• Fixing OFGEM, the UK’s Gas and Electricity Regulator

    • Date: 16/05/17
    • Dr John Constable: GWPF Energy Editor

    There is likely to be increasing pressure to reform the gas and electricity regulator, Ofgem, which is widely held to have failed in the protection of consumers. This accusation is to a large degree both misguided and unjust. Ofgem is constrained by its Statutory Duties, which were revised by Ed Milliband in 2010 to put […]

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  • OPEC Still Fundamentally Misunderstands The U.S. Shale Revolution

    • Date: 12/05/17
    • David Blackmon, Forbes

    What the Saudi market share strategy failed to understand was the rapid innovation by the U.S. shale industry.  They did not anticipate that service companies and shale producers would be able to dramatically lower costs and increase recoveries over the past three years through the development of new technologies. A new report from OPEC estimates […]

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  • Climate Policies, Electricity Prices And The Energy Price Cap

    • Date: 10/05/17
    • Global Warming Policy Forum

    In the run-up to the general election on 8 June, the GWPF is calling on all parties to adopt policies that prevent further economic harm to the UK economy and halt the rising policy costs to energy bills for households. Theresa May is proposing a cap on increases to energy prices charged on the Standard […]

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  • Should Consumers and Taxpayers Fund Energy R&D?

    • Date: 05/05/17
    • Dr John Constable: GWPF Energy Editor

    The now widely recognised failure of the Carbon Capture and Storage competition, and the lacklustre performance of other R&D efforts, such as the consumer-funded Low Carbon Networks Fund (LCNF) administered by Ofgem, suggest that even arms length government funding invention and innovation is sub-optimal and may even be counterproductive. Carbon taxation, income support subsidies, and […]

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  • Emissions Reduction “Without Compromising” Economic Growth?

    • Date: 18/04/17
    • Dr John Constable: GWPF Energy Editor

    By mistakenly using inappropriate data from the OECD, The Energy and Climate Information Unit (ECIU) misled The Times into claiming that per capita GDP in the UK grew by 130% in the period 1992 to 2014, when the correct figure, from the UK’s Office of National Statistics is 44%. This error led both the ECIU […]

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  • Job Vacancy: Energy Policy Adviser To Theresa May

    • Date: 17/04/17
    • Nick Butler, Financial Times

    Theresa May needs an energy policy adviser. I hasten to add that this is not a job application – but someone is needed to pull together the necessary reforms and to help the UK prime minister avoid self-destructive mistakes such as an attempt to take charge of fixing energy prices. The predominant view in Whitehall […]

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  • The Opportunity Cost of Renewables Investment

    • Date: 12/04/17
    • Dr John Constable: GWPF Energy Editor

    In a statement announcing the latest round of auctions for Contracts for Difference the UK government has reported capital investment of £52 billion in renewable electricity generation over the period from 2010 to the present day, which implies an average capital cost of about £2.5m/MW, five times the cost of Combined Cycle Gas Turbines. This […]

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  • The Rising Trend of UK Industrial Electricity Prices

    • Date: 02/04/17
    • Dr John Constable: GWPF Energy Editor

    The emerging trend in UK electricity prices to industry confirms civil service advice to Mr Blair, which he ignored, that the EU Renewables Directive (2009) would disadvantage the UK relative to other members of the European Union. If the Industrial Strategy is to succeed, the Renewables Directive will have to be repealed, post-Brexit, and immediate […]

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