As competition between Europe, the US and Asia for natural gas supplies heats up, gas producers without the ability to export gas via pipelines are taking advantage of the demand and shipping liquid natural gas (LNG) to gas hungry markets. In fact, demand for LNG is so great that shipments at sea have been diverted… Continue Reading »
Read More →The first mobile phone-style energy tariff that locks-in customers for 12 months has been launched. It follows the decision in August by Ofgem, the energy industry regulator, to allow suppliers to prevent customers from switching away for up to a year. Previously, suppliers could only insist on locking customers in for a maximum of 28… Continue Reading »
Read More →UK utility Scottish and Southern Energy has announced that it has made a further investment of GBP1.1 million in renewable energy firm Solarcentury Holdings, bringing its total interest in the firm to 12.3%. Scottish and Southern Energy’s (SSE) further investment forms part of a new GBP13.5 million round of financing that will enable Solarcentury to… Continue Reading »
Read More →According to new a research report from the analysis firm Berg Insight, the number of smart electricity meters will exceed 60 million in Europe by 2012. This will mean that one in four consumers will receive electricity bills based on their actual consumption and gain immediate financial benefits from energy savings. The report identifies rising… Continue Reading »
Read More →What can you do for you and the planet at the same time. The future’s bright, the future’s green? The chances of you reading about ‘Climate Change’ on a daily basis are fairly high these days. After all, the subject seems to dominate the headlines (although it hasn’t yet been linked to the stock market’s… Continue Reading »
Read More →Gaz de France has agreed a deal to develop salt caverns in north-west England into a huge underground gas storage facility that should help ease concerns about the security of the UK’s energy supply. The £350m project, being developed with chemicals firm Ineos, involves pumping water down boreholes to dissolve salt deposits and then pumping… Continue Reading »
Read More →Electricity prices are being pushed higher for some customers as former monopoly suppliers impose a ten per cent “loyalty tax”, a report by uSwitch.com finds today. Companies that formerly operated as regional electricity boards still hold 53 per cent monopolies in some regions and are able to imposed £32 levies on customers, according to the… Continue Reading »
Read More →Royal Bank of Scotland-owned Southern Water is expected to be the subject of a 4 billion takeover battle this week, the Mail on Sunday reported. Bidding ahead of Friday’s first-round deadline has been more competitive than expected, bankers told the paper. It said investment banks and infrastructure funds were among those interested.
Read More →A Smart meter device designed to help people better manage their use of energy has been launched by a South Wales company. The technology can be fitted to old-fashioned meters by anyone and provide information on energy and water consumption via the internet. Cwmbran-based C+G Management has developed its Meter Mimic system which features an… Continue Reading »
Read More →Under fire electricity supplier Opus claims to be the first energy firm to install energy-saving Smart Meters for free to its small business customers. Opus said it will spend £5m rolling out Smart Meters at all outlets that want them from September. Smart Meters allow energy suppliers to access meter readings remotely. It comes as… Continue Reading »
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