Latest news
UK to withdraw the ban on shale- gas exploration
Ed Davey, Energy Secretary, has announced that exploration works could now continue in the county, allowing Cuadrilla Resources Ltd. to resume operations in Lancashire, which was halted in 2011 when the test-drilling caused two minor earthquakes in northwest England.
read more... 13/12/2012
E.ON- the last of “the big six” to increase energy prices
E.ON, UK's second-largest energy supplier with six million customers, is planning to raise gas and electricity prices next week, blaming wholesale, transmission and social scheme costs.
read more... 11/12/2012
Daily: UK gas hits 10- month high on increased heating demand
Brent and U.S. crude futures declined on Wednesday on pessimistic economic data from the euro zone and as the U.S. increased concerns about demand for oil. Meanwhile, Brent January crude dropped $1.03, or 0.94 percent, to settle at $108.81 a barrel, having traded from $108.65 to $110.57. U.S. January crude dropped 62 cents, or 0.70 percent, to settle at $87.88 a barrel, having traded from $87.46 to $89.05.
read more... 06/12/2012
Daily: UK gas prices climb on increased demand for heating
Front-month Brent and U.S. crude oil futures increased in November by 2.3 and 3.1 percent respectively, backed by concerns that the unrest in Middle East could lead to supply disruptions. Meanwhile, Brent settled at $111.23 a barrel on Friday, trading up 47 cents on the day and the front-month contract ended October at $108.70 a barrel. U.S. crude climbed 84 cents to settle at $88.91 a barrel, while the front-month contract ended October at $86.24 a barrel. The month of November marked the first monthly gain for U.S. oil since August.
read more... 03/12/2012
UK unveils challenging proposals to reduce electricity demand by 10%
The UK government is expected to publish today proposals to reduce electricity demand across the whole UK economy, a move designed to save money through lower bills and cutting down the need for new generation capacity.
read more... 29/11/2012