Energy news

Energy news

Scottish Hydro-Electric owner Scottish & Southern Energy (SSE) cheered shareholders..

Npower haven't paid a penny in Corporation Tax in the last three years..

On July 31st 2013 Centrica announced that oil and gas profits had increased by 32%..

'Scottish Gas are robbing from the poor to give to the rich.'

British Gas boss, Phil Bentley, left his job in June 2013 with a combined share, salary and pension package worth over £10 million..

Peterhead Power Station.

After insulating the loft, fitting double glazing, switching off TVs on stand-by, choosing direct debit and the lowest tariff, and turning down the heating whenever possible, my own electricity consumption - in particularly cold weather - has risen only 2% over three years. The cost of the Hydro-Electric direct debit over the same period has increased by 32%.

Scottish Hydro-Electric owner Scottish & Southern Energy (SSE) burdened consumers by increasing bills by 9% in 2012, then cheered investors in January 2013 with the offer of an inflation-busting dividend hike. On May 2013 SSE released their financial report revealing a 27.5% increase in retail operating profits year-on-year. In November 2013 SSE shareholders received a £250million payout as tariffs for customers increased by 8.2%.

In April 2013 Ofgem fined SSE a paltry £10.5m for prolonged and extensive mis-selling' and 'failures at every stage of the sales process'. Ofgem do not recommend any compensation deal for wronged SSE customers. The head of Ofgem announced that there's a real chance that Britain will run out of electricity within the next three years, if fuel prices rise to a politically unacceptable level.

Npower haven't paid a penny in Corporation Tax in the last three years. They're funnelling profits made in the UK through a shell company in Malta, dodging £60 million in tax.

Also known as carbon capture and sequestration, Carbon Capture and Storage (CCS) could reduce UK energy costs by up to £45 billion over the next three decades, create thousands of construction jobs and inject £20 billion into the economy. CCS involves capturing harmful waste carbon dioxide from fossil-fuel power plants and depositing the CO2 in a secure structure such as an underground geological formation or disused oil/gas reservoirs.

The two consortiums who are preferred bidders in the UK government’s long-running £1bn CCS Commercialisation Programme Competition have been announced. Projects were scrutinized against criteria including project delivery, value for money and the UK’s timetable to deliver a cost-competitive CCS industry. Peterhead Power Station (PPS) is now one of two final entries left in the Competition.

A modern combined cycle unit, gas-fired PPS will compete for investment for their innovative CCS plant on Aberdeenshire's Buchan coast with the White Rose Project at the coal-fired Drax site in North Yorkshire. The UK government will undertake discussions with bid leaders SSE and Royal Dutch Shell to agree terms for Front End Engineering Design studies, which will last approximately 18 months. A final investment decision will be taken by the government in early 2015 on the construction of up to two projects.

Awarding Peterhead funding will present a valuable opportunity to test technology to cut climate emissions, up to 90% of the gas industry's CO2 emissions. It could fuel Scotland and the UK’s ambitions to lead the world in developing CCS technology. Peterhead Power Station could expand to house the world's first demonstrator of the gas CCS technology from one end of the process to the other. A previous venture for PPS to pioneer CCS floundered in 2007 after BP pulled out, blaming government delays.

As part of a nationwide plan to downgrade coal, gas and biomass generation at five sites over the next year, SSE is to scale back electricity generation at Peterhead in a surprise move they claim is aimed at 'preventing a blackout across Britain'. From March 2014, SSE will cut back the power station's capacity from 1.1GW to just 400MW – smaller than the largest windfarms. The energy giant blames the uncertainty around reforms to the UK electricity market, Government green energy initiatives and 'excessively high' transmission costs that disadvantage stations further north – the same reason that prompted the previous reduction from 1.8GW three years ago. Equally important to its decision is likely to be the high gas price. Together with Scottish Power's recent closure of Cockenzie power station in East Lothian, the plan means that Scotland will have more capacity from renewable electricity than from fossil-fuel-powered stations for the first time, at 5.7GW and 5.4GW respectively.

The plan is to fit post combustion technology to part of PPS. The carbon dioxide captured would be stored 80km offshore in Shell's Goldeneye gas field. The technology would make gas and coal-fired power stations more efficient and greener, though carbon emissions would increase with enhanced oil recovery.

Peterhead is one of the world's most flexible power stations. As the energy hub of Europe, Buchan and North-East Scotland are well-placed to drive forward CCS. There are proposals to cable power to Europe, and build a subsea energy link between Peterhead and England via a two-gigawatt cable. This Eastern Link would enhance Peterhead's position as a hub for energy businesses, from the renewables sector in particular.

The world's biggest offshore windfarm is planned for the Moray Firth. The £4.5 billion project would see 339 turbines, some reaching 670ft above sea level in the Moray Firth, covering a total of 114 square miles off Caithness. If it is given the go-ahead, the windfarm would be a major boost to the Scottish Government’s target of generating the equivalent of 100% of the country’s electricity demand from renewables by the end of the decade. (Generate it, but export a lot.) Export cables transporting 1.5GW of potential electricity will have a buried landing point at Fraserburgh. Underground cabling will transport the power to Peterhead before it enters the National Grid.

The UK Government's upcoming tax on carbon emissions is one reason for the collapse of the CCS project at coal-fired Longannet in Fife. By applying the tax to the project, the Government was going to provide £1bn in funding, then take away £250m in tax.

Cuadrilla, the company embroiled in controversy over fracking activities, have struck a deal with Centrica, which has joined the shale gas movement. Centrica has announced a deal to acquire 25% of Cuadrilla Resources exploration licence for shale gas in Lancashire, North-West England. Cuadrilla’s chief executive Francis Egan, said: “Today’s announcement represents a significant step in our on-going exploration programme for natural gas within the Lancashire Bowland Basin. Centrica, Cuadrilla and A J Lucas recognise the exciting gas potential that lies within the shale rock in Lancashire. Natural gas from U.K. shale can create thousands of jobs, generate significant tax revenues, reduce our ever increasing reliance on imported coal and gas and make a positive contribution to the country’s balance of payments.”

Centrica pulled out of new nuclear plans in the U.K. in February 2013.

The UK have signed a 20-year deal to import U.S. liquefied natural gas (LNG). Gas imported from the U.S. will heat as many as 1.8 million British homes under a $10 billion supply deal between Centrica and Cheniere Energy Partners in Louisiana.

British Gas and Scottish Gas owner, Centrica, made profits of £606 million in 2012, £19.20 a second, £50 profit per household.

On July 31st 2013 Centrica announced that oil and gas operating profits had increased by 32%.

British Gas boss, Phil Bentley, left his job in June 2013 with a combined share, salary and pension package worth over £10 million. U.K. Shadow Energy and Climate Change Secretary, Caroline Flint, is calling for 'a complete overhaul of our energy market'.

British Gas reported gas sales to consumers were up 10% after a cold winter, and a 9% increase in profits. It raised its tariffs for gas customers by 6% in December 2012, and claim that most of the extra profit has been absorbed in increased transmission costs and obligations to invest in Government renewable schemes.

Let's end by applauding a Right-on Reverend, the Episcopalian Bishop of Aberdeen and Orkney, Dr Robert Gillies, who says that 'Scottish Gas are robbing from the poor to give to the rich'. Sharp rises in prices last year plunged more than 100,000 Scots into fuel poverty.

Update: March 2017
PPS pays transmission charges of nearly £20 per kilowatt compared to £2 for a similar power station in Kent.PPS has now been overlooked three times in a row in auctions to supply capacity to the grid.
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Energy news

Energy news

Scottish Hydro-Electric owner Scottish & Southern Energy (SSE) cheered shareholders..

Npower haven't paid a penny in Corporation Tax in the last three years..

On July 31st 2013 Centrica announced that oil and gas profits had increased by 32%..

'Scottish Gas are robbing from the poor to give to the rich.'

British Gas boss, Phil Bentley, left his job in June 2013 with a combined share, salary and pension package worth over £10 million..

Peterhead Power Station.

After insulating the loft, fitting double glazing, switching off TVs on stand-by, choosing direct debit and the lowest tariff, and turning down the heating whenever possible, my own electricity consumption - in particularly cold weather - has risen only 2% over three years. The cost of the Hydro-Electric direct debit over the same period has increased by 32%.

Scottish Hydro-Electric owner Scottish & Southern Energy (SSE) burdened consumers by increasing bills by 9% in 2012, then cheered investors in January 2013 with the offer of an inflation-busting dividend hike. On May 2013 SSE released their financial report revealing a 27.5% increase in retail operating profits year-on-year. In November 2013 SSE shareholders received a £250million payout as tariffs for customers increased by 8.2%.

In April 2013 Ofgem fined SSE a paltry £10.5m for prolonged and extensive mis-selling' and 'failures at every stage of the sales process'. Ofgem do not recommend any compensation deal for wronged SSE customers. The head of Ofgem announced that there's a real chance that Britain will run out of electricity within the next three years, if fuel prices rise to a politically unacceptable level.

Npower haven't paid a penny in Corporation Tax in the last three years. They're funnelling profits made in the UK through a shell company in Malta, dodging £60 million in tax.

Also known as carbon capture and sequestration, Carbon Capture and Storage (CCS) could reduce UK energy costs by up to £45 billion over the next three decades, create thousands of construction jobs and inject £20 billion into the economy. CCS involves capturing harmful waste carbon dioxide from fossil-fuel power plants and depositing the CO2 in a secure structure such as an underground geological formation or disused oil/gas reservoirs.

The two consortiums who are preferred bidders in the UK government’s long-running £1bn CCS Commercialisation Programme Competition have been announced. Projects were scrutinized against criteria including project delivery, value for money and the UK’s timetable to deliver a cost-competitive CCS industry. Peterhead Power Station (PPS) is now one of two final entries left in the Competition.

A modern combined cycle unit, gas-fired PPS will compete for investment for their innovative CCS plant on Aberdeenshire's Buchan coast with the White Rose Project at the coal-fired Drax site in North Yorkshire. The UK government will undertake discussions with bid leaders SSE and Royal Dutch Shell to agree terms for Front End Engineering Design studies, which will last approximately 18 months. A final investment decision will be taken by the government in early 2015 on the construction of up to two projects.

Awarding Peterhead funding will present a valuable opportunity to test technology to cut climate emissions, up to 90% of the gas industry's CO2 emissions. It could fuel Scotland and the UK’s ambitions to lead the world in developing CCS technology. Peterhead Power Station could expand to house the world's first demonstrator of the gas CCS technology from one end of the process to the other. A previous venture for PPS to pioneer CCS floundered in 2007 after BP pulled out, blaming government delays.

As part of a nationwide plan to downgrade coal, gas and biomass generation at five sites over the next year, SSE is to scale back electricity generation at Peterhead in a surprise move they claim is aimed at 'preventing a blackout across Britain'. From March 2014, SSE will cut back the power station's capacity from 1.1GW to just 400MW – smaller than the largest windfarms. The energy giant blames the uncertainty around reforms to the UK electricity market, Government green energy initiatives and 'excessively high' transmission costs that disadvantage stations further north – the same reason that prompted the previous reduction from 1.8GW three years ago. Equally important to its decision is likely to be the high gas price. Together with Scottish Power's recent closure of Cockenzie power station in East Lothian, the plan means that Scotland will have more capacity from renewable electricity than from fossil-fuel-powered stations for the first time, at 5.7GW and 5.4GW respectively.

The plan is to fit post combustion technology to part of PPS. The carbon dioxide captured would be stored 80km offshore in Shell's Goldeneye gas field. The technology would make gas and coal-fired power stations more efficient and greener, though carbon emissions would increase with enhanced oil recovery.

Peterhead is one of the world's most flexible power stations. As the energy hub of Europe, Buchan and North-East Scotland are well-placed to drive forward CCS. There are proposals to cable power to Europe, and build a subsea energy link between Peterhead and England via a two-gigawatt cable. This Eastern Link would enhance Peterhead's position as a hub for energy businesses, from the renewables sector in particular.

The world's biggest offshore windfarm is planned for the Moray Firth. The £4.5 billion project would see 339 turbines, some reaching 670ft above sea level in the Moray Firth, covering a total of 114 square miles off Caithness. If it is given the go-ahead, the windfarm would be a major boost to the Scottish Government’s target of generating the equivalent of 100% of the country’s electricity demand from renewables by the end of the decade. (Generate it, but export a lot.) Export cables transporting 1.5GW of potential electricity will have a buried landing point at Fraserburgh. Underground cabling will transport the power to Peterhead before it enters the National Grid.

The UK Government's upcoming tax on carbon emissions is one reason for the collapse of the CCS project at coal-fired Longannet in Fife. By applying the tax to the project, the Government was going to provide £1bn in funding, then take away £250m in tax.

Cuadrilla, the company embroiled in controversy over fracking activities, have struck a deal with Centrica, which has joined the shale gas movement. Centrica has announced a deal to acquire 25% of Cuadrilla Resources exploration licence for shale gas in Lancashire, North-West England. Cuadrilla’s chief executive Francis Egan, said: “Today’s announcement represents a significant step in our on-going exploration programme for natural gas within the Lancashire Bowland Basin. Centrica, Cuadrilla and A J Lucas recognise the exciting gas potential that lies within the shale rock in Lancashire. Natural gas from U.K. shale can create thousands of jobs, generate significant tax revenues, reduce our ever increasing reliance on imported coal and gas and make a positive contribution to the country’s balance of payments.”

Centrica pulled out of new nuclear plans in the U.K. in February 2013.

The UK have signed a 20-year deal to import U.S. liquefied natural gas (LNG). Gas imported from the U.S. will heat as many as 1.8 million British homes under a $10 billion supply deal between Centrica and Cheniere Energy Partners in Louisiana.

British Gas and Scottish Gas owner, Centrica, made profits of £606 million in 2012, £19.20 a second, £50 profit per household.

On July 31st 2013 Centrica announced that oil and gas operating profits had increased by 32%.

British Gas boss, Phil Bentley, left his job in June 2013 with a combined share, salary and pension package worth over £10 million. U.K. Shadow Energy and Climate Change Secretary, Caroline Flint, is calling for 'a complete overhaul of our energy market'.

British Gas reported gas sales to consumers were up 10% after a cold winter, and a 9% increase in profits. It raised its tariffs for gas customers by 6% in December 2012, and claim that most of the extra profit has been absorbed in increased transmission costs and obligations to invest in Government renewable schemes.

Let's end by applauding a Right-on Reverend, the Episcopalian Bishop of Aberdeen and Orkney, Dr Robert Gillies, who says that 'Scottish Gas are robbing from the poor to give to the rich'. Sharp rises in prices last year plunged more than 100,000 Scots into fuel poverty.

Update: March 2017
PPS pays transmission charges of nearly £20 per kilowatt compared to £2 for a similar power station in Kent.PPS has now been overlooked three times in a row in auctions to supply capacity to the grid.
Ref:
Date:
Location:
Photographer: