electricity

  1. Home
  2. electricity

China produced over half of the globe’s coal-fired electricity

China produced over half of the globe’s coal-fired electricity: In the year when coal generation had its steepest fall on record worldwide. China was accountable for around 53% of the world’s coal-fired electricity in 2020. This is claimed by a new report by the energy & climate research group Ember, that believes China’s coal generation…
Read More

EDF to close final coal plant in September 2022

EDF to close final coal plant in September 2022: EDF has now affirmed it will shut down its West Burton A coal plant in September 2022 which happens to be 2 years ahead of the government’s target date for coal-fired power. The plant in North Yorkshire is EDF’s only remaining coal-fired power station & is…
Read More

National Grid acquires £7.8bn Western Power Distribution

National Grid acquires £7.8bn Western Power Distribution: National Grid has reported the £7.8 billion take over of Britain’s biggest electricity distribution business, Western Power Distribution (WPD). The purchase from PPL Corporation is predicted to permit the group to make a ‘strategic’ portfolio repositioning. The company also said, in the second half of this year, it…
Read More

In February 2021 energy switching saw an 18% decrease

In February 2021 energy switching saw an 18% decrease: Compared to the same period February 2020, an 18% decrease in energy switching occured in February 2021. Figures imply that 457,447 customers moved to a new supplier in the last month, this is according to Energy UK’s figures. As of February 2020 it is compared to…
Read More
Susceptibility of GB markets to LNG volatility may rise

Susceptibility of GB markets to LNG volatility may rise

Susceptibility of GB markets to LNG volatility may rise: Liquified Natural Gas (LNG) prices and demand have enjoyed unprecedented momentum in recent months, with Asian spot LNG prices reaching an all-time high of 211.94p/th on 15 January. However, LNG’s recording break run has ended in the last few weeks, with prices having fallen significantly. In…
Read More

From April SSE Airticity increases energy bills

From April SSE Airticity increases energy bills: It has been announced that as of the 1st April 2021 SSE Airtricity is set to increase in the standard household energy prices. The standard price of gas will increase by 4.5% per week while the standard price of electricity will rise by 6.2% per week. The typical…
Read More

Lowest carbon electricity in UK hits record in 2020

Lowest carbon electricity in UK hits record in 2020: Low carbon electricity generation grew to a record high of 57.5% in the last year. Bioenergy, wind and solar recorded improved varying between 5% and 20%, this is according to official BEIS figures. At an equivalant time, gas provided 40.6% of electricity generation and nuclear 19.3%…
Read More

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…
Read More
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…
Read More
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…
Read More
Menu