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US energy usage drops to lowest in 30 years

US energy usage drops to lowest in 30 years: The United States most important power use plummeted by 7.8% in 2020, the biggest year-on-year decline in power consumption in at least 30 years. Power demand from the transportation sector fell hardest another report by BloombergNEF and Sustainable energy found, slipping 14.4% as Americans drove and…
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Australian renewables

Australian renewables see wholesale buck January trends

Australian renewables see wholesale buck January trends: In Australia, the month of January normally sees a spike in the average wholesale price. However, according to research from Cornwall Insight Australia, January bucked this historical trend with the price trending lower in the first month of 2021 across all states, building on the low-price outcomes in…
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CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes: January saw the day-ahead baseload power price (for a 24-hour period) reach £100.0/MWh or higher on seven separate occasions including four consecutive days between 11 and 14 January, while imbalance prices reached a record high of £4,000.0/MWh. During this time, the vast majority of offer volumes…
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Energy positive home cuts bills by £1000 yearly

Energy positive home cuts bills by £1000 yearly: A 3 bedroom house built in a Welsh village in Pyle, regarded to be the 1st affordable energy positive housing plan in the country, may save £1,000 per year on bills. The 100 square metre house was built and designed by Cardiff University experts as a prototype…
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Price cap rises but is expected to increase further still

Price cap rises but is expected to increase further still: Commenting on today’s Ofgem announcement that the default price cap would increase by £96 to £1,138 for the six months effective from 1 April 2020, Robert Buckley Head of Relationship Development at Cornwall Insight, said: “This is a substantial increase which negates all of the…
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Brexit impacts | Divergent

Brexit impacts | Divergent electricity prices

Brexit impacts | Divergent electricity prices: Since the start of the year, as a result of Brexit, Great Britain‘s (GB’s) internal and cross-border trading has been temporarily decoupled from European power exchanges. This is expected to result in less efficient trades; interconnector flows and divergent electricity prices between power exchanges. Research from Cornwall Insight examining…
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Renewables pass fossil fuels as EU main power source

Renewables pass fossil fuels as EU main power source: Renewables passed fossil fuels & was Europe’s main source of electricity for the 1st time in 2020. The nonpartisan climate & energy think tank Ember has written a recent report, that discovers renewable energy sources produced about 38% of the European electricity blend last year, an…
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UK-French interconnector runs with low carbon electricity

UK-French interconnector runs with low carbon electricity: A new interconnector that conducts low carbon electricity to flow between the UK & France by way of a 149-mile underwater power cable, has went into action. The Interconnexion France-Angleterre 2 (IFA2) extends near the seabed among Hampshire in the UK & Normandy in France. The cable has…
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Octopus Energy to offer world’s 1st wind tariff

Octopus Energy to offer world’s 1st wind tariff: Octopus Energy has announced what is believed to be the world’s first electricity tariff where the price drops as the wind speeds up. The new tariff comes along with the buying of wind turbines in Caerphilly, South Wales & Market Weighton, Yorkshire. It guarantees to provide households,…
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National Grid ESO acclaim 2020 as greenest for Britain

National Grid ESO acclaim 2020 as greenest for Britain: Britain’s electricity system had the greenest year ever on record in 2020 according to National Grid ESO. The electricity system conductor National Grid ESO, that studied the yearly data, indicate the country was powered without coal for about 5,147 hours in 2020, in comparison with 3,666…
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