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Madrid won’t be turning off lights to save energy

Madrid won’t be turning off lights to save energy The regional officer of Spain’s capital, Madrid has stated that the city won’t be switching off the lights to preserve energy ahead of the “tough” winter for countries all across the world. Her comments lead the statement of emergency actions from Spain’s Prime Minister Pedro Sánchez.…
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EU to face gas supply disturbance in winter says IEA

EU to face gas supply disturbance in winter says IEA If a complete Russian cut-off were to happen, EU will possibly be hit by supply disruptions from October even if countries manage to fill up their gas storage facilities in the coming days. The worrying estimation comes from a report written by the International Energy…
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Higher energy prices due to Nord stream gas reductions.

Higher energy prices due to Nord stream gas reductions. Analysts have estimated extra steep inflations in energy costs as a conclusion of Russia’s move to cut streams through the Nord Stream pipeline. That’s one of the discoveries of a new article by Wood Mackenzie which indicates high costs resulting from the restrictions will inevitably lead…
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Agreement by Centrica to safegaurd winter energy supplies

Agreement by Centrica to safegaurd winter energy supplies Centrica has collaberated with Equinor to steady the energy crisis due to rising energy bills and the war in Ukraine. The signed settlement will see the Norwegian energy firm bring an extra 1 billion cubic metres of gas supplies to the UK for each of the next…
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Centrica submitted application to reopen ‘largest’ gas storage site

Centrica submitted application to reopen ‘largest’ gas storage site British Gas owner Centrica has submitted an application to the North Sea energy regulator to reopen Rough, which is considered the UK’s largest gas storage facility. The company confirmed it is in “exploratory discussions” with the government about the way Rough could boost the country’s energy…
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European energy price worse from Russia-Ukraine conflict

European energy price worse from Russia-Ukraine conflict: Russia`s invasion of Ukraine will aggravate Europe`s energy price crunch and put further strain on European gas storage, which is already at a multi-year low. The effect on gas and electricity prices will be amplified by Russia`s reaction to sanctions. Figure 1: European benchmark gas prices Source: Bloomberg,…
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How did the UK manage to double its gas exports in the midst of an energy crisis?

How did the UK manage to double its gas exports in the midst of an energy crisis?: According to government figures, the UK exported exceptionally high volumes of gas during the energy crisis, when gas price increases overwhelmed dozens of energy companies. Gas exports were treble the levels of near-record lows witnessed in 2020 in…
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High prices and ‘profiteering’ are blamed on Russia, according to Brits

High prices and ‘profiteering’ are blamed on Russia, according to Brits: The top two drivers of the gas problem affecting the UK are the behaviour of energy corporations attempting to earn an excessive profit and the Russian government. According to a new study conducted by the Energy and Climate Intelligence Unit (ECIU), 28% of the…
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Quick fixes to the energy crisis are ​​not working

Quick fixes to the energy crisis are ​​not working: The focus of policy makers on short-term solutions to rising energy prices is risking the long-term sustainability of the energy sector and leaving the public vulnerable to increasing costs according to Gareth Miller, CEO of Cornwall Insight. Current solutions, including the Default Tariff Cap, only attempt…
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Europe moves towards buying joint gas

Europe moves towards buying joint gas: While policymakers, suppliers, and energy customers are all feeling the pinch of rising energy prices, Europe is reportedly looking into measures that would prioritize joint gas purchasing. The European Commission has scheduled a summit where heads of state will discuss how to respond to energy prices. According to a…
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