Update On The Power Market For 28th August 2015
UK gas and power prices have changed little since they reached their annual low last week (17.08. – 23.08.2015). This is due to a good current supply as well as a low summer demand. What also prevents prices from increasing is the good supply of LNG. In August, a total of nine tankers of LNG […]
Update On The Power Market For 21st August 2015
UK gas and power prices have reached their new annual low after slightly recovering recently. This is mainly due to importing LNG and a decrease of oil prices. Nevertheless, the supply- demand balance is healthy at the moment. Maintenance work in Norway is cutting UK imports, but at the same time LNG stocks are reduced […]
Impact of MEES on lease negotiations
Minimum energy efficiency standards (MEES) will influence lease negotiations under the Landlord and Tenant Act 1954 (the “1954 Act”). By now measures, which improve the environmental sustainability of buildings are included automatically in commercial leases. With the introduction of MEES, this issue might begin again for renewals under the “1954 Act”. However, some hurdles may […]
Update on the Power Market for 14th August 2015
China has devalued its currency, the Yuan, therefore meaning that the cost for imported crude oil for China has increased. Due to China being one of the world’s largest energy consumers it will affect prices across the global energy market. There are still economic concerns around Greece which is further adding to the weak price […]
New requirements for Display Energy Certificates
Since the Energy Performance of Buildings regime came into effect in January 2013, the requirements for EPCs (Energy Performance Certificates) and DECs (Display Energy Certificate) have changed; all former regulations relating to EPCs and DECs are no longer in force. On 9 July 2015 another change came into force. Changes had to be made due […]
Residential Energy Storage
A ‘Certificate of Sustainability’ has been awarded to the Megellan Residential Energy Storage System (RES1), meaning it has been approved for use by Western Power (Western Australia utility). The RES1 is a system that has been designed to store solar power produced during daylight hours for use at night. The system involves a 5kVA […]
Electricity and Gas Weekly Market Update for 22nd June 2015
Electricity and Gas Weekly Market Update for 22nd June 2015 We are expecting quite a comfortable week for the energy market. With regards to supply, we are expecting to receive a LNG cargo which is the first was have seen for a few weeks. With regards to supply, temperatures are supposed to increase above seasonal […]
Energy Related Products (ErP) Directive 2015
As of September 2015, new legislation will come into effect, the Energy Related Products (ErP) Directive. It has been designed to help the EU meet its target of reduce energy consumption by 20% by 2020. To do this, the directive will dictate minimum efficiency standards for all space and water heaters, employing the same energy […]
Changing Regulations: Construction Design Management
As of April 2015, the Construction Design Management (CDM) Regulations 2015 replaced the 2007 Regulations as the old regulations were not in complete compliance EU Directive 92/57/ECC. CDM Regulations govern the management practices in place to protect the health and welfare of workers, occupants and the public from design stage through to post construction. For […]
EU phase out of Halogen lighting
The European Commission have recently proposed that its plan to completely phase-out D-class halogen lamps by 2016 should be postponed by two years, bringing it to back to 2018. This has subsequently been agreed by EU Member States and will now go ahead. The EC have specified that by switching from halogen lamps to LED, […]
Sustainable Ventilation
In order to achieve increased levels of sustainability, improved air tightness can be effective, through minimising heat loss. The need for this improvement in ventilation systems within new, more sustainable housing has been reiterated through Building Regulations Parts F and L. These regulations are pushing for more sustainable solutions to create more energy efficient homes. […]
Electricity & Gas Weekly Market Update For 25th May 2015
Gas Gas prices have lowered in the last week, breaking out of the long-standing range they traded in since mid-March, hovering below the April support levels. The market waits to see if prices will move to test the January lows. Flexible storage and an influx of LNG has had its effect on the gas market, […]
Renewable energy sectors in Europe and US increase
The European electricity industry association EURELECTRIC states that in 2013 over half of the electricity generated came from low carbon sources. In 2012, the share of renewable electricity in Europe was 24%, whilst in 2013 it was already 27%. This contributed to fewer emissions in Europe. But there are not only advantages, the European power […]
Rise of global energy demand
The 2015 BP Energy Outlook 2035 predicts an average rise of 1.4% in global energy demand a year, which is 37% from 2013 to 2035. This growth is mainly driven by China and India. According to the Outlook, the global energy demand growth is not uniform. E.g. in the EU the energy consumption declines. Furthermore, […]
Energy efficiency in the UK
According to the Department of Energy and Climate Change (DECC), the UK energy efficiency improves year on year. Energy efficiency is measured as energy consumption per unit of economic output. The GDP grew about 2.6% in 2014 while the energy ratio (a measure of energy efficiency) fell by around 5.6% between 2013 and 2014. But […]
The Five Key Pillars for ‘Energy Union’
Currently, the EU imports 53% of its energy and six EU Member States are totally reliant on Russia for gas imports, so President Juncker’s European Commission (EC) unveiled its Energy Union strategy in February. There are five pillars to be named: a solidarity clause, the free flow across energy borders, energy efficiency before supply, transition […]
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