Below is this week’s summary. It should be a one minute read relevant to UK energy with links to documents for those who wish to read more.
(Click a bullet point to open the relevant article)
Tuesday – 14th May
- In the ongoing US-China Trade War, China has increased tariffs on US Liquid Natural Gas from 10% to 25%. China is expected to overtake Japan as the world’s biggest customer of LNG during the next few years.
- A view of the increased tariffs by China, for US Liquid Natural Gas: Russia will fill the gap. Russia plans to increase LNG production from 57 million tonnes per year to 70 million tonnes per year by 2030. Russia produced zero LNG a year and a half ago.
Wednesday – 15th May
- UK is 8th most attractive nation for investing in renewable energy according to new Ernst and Young report. China has the top spot. USA is second. France: 3rd. Germany: 6th. Offshore wind investment buoys UK position.
Thursday – 16th May
- BBC coverage of UK Labour Party announcement of policy to re-nationalise the national grid for gas and electricity in the event of winning a General Election and forming a Government.
- This is a link to the full document from the UK Labour Party. I’m interested to hear thoughts from members of this group.
- A BBC article summarising history of UK household gas and electricity consumption and bills since privatisation. Item includes graph below showing how energy bill is broken down. “Supplier pre-tax margin” is profit: Looks like about 4%.
Saturday – 18th May
- UK solar electricity generation broke previous record for peak generation twice in 2 consecutive days during the week. Brief periods around 9.5 GW broke previous record of 9.4 GW achieved in 2017. UK power demand at the time was around 35 GW.
- The Guardian take on the shock election result in Australia which contradicted all the polls: “It was billed as the climate change election and the climate lost”.
Sunday – 19th May