The EU is trying to improve its energy security by building more infrastructure to facilitate gas imports, but the concentration of its gas suppliers keeps increasing, write Stefan Bößner and Douglas Fraser of the Stockholm Environment Institute. According to Bößner and Fraser, it makes more sense to shift the focus of EU energy policy to creating a low-carbon energy system. That will not only help Europe meet its climate targets, but also … [Read more...]
70% of oil and gas companies have been hacked – and the threat is growing
A survey from Siemens with the Ponemon Institute shows that most oil and gas companies were hacked last year, writes Judy Marks, CEO of Siemens USA. Data is being compromised and supplies are getting stolen, but most companies are still not taking adequate action. Marks explains how companies may protect themselves. … [Read more...]
Exclusive – Klaus Shäfer, CEO Uniper: “Security of supply is too important to leave to the market”
The market on its own cannot be relied upon to deliver secure electricity and gas supplies, says Klaus Schäfer, CEO of Eon-spin-off Uniper, in an exclusive interview with Energy Post. According to Schäfer, it will become “dramatically more difficult” to balance the power market as the share of renewables increases. He also sees the gas market becoming “more and more complex” and argues policymakers should establish minimum requirements for gas … [Read more...]
The $200 billion fossil fuel subsidy you’ve never heard of
In the United States, the official “social cost of carbon” (SCC) enters into many rules and regulations, such as fuel economy standards. According to Amir Jina, the SCC, which currently is calculated to be $36 per ton, shows that the U.S. fossil fuel sector gets $200 billion a year in hidden subsidies. The government should use the SCC to increase the carbon price, argues Jina, but the Trump administration is hardly inclined to do so. First … [Read more...]
Can UK power market reform replace the capacity market?
The UK has just completed another auction for a large amount of backup power capacity. The country’s capacity market scheme will cost ratepayers many billions of pounds. Independent consultant Gerard Wynn wonders if they are really necessary. … [Read more...]
China’s renewable energy revolution continues on its long march
In one year China added almost as much generation from renewable power as Germany’s total renewable energy generation, according to the end of January statistics for 2016 by the National Energy Administration of China and the China Electricity Council. Yet the country’s electricity supply still relies strongly on coal, notes Simon Göß of Berlin-based consultancy Energy Brainpool. … [Read more...]
Wake-up call: production of Dutch small gas fields headed for collapse
Partly as a result of policy neglect, production from small gas fields in the Netherlands has dramatically declined in recent years, a fact that so far seems to have escaped public notice, writes Jilles van den Beukel. Dutch gas is effectively being replaced by Russian gas, he notes. According to Van den Beukel, this is not in the best interest of the Netherlands or of the EU, neither from a financial nor from an environmental point of view. He … [Read more...]
Carbon Tracker: no growth for oil and coal from 2020, gas can flip-flop
Falling costs of electric vehicle and solar technology could halt growth in global demand for oil and coal from 2020, finds a new report co-authored by the Grantham Institute at Imperial College London and the Carbon Tracker Initiative launched on Thursday. The future of natural gas is highly uncertain in this new scenario analysis. … [Read more...]
BP’s Energy Outlook: between forecasting and advocacy
BP’s new Energy Outlook predicts ever-growing demand for oil and gas, and rising emissions that would take the world well beyond 2°C of warming. According to Greg Muttitt, Senior Advisor at NGO Oil Change International, previous Outlooks do not provide much confidence in BP’s projections, but it clearly helps BP if decision-makers believe that’s what the future holds. It looks like the forecasting value of BP’s Outlook is undermined by its use as … [Read more...]
Gazprom plays ball: the depoliticization of the European gas market
Gazprom’s gas supplies to Europe and Turkey reached an all-time record in 2016. This might suggest Europe is becoming more dependent on Gazprom, but according to Danila Bochkarev, Senior Fellow at the EastWest Institute, the Russian company gained market share by playing by the rules of the market. The European gas market is finally becoming depoliticized. … [Read more...]
France can’t meet its own power demand
France was heavily dependent on power imports from Germany during the first cold spell of this winter, despite the fact that most of the country’s nuclear reactors are back online, writes Craig Morris from the Energy Transition blog. As the US is now also investigating 17 nuclear reactors with parts from reactor producer Areva, just rescued by the French state, it shows the perilous state the French power sector is in. Courtesy Energy Transition. … [Read more...]
Turning point: solar cheaper than wind
It was bound to happen, and apparently it has: utility-scale solar-generated power, certainly in sunny parts of the world, appears to be cheaper than wind and both are cheaper than fossil-fuel generated power, writes Fereidoon Sioshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. … [Read more...]
U.S. energy under Trump
Today’s presidential inauguration will trigger the biggest policy and regulatory shift for the US energy industry in at least ten years, writes Geoffrey Styles, Managing Director of independent US-based consultancy GSW Strategy Group. That’s how long it has been since energy policy was set by a Republican president and Congress. Donald Trump is a different kind of Republican, though, and his goal does not seem to be a return to scarcity and high … [Read more...]
What is holding renewable energy back?
For all the enthusiasm about renewables, there are glaring weaknesses being overlooked, writes Todd Royal, an independent strategic consultant, researcher and author based in southern California. According to Royal, for renewable energy to truly break through numerous obstacles such as costs, back-up generation power, storage, and – above all – grid modernization will need to be solved. Article courtesy of OilPrice.com. … [Read more...]
The geopolitics of energy: renewables are not in the race yet
At the Atlantic Council’s Global Energy Forum in Abu Dhabi on 12-13 January, oil executives, Middle Eastern energy ministers and experts in the geopolitics of energy came together to discuss the geopolitical implications of “the energy transformation”. Yet no one presented a vision of what a new global order, based on renewable energy, would look like, writes Karel Beckman, Energy Post’s editor-in-chief. The oil players all embrace renewable … [Read more...]
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