottish renewable energy industry is facing a wave of obstacles that threaten the sector, including the end of subsidies, rising fees and a lack of new viable technologies. UK tariffs that support small-scale and household generators, including solar panels and wind turbines, will cease to exist at the end […]

Coal still king in Japan

Coal still king in Japan

Following the Fukushima disaster, Japan has continued its commitment to use coal to provide reliable and resilient electricity as nuclear’s reputation remain unpalatable. Despite Japan’s Paris Climate Accord pledge that no effort would be spared in combating climate change, the 2011 disaster has made restarting the country’s nuclear plants a […]

No plans to create new Russia-OPEC alliance

No plans to create new Russia-OPEC alliance

The Kremlin stated on Tuesday there are no substantial ongoing talks with regards to forming an alliance between Russia and OPEC. In December Russian Energy Minister Alexander Novak said it was un likely that OPEC and other oil producers would establish a joint structure as a result of the increased […]

House committee support NOPEC bill

House committee support NOPEC bill

A House of Representatives committee has approved a bill that will make OPEC members accountable to US antitrust legislation. If passed into law, the No Oil Producing and Exporting Cartels Act (or NOPEC as it is also known as) would allow the US attorney general to sue separate members of […]

France back EU stance on Nord Stream 2

France back EU stance on Nord Stream 2

Efforts from Brussels to regulate the Russian led Nord Stream 2 gas project have been bolstered by support from the French for proposed EU energy rules on the pipeline, despite German opposition. Although the proposal does not have the leverage to stop the pipeline, it could restructure the operation and […]