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Emily Gosden Retweeted
The Times is reporting new analysis by
@CarbonBrief showing carbon intensity of UK grid in 2021 will be close to 2019 levels. Gas and coal burning both up in 2021. Nuclear at lowest level since 1982 and wind down 15% yoy By@emilygosden feat@DrSimEvans https://www.thetimes.co.uk/article/power-generation-in-britain-has-got-dirtier-in-the-past-year-nvs2pwjvb …pic.twitter.com/arRCcRD7aM
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Feb 3: Shell annual results Feb 7: Ofgem hikes price cap Feb 8: BP annual results With oil & gas giants set to report bumper profits and return billions to investors within days of perhaps the biggest energy bill increase ever, calls for a windfall tax are only going to grow…https://twitter.com/dalevince/status/1475717176229351424 …
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Britain’s electricity mix got dirtier in 2021 for the first time in eight years as low wind speeds left the country burning more gas to keep the lights on and demand recovered from the pandemic Thanks to
@DrSimEvans and@NationalGridESO for the datahttps://www.thetimes.co.uk/article/power-generation-in-britain-has-got-dirtier-in-the-past-year-nvs2pwjvb …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Emily Gosden Retweeted
“We’re sleepwalking towards the great energy crisis of 2022” - argues Stephen Fitzpatrick, founder of Ovo Energy, in today’s
@thetimeshttps://www.thetimes.co.uk/article/ccc04186-6688-11ec-b36e-12a90a7c0b99?shareToken=4e7e73d9e311b1ea1a81bf91834596f7 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Emily Gosden Retweeted
GB : Bulb bailout costs may increase by £1bn as administrator opts to run on spot hedging strategy. Bailout bill getting to £3bn just for Bulb ^PHhttps://twitter.com/thetimes/status/1473602003175673857 …
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Emily Gosden Retweeted
Surprised this isn’t making more political waves - Taxpayer bill for Bulb may rise by £1bnhttps://www.thetimes.co.uk/article/52dd996e-629a-11ec-b279-fa13aec304af?shareToken=ddae3bdd11b7ed3df2b7dc68b1556064 …
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Emily Gosden Retweeted
Eek! And for that matter, aargh! Bulb used to be on a short hedge. Now it's reportedly mostly trading at spot prices. This could get very expensive.https://www.thetimes.co.uk/article/52dd996e-629a-11ec-b279-fa13aec304af?shareToken=78bef341b7bce0f3143cd77a655948f3 …
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Emily Gosden Retweeted
The price of energy is a massive issue across Europe, and other Treasuries have responded. Where is the Chancellor on this? It's like we've spotted a live grenade in a room full of people and we've been told to put a pillow over it and cross fingers rather than worry anyone...https://twitter.com/emilygosden/status/1473255941760073729 …
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Energy bills are already set to rise to £2,000/year from April,
@youngmartinc reckons, with next six weeks of wholesale price data yet to feed into that Questions now: How much higher can they go? And what the hell is the government going to do about it?https://www.thetimes.co.uk/article/energy-bills-set-to-hit-2-000-a-year-households-warned-vknvnqhw6 …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Hello again 400p/therm gas
Looks like benchmark UK gas prices have just exceeded October's previously-unthinkable all-time high...pic.twitter.com/fzGRbHYILM
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Brilliant, forensic work by
@CAenergypolicy on a decade of regulatory failings by Ofgem that led to this year’s supplier carnage Collapses set to add £94 to bills from April, on top of wholesale increases. Could see a total rise of 48% to £1,891/year
https://www.thetimes.co.uk/article/households-face-big-rise-in-energy-bills-2fhgm79ff …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Brearley admits that regulation needs to "go much further" with stress tests. Says energy suppliers will either have to hedge responsibly or else show they have sufficient capital to withstand the risks they're taking if not.
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Ofgem boss Jonathan Brearley on the defensive once more at a Lords committee over how so many energy suppliers have failed He says the gas price rise has been an "enormous shock" & all companies are struggling. We have to plan for high prices "being around for the coming months"
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Wow... National Grid and Scottish Power to pay a huge **£158 million** in redress to consumers after a two-year delay to their Western Link cable meant Scottish wind power couldn't be transported to England and Wales and wind farms had to be paid to switch off
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Emily Gosden Retweeted
.
@EnergyUKcomms suggest taxpayer loan to ease cost of energy failures
@emilygosden@thetimes >> https://bit.ly/3lhUklE Comes after gov agreed to provide loan of up to £1.7 billion to fund special administrators operating Bulb as supplier to 1.6m customers collapsed.Thanks. Twitter will use this to make your timeline better. UndoUndo -
BP plans Britain’s biggest green hydrogen facility on Teesside Aiming for 60mw electrolyser capacity by 2025 & up to 500mw by 2030, for use in new hydrogen-powered lorries & other transport All subject to government schemes/subsidies to make it viable… https://www.thetimes.co.uk/article/bp-plans-to-turn-teesside-into-first-green-hydrogen-hub-0wm8pl32t …
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Emily Gosden Retweeted
"An executive of a failed energy supplier who has been hired by Ofgem could have been barred from taking senior roles at other companies under the regulator’s own rules, senior industry figures have suggested."https://www.thetimes.co.uk/article/437c840c-4e05-11ec-9bc6-5abf98655bc4?shareToken=c103ff1a019f6e220049f6f0e8cd9369 …
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(Yes, I have been writing about energy for far too long
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One of the most depressing things about the chaos in the retail energy market and ensuing cost to consumers is just how predictable this was. This story was more than five years ago… https://www.telegraph.co.uk/business/2016/07/09/new-energy-suppliers-could-be-run-like-ponzi-schemes-rival-warns/ …pic.twitter.com/wirL55sa7u
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