Topic: Energy

The energy companies? Our central bankers and Treasury representatives? Or both groups? In America, prices fell in April, led by reductions in the cost of fuel and other energy. From The New York Times: -"Consumer prices over all fell in…

Some friends of mine in the energy sector have been excited by a new report by Dan Lewis on Securing Our Energy Future. This report does indeed make some excellent criticisms of current energy policy, but I'm afraid it does not follow (as…

These programmes¹ are examples, like the EU-ETS, where government intervention hands commercial advantage to the VILE (Vertically-Integrated Large Energy) companies, to little beneficial effect. The VILE companies point to the fact that…

The All Party Parliamentary Group On Peak Oil (APPGOPO) has released a report backing Tradable Energy Quotas (TEQs) as "the fairest and most productive way to deal with the oil crisis and to simultaneously guarantee reductions in fossil…

There are lots of good arguments for a carbon tax. Trust -The Economist- to come up with a bad one. "A tax on carbon is hardly going to stop the lights going out in a few years, but it would provide a floor price for power, giving investors…

Speaking of the IEA (see previous post), Richard Wellings, their excellent Deputy Editorial Director, has posted a piece on their blog, on the recent slew of climate-change policies and targets from the Government. It is mostly well-judged…

According to David Kidney, Energy Minister with responsibility for fuel poverty, the Government has -"spent £20 billion helping people in fuel poverty since the year 2000"- (it's near the end of the interview). At 3.5 million, the number…

For connoisseurs of government tripe on energy and the environment, the last couple of days have been like a banquet. The releases of the UK Low Carbon Transition Plan, the Low Carbon Industrial Plan, the Carbon Reduction Strategy for…

There is much talk in energy circles of the "capacity gap" - the shortfall between operating capacity and demand that may arise as a result of the imminent closure (mostly within 6 years) of many of our coal-fired and nuclear power stations…

Fingers have been pointed in the direction of many different culprits for the critical condition of our economy. I am surprised that they have not been pointed more frequently at Sir Callum McCarthy. We don't need to swab him for gunshot…

On the front page of today's FT is the headline: "Osborne warns of big spending cuts to come". But in a speech yesterday, he announced 10 measures that should be implemented in the Budget to "kickstart a green recovery". Just his first…

We know that what follows is typical of how they see the world, but rarely do we see it spelt out so clearly. In the recently issued consultation on a Heat and Energy Saving Strategy, the Government details (p.13) "What we have already…

For numerous reasons (some set out on other posts on this site), heat is a huge, vital, yet ignored sector of our energy systems. It is responsible for nearly half the carbon emissions from the energy sector. It is the reason we are so…

Attention focused on the renewables component of Obama's stimulus plan today. But the Americans aren't the only ones using the credit crunch as an excuse to plough vast sums of public money into their pet projects. The European Commission…

Prices in the EU Emissions Trading Scheme (EU-ETS) have hit new lows in Phase 2 (just over €10/tCO2). The mechanism became worthless in Phase 1. It looks likely to do the same in Phase 2 (as some of us predicted). It is not providing…

I've been beating a fairly solitary path on this for a while, and in the process making myself unpopular with the major players in the electricity industry (which provides another clue to the huge rent-seeking potential of cap-and-trade…

My policy of paying no attention to the news had been going well, and then the boss decided that we simply had to respond to an article in -The Times-. So it's temporarily back to banging my head against a brick wall, as you may have…

The Institute for Paternalism, Protectionism and Regulation today published a report on Energy Security. It is, in the most part, a rehashing of received wisdom, without understanding or insight, but one phrase in the Executive Summary…

The Government thinks that we should be using energy more efficiently. They are right. So guess which sector increased its consumption of electricity the most in Europe between 1999 and 2004. Industry? Households? No, it was the "tertiary…

One of the things that made me laugh in the BBC's typically-rigorous reporting (I think in last night's Newsnight) of the proposed EU reform treaty was the claim that the extension of Qualified Majority Voting would bring benefits such as…

David Miliband has prepared (with the help of Alistair Darling and some big businesses) a manifesto for the development of the EU Emissions Trading Scheme (EU-ETS) after 2012 (Phase 3). He has circulated it to trade associations and big…

The government is determined to force home owners to pay more than £200 for a green energy certificate when they put their house on the market. HIPs (Home Information Packs) which will be obligatory from June this year, will rate houses…

The major power cut that affected millions of people in Europe - in Germany, France, Italy, Austria, Belgium and Spain - has caused many high profile politicians to call for a new European power authority. For example, Romano Prodi said…

Some of the easiest carbon savings that could be made are to be found in our houses. Britain's houses are famously inefficient, belching heat (and therefore carbon) into the sky. Though the government believes it can tax people into…