Monthly Archives: October 2010

Scottish & Southern to hike UK gas prices on the 1st December

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British utility Scottish & Southern Energy will hike household gas prices by
9.4 percent this winter, responding to sharp rises in wholesale gas prices.

The company said the increase on Dec. 1 would push up the typical annual gas
bill by 55.68 pounds to 650 pounds ($1,035) and affect about 3.6 million
customers, piling more pressure on consumers grappling with big government
spending cuts.

“The last few months have been marked by rising wholesale gas prices and,
having absorbed losses in our gas supply business for some time, we can not
delay an increase in retail prices any longer,” Alistair Phillips-Davies,
energy supply director at SEE, said in a statement on Friday.

Phillips-Davies said he was sorry the price increase would take place during
winter but noted that wholesale gas prices had increased over 25 percent
since SSE last implemented price changes in March 2010.

http://af.reuters.com/article/energyOilNews/idAFLDE69S0OY20101029

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The Promise of Fusion Power

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It has been called the holy grail of energy technology; a perfectly clean
source with an unlimited supply. Nuclear fusion has been demonstrated to be
possible, but converting it to a viable energy source remains technically
elusive. However, research on making fusion energy reality is in progress,
and there are some who are convinced that there will be a day when this free
and abundant source will arrive.

Our current nuclear technology, fission, is the breaking of the atomic
nucleus, which releases massive amounts of energy. For a fusion reaction,
the nuclei of two atoms fuse together to form a heavier nucleus. The
resulting release of energy is incredibly large. To put it in perspective,
fusion is the power of the sun, a force strong enough to heat a planet that
is 93 million miles away.

The fuels for a fusion reaction are the hydrogen isotopes, deuterium and
tritium, which are abundantly found in seawater. Experts estimate that there
is enough deuterium in seawater to last practically forever. Riccardo Betti,
professor at the University of Rochester’s Laboratory for Laser Energetics
and a leading expert on nuclear fusion, believes that the deuterium found in
one cubic kilometer of seawater is equivalent in terms of energy to the
entire world’s oil supply.

http://www.reuters.com/article/idUS29642007320101026

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Co-op hits out at Spending Review changes to carbon reduction scheme

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The Co-operative Group has expressed disappointment over the changes to the
Carbon Reduction Commitment (CRC) energy efficiency scheme, which it said
has effectively turned into a new business tax.

Under the original scheme, participating organisations have to buy
allowances based on their level of electricity usage, with all revenue
raised to be recycled to businesses. Those who performed the best in
increasing energy efficiency would have received a higher share of this
money.

However, in last week’s Spending Review, the government said it would be
taking these revenues “to support the public finances”. In addition, the
first allowance sales for 2011-12 emissions will now take place in 2012
rather than 2011.

“Revenues from allowance sales totalling £1 billion a year by 2014-15 will
be used to support the public finances, including spending on the
environment, rather than recycled to participants. Further decisions on
allowance sales are a matter for the Budget process,” the government said.

The Co-operative Group said it felt it was being penalised as it had planned
to reinvest the revenue into the business.

http://www.cio.co.uk/news/3246097/co-op-hits-out-at-spending-review-changes-
to-carbon-reduction-scheme/

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First Utility started rolling out energy-efficient smart gas and power meters across Britain on Wednesday

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First Utility started rolling out energy-efficient smart gas and power
meters across Britain on Wednesday, becoming the first UK energy provider to
do so, the independent utility company
said.

“Households across the UK can now take advantage of the benefits that smart
meters bring — from increased visibility of their energy usage through to
accurate bills,” Chief Executive Mark Daeche said.

Smart meters — which supply real-time energy usage data to the energy
provider and customers — are seen as the first step in developing a smart
power grid to help balance the installation of intermittent renewable
electricity generation.

http://uk.reuters.com/article/idUKTRE69Q2BO20101027

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UK smart meter roll-out set to be most expensive in world

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Smart meter deployment in the UK is set to be the most expensive in the
world, according to new research.
Business information service Datamonitor released a report today that said
the global smart metering market
for residential customers is set to reach £3.6 billion by 2015 – a 350 per
cent increase from 2009. But it said the roll-out of smart metering
deployment in the UK would in some case cost double what it would in other
territories. “The UK solution looks very expensive compared to, say, France where ERDF
expects to drive down the cost of its meters to £28-£30. The equivalent
figure for the UK’s meters is around £57,” said Jon Lane, energy director at
Datamonitor.

The higher costs are down to the sophisticated nature of the UK smart meter
system, according to Datamonitor. It said the roll-out would involve
multi-utilities with a central communications provider to collect and
provide metering data to market participants and a centralised procurement
programme to deliver economies of scale.

“All of this makes the UK’s smart metering programme expensive. All-in costs
including gas meters were originally estimated at £136 per household but the
more recent decision to fit modular meters may push up the cost further,”
said Lane.
http://www.greenwisebusiness.co.uk/news/uk-smart-meter-rollout-set-to-be-mos
t-expensive-in-world-1889.aspx

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Isle of Grain LNG terminal will receive a liquefied natural gas cargo from Qatar this week

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The U.K.’s Isle of Grain LNG terminal will receive a liquefied natural gas
cargo from Qatar this week, AISLive data shows. The Al Huwaila, which can carry 214,176 cubic meters of the fuel cooled to a
liquid, will arrive at the terminal east of London on Oct. 31, according to
the data. The Isle of Grain can import 9.8 million tons of LNG a year. Centrica Plc,
GDF Suez SA, Algeria’s Sonatrach and BP Plc have import capacity at the
port. http://www.bloomberg.com/news/2010-10-26/u-k-s-grain-to-receive-lng-cargo-oc
t-31-aislive-data-show.html

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UK Gas Prices Ease on First LNG Diversion from France

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British gas prices eased across the board on Tuesday as supply from Norway
was strong and French port strikes raised the likelihood for more liquefied
natural gas (LNG) cargo diversions to Britain, traders said. The BW Suez
Everett LNG tanker which was destined for Montoir in France has been
diverted to Britain’s Isle of Grain terminal.

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