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Industry News from Energy Services

  • March 22nd, 2013

Cold weather hits UK gas supplies

Weeks of unusually cold weather have drained nearly all of Britain’s gas supplies, sparking fears of a spike in energy prices, it has been reported. ›

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  • March 15th, 2013

UK Gas Prices Remain High On Cold Weather

British wholesale spot gas prices rose above 90 pence a therm this week as extreme cold pushed up demand and reduced further already heavily depleted gas storage levels. ›

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  • March 8th, 2013

EU probes German big industry’s power price breaks

The European Commission said it has opened an in-depth inquiry into the exemptions from power grid charges enjoyed by big electricity-consuming companies in Germany. “If this turns out to be the case, the Commission will further examine whether the exemption is likely to unduly distort competition in the EU or whether it can be justified,” the EC said in a statement. ›

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  • March 4th, 2013

Important UK Gas Storage Facility Could Be Depleted By Mid-March

Rough, the UK’s long-range gas storage facility will be empty by mid-March if it continues to churn out gas at full capacity. According to National Grid date this has raised concerns in the market and played a part in an increase in prices. ›

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