Power Solutions, latest News

By | October 7, 2016

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Solar outstrips coal in past six months of UK electricity generation

Adam Vaughan – The Guardian

An estimated 6,964 gigawatt hours were generated by solar over the half-year – 5.4% of the UK’s electricity demand.

Photograph:  Peter Macdiarmid/Getty Images

Electricity generated by solar panels on fields and homes outstripped Britain’s ageing coal power stations over the past six months in a historic first.

Climate change analysts Carbon Brief found more electricity came from the sun than coal from April to the end of September, in a report that highlighted the two technologies’ changing fortunes.

Solar had already eclipsed coal for a day in April and then for the whole month of May, with coal providing zero power for the first time in more than 100 years for several days in May. The latest milestone saw an estimated 6,964 gigawatt hours (GWh) generated by solar over the half-year, or 5.4% of the UK’s electricity demand. Coal produced 6,342GWh, or 4.7%.

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Reduce your energy consumption and costs with the right DC/DA agreement

Getting accurate and timely data of your business energy usage enables us to better procure, monitor, reduce and manage your energy requirements.

What is Data Collection (DC) & Data Aggregation (DA)

The Data Collector (DC) is responsible to carry out Data Collection for half-hourly metering systems. The DC is appointed by the Supplier to retrieve and validate metering data and pass it on to the Data Aggregator.

The Data Aggregator (DA) is responsible to carry out Data Aggregation for half-hourly metering data. The DA is appointed by the Supplier to aggregate consumption from half-hourly Data Collector(s). This data is then validated and passed to the supplier for invoicing.

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Oil investment crashes to 60-year low, incubating next energy shock

Ambrose Evans-Pritchard – The Telegraph

Investment in North Sea oil and gas has collapsed eightfold

 

Oil discoveries have slumped to the lowest level since 1952 and the global economy is becoming dangerously reliant on crude supply from political hotspots, the world’s energy watchdog has warned.

Annual investment in oil and gas projects has fallen from $780bn to $450bn over the last two years in an unprecedented collapse, and there is no sign yet of a recovery next year.

The International Energy Agency said wells are depleting at an average rate of 9pc annually. Drillers are not finding enough oil to replace these barrels, preparing the ground for an oil price spike in the future and raising serious questions about energy security.

“There is evidence that cuts in exploration activities have already resulted in a dramatic decline in new oil discoveries, dropping to levels not seen in the last 60 years,” said the IEA’s World Energy Investment 2016 report.

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Power Solutions appoint new Head of Sales

Exciting times are happening with Power Solutions, and we are very pleased to introduce Ricky Chaplin as our new Head of Sales.

‘I am delighted to join Power Solutions and lead what is already a fantastic TPI into the next era. We have some great plans going forward and will strive to be a market leader in the ever changing and complex energy industry.’  – Ricky Chaplin, Head of Sales

 

September 2016 Energy Market Review 

In September, day-ahead gas moved 10.2% lower to average 27.9p/th. Meanwhile, day-ahead power soared 45.6% to £53.2/MWh.

Peak wind power generation dropped to around 1GW on 19 September, tightening margins in the UK. In addition, continental European imports were lowered by 2GW on the back of planned interconnector outages. Seasonal gas prices declined by 3.7% on average, despite a slight climb in oil prices. Winter 16 gas experienced the largest drop, of 5.6%, to average 39.6p/th. Summer 17 gas decreased 3.1% to 36.8p/th.

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