energy

Energy firms take Government to court over CCL exemption

The UK Government will be taken to court by two energy firms because of the removal of the Climate Change Levy (CCL) exemption. The Climate Change Levy is a tax on business energy usage which affects all businesses within the UK, however businesses sourcing their energy from renewables used to receive tax breaks. The energy firms claim they were not given sufficient notice to adapt their business accordingly.

EU holds talks on reducing dependency on Russian gas

After holding talks on how the EU can move away from being dependant on Russian gas it has been revealed that a decision was not made. MEP’s from Eastern, Western and Central Europe had met to discuss how to better coordinate energy policy.

UK Government gives the go ahead for £3 billion North Sea gas field

A new gas project in the North Sea worth £3 billion  has been given the go ahead by the UK Oil & Gas Authority (OGA). The OGA was launched in April 2015 as one of the first moves by the new conservative government to act as the governing body to the North Sea oil and gas industry and assist with economic recovery.

The Culzean field is the biggest discovery made in the North Sea for a decade and holds around a quarter of a billion barrels of oil equivalent. It is expected that it will produce enough gas to meet 5% of the UK’s needs by the time it is fully operational.

Oil prices fall again due to low demand

Global oil prices have taken another hit this week due to a surprise drop in demand from the USA and concerns over the Chinese economy. Analysts have indicated that the glut of oil is expected to continue into the new year which will keep prices low for the foreseeable future.

Spanish Island becomes 100% green

The small island of El Hierro located in the Canary Islands has became the first remote location in the world to be powered totally by renewable energy. The island is now powered by wind turbines and a hydro plant to provide green energy.

Any excess electricity produced by the wind turbines is used to pump the water kept as sea level up to the reservoir. If the wind is not strong enough to provide the whole island with the required energy, the hydro plant will start to produce energy to compensate.

Shell gets permission to drill in the Arctic

The Obama Administration has gave Shell permission to start drilling in the Arctic, which has prompted a huge backlash with environmental groups. Shell had been waiting for a safety vessel called the Fennica which is required by law to be present while Shell drills. The Fennica carries a state of the art device designed to limit the impact of a blowout.

Last coal-fired power plant in Scotland to close

Scottish Power has announced that they will be closing Langannet Coal Power Plant at the end of March 2016. This was the last coal powered power plant remaining in Scotland and will close after 46 years of producing power in Scotland.

Scottish power have said that reemployment opportunities will be available for the 230 staff whose jobs are directly affected. The explanation for the close was put down to the high carbon taxes and transmission charges which had caused running the plant to become uneconomic.

Oil prices hit 6 and a half year low

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Oil

Oil prices this week have hit their lowest for six and a half years, with many experts expecting that to fall even lower. The World Bank has announced that it expects oil prices to fall by at least another $10 per barrel by next year, due to an expected return to the market for Iran.

UK Government to fast track fracking applications

Energy Secretary Amber Rudd has announced new powers for the government to step in if local councils are attempting to delay fracking applications. They have set a limit of 16 weeks for local councils to either accept or decline the applications, stating that extra delays do not benefit either side.

In May 2014 Quadrilla submitted plans to drill four wells in Lancashire, however, the decision was repeatedly delayed. It is this kind of situation that the government is determined to avoid and the new powers will allow them to intervene if this sort of situation happens again.

Why have some businesses still not acted on ESOS?

There has been a huge push by the industry to raise awareness of ESOS through articles, webinars, seminars and workshops, yet there are still some companies that have not started to act on ESOS yet. With the December the 5th deadline now fast approaching, you would think that the majority of companies that must comply, would have at least started to gather the information required for the audit, however, this is not the case.

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