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Home2023October

Month: October 2023

Energy Crisis

Europe’s wind power goal hits new snag: security

October 29, 2023 Mariel Alumit

North Sea countries to aim to quadruple offshore wind, security plans vague Most governments say offshore developers should pay for security Developers say states should pay to protect territorial waters As Europe turns to renewable […]

Is Natural Gas About to Become a Buyer’s Market?
Exports

Is Natural Gas About to Become a Buyer’s Market?

October 29, 2023 Mariel Alumit

For the second straight winter, Europe’s energy strategy is based largely on hopes for mild weather and reduced industrial demand, with gas prices still hovering at about 50 euros ($53) per megawatt-hour, more than double […]

Bankruptcy

Tough times ahead for US consumers – strategist

October 29, 2023 Mariel Alumit

Decreasing spending power is signaling trouble for the economy, according to Chris Watling American consumers are facing challenging times, with household spending expected to cool further, Chris Watling, the chief executive of the financial advisory […]

Crude Oil News

Hostile political attitude to North Sea oil and gas threatens energy security

October 28, 2023 Mariel Alumit

Despite the recent high-profile approval of the Rosebank oil field in the North Sea, the picture for domestic oil and gas production remains bleak. The Conservative Government has recently spied an opportunity for re-election by […]

Crude Oil News

Middle Eastern conflicts often lead to high oil prices and recessions

October 28, 2023 Mariel Alumit

Since the appalling attack on Israel by Hamas terrorists on 7 October, oil prices have been volatile. Historically, conflicts in the Middle East have had a major impact on oil prices, from the price shocks […]

Electrical Generation / Utilities

Wyoming Lawmakers To Other States — Pay For Your Own Energy Decisions

October 28, 2023 Mariel Alumit

The Joint Corporations, Elections and Political Subdivisions Committee advanced legislation Friday that would allow the Wyoming Public Service Commission to reject utility companies from raising Wyoming power rates to pay for other states’ energy decisions. During testimony before […]

round
Energy Crisis

CfD auction round failure underscores Government’s wrong thinking on subsidies

October 28, 2023 Mariel Alumit

Earlier this month, the UK Government completed its latest subsidy round for renewable electricity generation – the fifth allocation round (“AR5″) for the Contracts for Difference (CfD”) scheme. And it has widely been seen as […]

US power
Electrical Generation / Utilities

Stabilising US power grids using synchronous condensers

October 28, 2023 Mariel Alumit

Recent posts have explored some of the issues the US power grids are facing as the premature closures of fossil fuel and nuclear power stations are creating problems for security of supply. Something discussed less […]

myth
Energy Crisis

The myth that renewables are cheap persists in part due to the flawed use of LCOE

October 28, 2023 Mariel Alumit

In my latest article for The Telegraph, I revisit the myth that renewable energy is cheap. Predictably, some people have come back at me with “ah but Lazard says renewables ARE the cheapest form of […]

reliability
Electrical Generation / Utilities

FERC directs NERC to draft reliability standards for wind, solar and storage

October 28, 2023 Mariel Alumit

The Federal Energy Regulatory Commission on Thursday directed the North American Electric Reliability Corp. to develop reliability standards for inverter-based resources, or IBRs, such as wind, solar and battery systems. FERC is bolstering standards for IBRs […]

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