Without Hinkley Point C, the potential to have a real and considered debate about the future shape of the electricity system has loomed into view, writes Bridget Woodman, Course Director, MSc Energy Policy, at the University of Exeter. According to Woodman, the UK government’s decision to delay a final go-ahead on the project makes it possible to start debating the sorts of options being considered widely around the world, with measures to … [Read more...]
Archives for August 2016
As Hinkley Point C put on ice: the UK needs to get over energy megaprojects
The UK needs to get over the idea that megaprojects are the solution to everything, writes David Elmes, Head of Warwick Business School Global Energy Research Network. As the traditional investors in British oil, gas and electricity look smaller and less able to take on large projects, the UK needs an industrial energy strategy centred on a mix of smaller and larger projects. Courtesy of The Conversation. … [Read more...]
Oil price downturn sets markets up for dramatic price spike
Another oil price downturn threatens to deepen the plunging levels of investment in upstream oil and gas production, which could create a more acute price spike in the years ahead, writes Nick Cunningham of Oilprice.com. Analysts are not expecting a rebalancing of the market until 2018, but according to Cunningham, the swing from surplus to deficit could be more dramatic than many think. … [Read more...]
Higher natural gas prices ahead in US after record demand and lower production
Gas production in the US is falling for the first time in years. At the same time, the US power sector is burning more natural gas than ever. This means gas prices are likely to rise this coming winter, writes Nick Cunningham of Oilprice.com. … [Read more...]