This Pixie Chart of the week compares the source of heating fuels from four European nations with the UK. Each country has a different starting point, challenges and opportunities based on their fuel use and social and economic factors. However, they are all still looking to significantly decarbonise over the next three decades.
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Related thinking
Commercial and market outlook
Patriots ‘Dynasty’ off to a rough start, as New England suffers loss to the MLFs…
For many, the first of April is marked in calendars as a day for jokes and silly nuisances. For the few, specifically the energy industry, we have it pencilled in for the release of the upcoming year’s Marginal Loss Factors (MLFs). Over the last half-decade, movements in MLFs have received...
Energy storage and flexibility
Now we’re peaking with gas: how much evening NEM demand could be replaced with batteries?
The events leading up to the recent market suspension in June have highlighted the role that peaking gas-fired generation plays in satisfying demand and setting prices across the NEM in the morning and evening peak periods. The team recently explored some of the drivers and effects of these events in...
Commercial and market outlook
Australian gas prices have recently coupled with European spot. Will linkage persist post-2023?
Last year it was difficult to imagine that spot gas prices in Australia would hit unprecedented levels of more than $40-50/GJ, with AEMO capping the DWGM price at $40/GJ. By comparison, the DWGM only averaged $5.10/GJ last year. As was mentioned by Energy Market Intelligence Manager Mohsin Ali in the...
Power and gas networks
Australian gas markets spike to unprecedented levels
Australia’s gas markets are in the middle of an unprecedented price spike. Current prices in the Victorian Declared Wholesale Gas Market (DWGM) have been tracking in the $20-40/GJ range since early May 2022, with prices hitting $50/GJ on 30 May. Prices in the other gas hubs of Sydney and Brisbane...
Home supply and services
“The more [retailers] we come across, the more problems we see”
Thirty-one retailers have gone bust since the start of 2021 in the UK. At least one of those entities has a subsidiary in the Australian market (having yet to acquire any customers, according to the most recent AER and ESC data). In this Chart of the week, we take a...
Commercial and market outlook
Renewables share steadily increasing in European heating and cooling
In this week’s ‘Chart of the Week’, we look at statistics published by Eurostat, the statistical office of the EU, showing that the share of renewables in heating and cooling is steadily growing.
Commercial and market outlook
Germany to step up climate action
The German Economic Affairs and Climate Action Minister Robert Habeck recently presented a review of Germany’s current climate action status detailing both climate targets in various sectors and the expansion of renewables and the power grid. However, the minister stated that climate action in Germany is currently below expectations, with...
Commercial and market outlook
The Victorian story of gas demand segments
The Declared Wholesale Gas Market (DWGM) prices in Victoria have been on a rising trend since the start-up of LNG exports in 2015. Is this trend sustainable, given the Gas Statement of Opportunities (GSOO) forecasts an improved gas supply outlook with the new Port Kembla Gas Terminal (PKGT) expected to...
