Power and gas networks

  • Power and gas networks

    Australian Chart of the week | Correlation does not imply causation: the story of GPG demand

    “Gone are the days of $4/GJ gas”. This is a phrase that many following the Australian energy markets have heard numerous times and believed to be true since the advent of the Liquified Natural Gas (LNG) industry in Queensland. For years, this phrase held true with the gas spot price...

  • Low carbon generation

    Chart of the week | Is energy on Santa’s Negative List? New trends for GB power markets

    On 9 December, the UK experienced a negative day-ahead trading price for the first time, with prices for 03:00AM to 04:00AM UTC delivery on the hourly day-ahead auction dropping to -£2.84/MWh.   In this week’s Chart of the Week, we take a look at a first for the GB market, negative...

  • Low carbon generation

    Pixie Chart of the week | H2 affordability: electrolyser load factor functions

    The International Renewable Energy Agency (Irena) – an intergovernmental organisation – published its latest report in September: Hydrogen: a renewable energy perspective. The report demonstrates that hydrogen production is only commercially viable at higher load factors, as illustrated in our Chart of the Week. It is also measured against the levelised...

  • Power and gas networks

    Australian Chart of the week | Elephant in the room: the veiled role of gas markets/supply?

    Queensland Liquified Natural Gas exports commenced in early 2015. Historically, prior to this, gas markets in eastern Australia have been relatively stable. Conventional gas fields supplied large industrial users, business/residential – mass market – load as well as gas-powered generators at relatively low prices. In this Chart of the week,...

  • Low carbon generation

    Pixie Chart of the week | IEA demonstrates a future with hydrogen

    This week's Pixie Chart of the Week demonstrates policies directly supporting hydrogen deployment by target application. It also shows the emphasis being placed on hydrogen-based energy solutions in the transport sector (currently minimal). The International Energy Agency’s (IEA’s) latest report The Future of Hydrogen illustrated that the momentum of hydrogen as a fuel is...

  • Low carbon generation

    Chart of the week | Bootstrap Bill: Western Link HVDC & BSUoS

    The Western Link HVDC, aka “Western Bootstrap”, a 2,200MW, £1bn transmission cable was built to help the UK manage the changing nature of energy production. It helps prevent transmission bottlenecks and increases flows into England and Wales by accommodating the increasingly high volume of power generated in Scotland from wind....

  • Low carbon generation

    Chart of the week | LNG displaces gas interconnector imports

    Since February, the UK’s gas interconnector imports are being displaced in the gas supply mix by a surge in LNG imports. Month-on-month the gas supply mix has changed, with interconnector imports and LNG send-out going from 4.6% and 17.0% of total gas supply in February, to 0.1% and 20.6% respectively...

  • Low carbon generation

    Chart of the week | One year on from ‘Beast from the East’

    On 1 March 2018, during ‘Beast from the East’, National Grid issued a gas deficit warning for the first time since the system was introduced in 2012. The warning followed multiple gas supply outages, including South Hook LNG terminal, Kollsnes gas processing plant, and the BBL interconnector. This resulted in...

  • Low carbon generation

    Chart of the week | Will LNG continue to steer the UK gas market in 2019?

    The historically close relationship between oil prices and European gas contracts has been eroding in recent years, with the traditional price setting role of oil-indexed Russian gas contracts consequently having a decreasing impact on GB energy markets. In this weeks Chart of the Week we look at how Oil’s influence...

  • Low carbon generation

    Chart of the week | Record LNG deliveries amid dampening Asian demand

    In November, 12 LNG tankers arrived at GB terminals, bringing in a total of 1.2bcm (billion cubic metres) of gas to the system, the highest since September 2016 (1.3bcm). Cargoes arrived from Russia, Qatar, Egypt, USA, Trinidad & Tobago, Peru and Equatorial Guinea, with Russia providing the highest volume at...

  • Low carbon generation

    Chart of the week | Will the wholesale bulls finally run out of steam?

    In light of the continuing running of the bulls, this week’s Chart of the Week offers a wholesale market snapshot. It observes what has been driving recent power, gas and commodity prices. It then seeks to offer an outlook for this bullish momentum. Though the chart shows day-ahead gas and power prices...

  • Low carbon generation

    Chart of the week | Tell Sid – Gas assets for sale

    In a week when Iberdrola is rumoured to be interested in selling 2GW of CCGT in GB. We look at the recent change of ownership in this important segment of the generation market. In 2012, when the process of Electricity Market Reform got underway, the Big Six owned (or in...

  • Low carbon generation

    Chart of the Week | Low EU Gas Stocks Bullish for Summer Prices

    The surge in gas demand across Europe from the very cold sting in the tail end of this winter may only have lasted a matter of days. However, the so-called ‘Beast from the East’ also leaves a legacy of increasing demand for gas this summer and low gas stocks. In...