As the Covid-19 pandemic enters its sixth month, we are starting to get more data on the impacts that efforts to contain the disease have had on the global economy. Much has already been stated about the fall in energy demand globally caused by the lockdown of world economies. The fall in oil prices – […]
A crazy week in UK power. But will the madness return this winter?
In recent days, UK power has been a crazy energy market to trade in. Late in the day on 14 September, a 50MW, £105.00/MWh front-week trade – a transaction worth nearly £900,000 – was down almost 10% at £95.00/MWh, £100,000 wiped off its value, within just 35 minutes. In terms of jaw-dropping potential, this was […]
Take the city of Oxford to space, and other things you can do with the £33bn Hinkley Point subsidy pot
Energy news, often confined to the inside pages of UK national newspapers, led the front pages last week when the British government stunned French state-owned firm EDF by announcing a review of the contract underpinning the giant Hinkley Point C nuclear power plant. When discussing our coverage with ICIS colleagues, we made a back-of-the-envelope calculation […]
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