Look at the residential electricity (purple) lines. Having a renationalised electricity supplier doesn't shield you from European energy crisis costs, it just allocates them differently.
European gas prices have been marching upwards in recent days (largely against mine and I would charitably say a fair few analyst's expectations). Obviously a few reasons (Norwegian shutdowns slow to finish, N.African pipeline slow) but look, totally normal conditions where most US LNG comes from:
Spain (and Portugal by market integration), is currently sitting in a world class energy position: absolutely rampant renewable deployment and *masses* of spare LNG import infrastructure to pick up cargoes whenever they are cheap. Best of both worlds.
I've just discovered 'starter packs' on here and I mean the lack of Nazis is nice compared to Twitter, but starter packs are a game changer innovation.
The shutting down of Ratcliffe (yay) means a first* edition of: things that grind Tom's gears. Today it is the phrase "the UK is reliant on imports" cropping up in media articles in response to decomming an old coal plant. Let's explore why it annoys me. *If you follow on X, many editions exist
I've posted a lot over at the other place over the last two years about how 'last mover disadvantage' should take over at this point of the energy transition. Plenty of action from the Shells, BPs, Exxons etc, but now Aramco really going for it too: www.ft.com/content/1d18...
Oil price falls as kingdom prepares to raise output from December
Who wants to tell me what the hell happened to gas prices at around 1pm, because I don't have a clue. 10% price drop in about 15 minutes.
Great article. Love the phrase of considering capital as the "fuel" in renewables development and viability. heatmap.news/economy/fede...
Let’s run some numbers.
I realise gas prices jumped yesterday (the quite mad geopolitical stuff in Lebanon kicking into trading algos?) but as an update to my below post, Norwegian maintenance definitely receding on schedule. Markets soon to be in 'where the hell are we going to put this gas' mode.
Later this week I will officially become an EV driver. Does anyone know when the welcome ceremony typically happens after delivery? I assume it involves trumpets, a marching band of sorts, maybe a poem read by Greg Jackson? I suppose I'll have to notify the neighbours about the noise.