(LONDON) GOVUK Explainer sets out the background to the issue affecting ‘wholesale gas prices’ and the action the government is taking to protect the UK’s energy supply, industry & consumer #AceNewsDesk report

#AceNewsReport – Sept.19: There has recently been widespread media coverage of wholesale gas prices, and the effect this could have on household energy bills. The impact on certain areas of industry, and its ability to continue production, has also attracted attention #AceNewsDesk report

#AceDailyNews reports on UK gas supply and Natural gas prices that have been steadily rising across the globe this year for a number of reasons. This has affected Europe, including the UK, as well as other countries around the world……

We have a diverse range of gas supply sources, with sufficient capacity to more than meet demand. The UK’s gas system continues to operate reliably and we do not anticipate any increased risk of supply emergencies this winter.

Why are there high global gas prices?

The prices that are currently visible reflect the high value being placed on gas at the present time, with prices being determined by global supply and demand. They are not necessarily representative of pre-existing contracts and therefore do not apply to all of the gas being consumed in the UK this winter.

Current prices reflect a number of factors including:

  • as the world comes out of COVID-19 lockdowns and economies reopen, we are seeing an uptick in global gas demand this year. *combined with a cold winter (which has an impact on gas demand as gas is often used for heating homes) this has led to a much tighter gas market with less spare capacity
  • in particular, high demand in Asia for Liquified Natural Gas (LNG), natural gas transported globally by ship, means less LNG than expected has reached Europe *some essential maintenance projects rescheduled from 2020 due to coronavirus coincided with necessary scheduled projects in 2021, while weather events in the US have adversely affected their LNG exports to Europe

How are high global gas prices impacting the UK?

The gas market is crucial to the UK’s energy supply because of its significance in heating, industry and power generation.

Over 22 million households are connected to the gas grid and in 2020, 38% of the UK’s gas demand was used for domestic heating, 29% for electricity generation and 11% for industrial and commercial use.

High gas wholesale prices have subsequently driven an increase in wholesale power prices this year.

In recent weeks, this trend has been exacerbated by the weather and planned maintenance at some power stations. This has resulted in unusually low margins for this time of year. These factors have combined to cause spikes in wholesale electricity prices, with a number of short-term markets trading at, or near, record levels.

While we are not complacent, we do not expect supply emergencies this winter.

Is our gas supply at risk?

The Great Britain (GB) gas system has delivered securely to date and is expected to continue to function effectively, with a diverse range of supply sources and sufficient delivery capacity to more than meet demand.

While our largest single source of gas supply continues to be the UK Continental Shelf (approximately 48% of total supply in 2020), the maturity of that source means we have to supplement supply from international markets.

Whilst the diversity of those international sources promotes our energy security, by reducing reliance on a particular source, the UK – as with other nations – is exposed to global trends in supply and demand which affect the price of gas traded at UK’s market hub (the National Balancing Point).

We have a wide range of supply sources including direct pipelines across the North Sea from Norway to the UK, our single biggest source of imports. We are also investing millions into scaling up strong renewable energy capacity and driving down demand for fossil fuels.

GB also has a number of gas storage facilities that act as a source of system flexibility when responding to short-run changes in supply and demand.

What is the government doing on this?

Energy security is an absolute priority for this government. The government works closely with the regulator and gas supply operators to monitor supply and demand.

While wholesale gas prices have increased internationally this year, the market continues to balance supply and demand through adjusting the prices at which energy trades take place. We have no reason to suggest this will not continue but will monitor the market.

National Grid Gas has a number of tools at its disposal to mitigate the risk of a gas supply emergency, including requesting additional gas supplies be delivered to the National Transmission System. Together with the Department for Business, Energy and Industrial Strategy (BEIS), National Grid Gas has robust response plans in place in the unlikely event that risk should materialise. Read plans for network gas supply emergencies.

Will this affect energy bills?

The high wholesale gas prices that are currently visible may not be the actual prices being paid by all consumers.

This is because major energy suppliers purchase much of their wholesale supplies many months in advance, giving protection to them and their customers from short-term price spikes.

The Energy Price Cap is also in place to protect millions of customers from the sudden increases in global gas prices this winter. Despite the rising costs of wholesale energy, the cap still saves 15 million households up to £100 a year.

The current global wholesale gas price situation as set out above could have an effect on companies.

Companies without longer-term contracts may face higher costs, but we expect that companies with longer-term contracts in place may have little exposure to the current high wholesale prices. If there were an event where a supplier fails, Ofgem would work to ensure that customers are moved to a new supplier, so they are not without energy.

How is the government helping poorer households?

Our Energy Price Cap will protect millions of customers from the sudden increases in global gas prices this winter.

We are also supporting low income and fuel poor households with their energy bills in a number of ways which demonstrates the government’s commitment.

This includes through:

  • the Warm Home Discount which provides eligible households with a £140 discount
  • in addition, Winter Fuel Payments and Cold Weather Payments will help ensure those most vulnerable are better able to heat their homes over the colder months

Vulnerable people and anyone in financial distress during this time should talk to their energy supplier, who will be able to discuss personal circumstances and consider options to help, including reassessing, reducing or pausing payments. Emergency measures have been agreed between government and energy suppliers to support those most in need during the disruption caused by COVID-19, and this agreement remains in place this winter. Read details of the agreement.

As set out in the Energy white paper, we plan to extend the Warm Home Discount until 2026, increase it to £150, and help an extra 780,000 pensioners and low-income families with their energy bills. With a total of 2.7 million to get support, with the vast majority to receive the money back automatically, without having to apply as at present.

Cold Weather Payments provide vulnerable households on qualifying benefits with financial support when the weather has been, or is forecasted to be, unusually cold. £25 is available for eligible households for each 7 day period of very cold weather between 1 November and 31 March.

#AceNewsDesk report ……Published: Sept.19: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#gas, #govuk, #london, #prices

(BEIJING) JUST IN: At least 12 people have been killed and 39 seriously injured after a gas line explosion tore through a residential neighbourhood in central China #AceNewsDesk report

#AceNewsReport – June.14: The statement said rescue efforts were continuing but gave no word on the cause of the explosion:

CHINA: Responders to the early Sunday morning blast in the Hubei province city of Shiyan sent more than 150 people to hospital, according to a statement on the city’s official social media channel.

Play Video. Duration: 23 seconds
Buildings were reduced to rubble after a gas line explosion ripped through a residential compound in Hubei province.

Stall keepers and customers buying breakfast and fresh vegetables at a food market were the major victims when the explosion hit shortly after 6:00am local time, according to state media reports.

Images showed rescuers climbing over broken concrete slabs to reach those trapped inside.

The blast appeared similar to one that occurred in the north-eastern port of Qingdao in 2013, in which 55 people were killed when underground pipelines ripped open following a leak.

The Shiyan explosion came a day after eight people died and three others were injured when toxic methyl formate leaked from a vehicle at a chemical handling facility in the south-western city of Guiyang.

Frequent deadly accidents are usually traced to weak adherence to safety standards, poor maintenance and corruption among enforcement bodies.

Those responsible are often handed harsh punishments, but high demand and the desire for profits often trump such concerns.

Among the worst accidents was a massive 2015 explosion at a chemical warehouse in the port city of Tianjin that killed 173 people, most of them firefighters and police officers.

The blast was blamed on illegal construction and unsafe storage of volatile materials.

AP

#AceNewsDesk report …..Published: Jun.14: 2021:

Editor says #AceNewsDesk reports by https://t.me/acenewsdaily and all our posts, also links can be found at here for Twitter and Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#beijing, #china, #explosion, #gas, #social-media

(LONDON) The International Energy Agency (IEA) Report: Says that no new fossil fuel boilers should be sold from 2025 if the world is to achieve net-zero emissions by the middle of this century #AceNewsDesk report

#AceNewsReport – May.20: The sale of new petrol and diesel cars around the world would end by 2035: The IEA says that from now, there is no place for new coal, oil or gas exploration or supplies:

U.K. Climate Change: IEA Plan to Ban new gas boilers to reach net-zero emissions by 2025: It’s one of 400 steps on the road to net-zero proposed by the agency in a special report.

19 hours ago:

By Matt McGrath
Environment correspondent

The report has been welcomed as an important contribution on the road to COP26 in Glasgow, when countries will attempt to agree the measures needed to put the Paris climate agreement into practice. 

In that context, tackling the issue of how the world produces and consumes energy is the most critical endeavour.

The energy sector, according to the IEA, is the source of around 75% of the emissions of greenhouse gases that are driving up global temperatures. 

How will we heat our homes?Models designed so they could switch to burn hydrogen could be an option – and will probably be around £100 more than the £2,000 standard gas boiler.

This will help the climate because hydrogen from renewables burns with no emissions.But climate advisors say it will probably only heat around 11% of homes, because hydrogen supply will be limited.So most are expected to be warmed by heat pumps, which extract warmth from the air or the ground, or from water – a bit like a fridge operating in reverse which sell for between £6,000 and £18,000.

They’re subsidised, but MPs say the government needs to offer more help to home owners. What’s more, heat pumps need high levels of insulation which aren’t always possible.

There are other technologies being considered. Geothermal heat may warm places such as Cornwall. Nuclear might figure, too.But the great task of shifting heating from gas will be expensive and difficult. How will we heat homes in zero carbon Britain?

To keep the world safe, scientists say that global heating has to be limited to 1.5C by the end of this century. To keep close to that mark, emissions of warming gases need to drop by half by 2030, and essentially hit zero in 2050.

The IEA’s new study sets out what it believes to be a realistic road map to achieve that aim, while at the same time creating millions of jobs and boosting economic growth. VCGElectric vehicle charge points will have to increase to around 40 million worldwide over the next decadeBy 2050 it envisions a global economy that is twice as big as today, with two billion extra people but with the demand for energy dropping by 8%.The authors say their plan achieves this with no carbon offsets and a low reliance on technologies to remove carbon from the air.

Crucially, it sees no place for new supplies of coal, oil or gas.Key steps to net-zero in 2050Fossil fuel use falls drastically in the net‐zero emissions scenario by 2050, and no new oil and natural gas fields are required beyond those that have already been approved for development. No new coal mines or mine extensions are required.

Emissions from electricity generation fall to net‐zero in advanced economies by 2035 and globally by 2040. Renewables drive the transformation, up from 29% of generation in 2020 to nearly 90% in 2050.The number of public charging points for electric cars rises from around one million today to 40 million by 2030, requiring an annual investment of $90bn by the end of the decade. By 2035, nearly all cars sold globally are electric, and by 2050 nearly all heavy trucks sold are fuel cell or electric. Per capita income from oil and gas in countries that rely on fossil fuel production falls by around 75% from $1,800 to $450 by the 2030s.

However, the IEA’s route to net-zero will require massive investments and international co-operation on an unprecedented scale. It will also have direct impacts on consumers all over the world. Home heating with gas or oil is currently a major source of carbon emissions in many countries, responsible for around 20% of CO2 in the US and the UK.The IEA path to net-zero says that in just four years’ time, there should be no new fossil fuel boilers sold, except where they are compatible with hydrogen.

This will not be an easy shift for the building sector.”It will be very difficult, because it means a massive turn in the consumption behaviour,” said Maria Pastukhova, from the E3G environmental think tank. “The building sector is maybe one of the toughest ones because aside from the emphasis that the IEA has put on efficient buildings, all the old existing infrastructure has to be retrofitted. And that’s a particular challenge for governments.”

“ The IEA says that as well as greening the energy system it will need to be expanded to provide electricity to the 785 million people in the world who have no access at present.Jonas GratzerA worker cleaning solar panels at a solar park – the IEA says a massive expansion is needed: To meet this challenge the world will need to install four times the amount of wind and solar energy than it did in 2020. This equates to adding a massive solar park every day over the next nine years.By 2035 the report says there would be no more sales of new cars with petrol or diesel engines.

All of the world’s electricity would be emissions free by 2040. While the scale of the change is unprecedented, the IEA believes it will create around 14 million jobs by 2030, while investments in energy production soar to $5tn, boosting global GDP.”The scale and speed of the efforts demanded by this critical and formidable goal – our best chance of tackling climate change and limiting global warming to 1.5C – make this perhaps the greatest challenge humankind has ever faced,” said Fatih Birol, the IEA Executive Director.

“ The IEA’s pathway to this brighter future brings a historic surge in clean energy investment that creates millions of new jobs and lifts global economic growth. Moving the world on to that pathway requires strong and credible policy actions from governments, underpinned by much greater international co-operation.” One issue that has caused concern among environmentalists is the reliance in the report on unproven technologies, such as carbon capture, utilisation and storage (CCUS). There are also worries about bioenergy which involves the use of trees, crops and plants to make liquid fuel or to generate electricity.

The IEA path to net-zero sees a significant increase of around 60% in this energy source, with an estimate that energy crops and forestry plantations will take up 25% more land than is used today for bioenergy production.NurPhotoPalm oil has been a major source of bioenergy, used to make diesel”Burning forests for energy is the latest in a parade of false climate solutions,” said Hannah Mowat from Fern, a Brussels-based NGO campaigning to protect forests and people.”Sadly, the IEA has bought into it by proposing wholly unrealistic levels of bioenergy, which will damage forests the world over and worsen climate change. Instead of burning trees for energy, we should focus on cutting fossil fuel use, maximising energy efficiency and increasing renewables such as solar, wind, heat pumps and geothermal.”The IEA Net Zero by 2050 report can be found here.

#AceNewsDesk report ……..Published: May.20: 2021:

Editor says #AceNewsDesk reports by https://t.me/acenewsdaily and all our posts, also links can be found at here for Twitter and Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#climate-change, #coal, #emissions, #gas, #iea, #london, #oil

BRITAIN: Tories spend aid money destined for feeding people on boosting their presence as a main partner choice in Malawi #oil and #gas sector putting #ProfitB4People – @AceNewsServices

#AceNewsReport – Nov.21: Project aimed to make UK ‘partner of choice’ in industry, but campaigners warn of potential for ecological disaster
image

The British government spent thousands of pounds of aid money on a project aimed at “establishing the UK as the partner of choice” in the nascent #oil and #gas sector of one of the world’s poorest countries.

Malawi is believed to have substantial oil deposits, including under Lake Malawi, a pristine freshwater lake – the third largest in Africa – whose southern shores are a protected Unesco world heritage site. Unesco has warned that any oil activity near the lake risks causing an ecological disaster.

http://bitly.com/2gB9zqR

EDITOR NOTES: Please share and comment on this with consideration for others please …

LONDON: ‘ SUSPECTED GAS EXPLOSION IN HOTEL INJURES 14 PEOPLE ‘

#AceWorldNews – LONDON – Nov.22 – An explosion last night at the five-star Hyatt Regency Churchill hotel on Portman Square in the Marylebone area of London has left 14 people hospitalized.

' Gas explosion rocks central London hotel, 14 injured '

‘ Gas explosion rocks central London hotel, 14 injured ‘

The blast, which authorities say occurred in the basement of the hotel, caused part of the structure to collapse.

Five hundred people were evacuated from the building and all guests and staff have been accounted for, Sky News reported.

A Metropolitan Police spokesman said: “At about 11.40pm we were called to a suspected gas explosion at Portman Square. Officers are in attendance alongside the fire brigade and ambulance service.

A small number of injured parties are being treated.Structural engineers are on the site to determine the full extent of the damage.

#ANS2014 

#explosion, #gas, #hospitalised, #injured

MOSCOW: ‘ SIX HUNDRED PEOPLE EVACUATED FROM BURNING BUILDINGS AFTER GAS EXPLOSION’

#AceWorldNews – MOSCOW – Nov.17 – Around 600 people have been evacuated from burning apartment buildings in the centre of Moscow following a series of gas explosions, Russia’s Emergencies Ministry has said Tass reported early morning. 

'The accident was caused by a jump in gas pressure '

‘The accident was caused by a jump in gas pressure ‘

The fires began due to jumps in the gas pressure, according to ministry spokesman Mikhail Gefenider.

The blazes were reported in several buildings at 6:57 p.m. in the Presnenskiy region of Moscow, located in the western part of the city centre.

“According to updated information the fire took place in the 13 buildings, affecting 18 separate apartments,” Gefenider said.

“The total area of the fire was 190 square meters. Fire-fighters rescued 12 people and seven people requested psychological assistance.”

RT – TASS – AFP – AP 

#ANS2014 

#explosions, #firefighters, #gas

BEIJING: ‘ PUTIN AND XI JINPING SIGN GAS DEAL AGREEMENT ON WESTERN GAS ROUTES ‘

#AceBreakingNews – BEIJING – Nov.09 – President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China.

' RUSSIA - CHINA GAS DEAL '

‘ RUSSIA – CHINA GAS DEAL ‘

The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.

' GAZPROM - CNPC DEAL TIME '

‘ GAZPROM – CNPC DEAL TIME ‘

Russian President Vladimir Putin and Chinese leader Xi Jinping will discuss new gas supply routes at their meeting in Beijing on Sunday, RIA Novosti reports.

In May, Russia’s Gazprom and China’s CNPC signed a 30-year contract for Russia to deliver 38 billion cubic meters of gas a year via the eastern route of the “Power of Siberia” pipeline.

There’s also a plan to supply China with 30 billion cubic meters of gas every year via a western route, of the “Altay” pipeline.

Speaking to journalists on the eve of his visit to China, Putin was optimistic that he would be able strike a deal on the western route with Beijing, saying that a lot of aspects of the supplies have already been agreed upon.

The deal on the western route NOW signed, China WILL replace Germany as Russia’s biggest gas customer.

All in all, 17 business and political agreements have been prepared for signing at the Beijing meeting between Putin and Xi.

#ANS2014 

#agreement, #china-russia-deal, #contract, #gas, #pipeline, #western-routes

` Poisoned Gas was Used an Attack in ` Central Province of Hama ' Injuring Scores of People '

#AceWorldNews – BEIRUT April 12 – (AP) – Syrian government media and rebel forces said Saturday that poison gas had been used in a central village, injuring scores of people, while blaming each other for the attack.

The main Western-backed opposition group, the Syrian National Coalition, said the poison gas attack Friday hurt dozens of people in the village of Kfar Zeita in the central province of Hama.

Syrian government has blamed the rebel forces of using poisonous gas in an attack on the village of Kfar Zeita in the central province of Hama on Friday.

RT – State-run Syrian television blamed members of the Al-Qaeda linked Nusra Front for using chlorine gas, killing two people and injuring more than 100.

The Britain-based Syrian Observatory for Human Rights reported that dozens were injured, while people suffered from suffocation and breathing problems as heavy smoke rose in the area after the attack.

#ANS2014

#syrian, #al-nursa-front, #al-qaeda, #beirut, #gas, #hama, #syrian-national-coalition, #syrian-observatory-for-human-rights

#AceNewsServices says according to Fiona Maharg Bravo #Breaking…

#AceNewsServices says according to Fiona Maharg-Bravo – #Breaking Views
Will the shale boom ever reach Europe’s shores? It has had a remarkable impact in the U.S. Thanks to fracking, American chemicals and steel companies pay two-thirds less than European counterparts for natural gas, according to Eni, the Italian oil and gas firm. They pay half the cost for electricity. The International Energy Agency expects U.S. manufacturers’ share of global energy-intensive exports to grow slightly over the next two decades on the back of cheap energy, against a 10 percent decline in Europe. Thanks in part to the lower energy prices, the Boston Consulting Group reckons the U.S. will create up to 5 million factory and services jobs by 2020.

In theory, Europe could have cheaper energy too. It has vast quantities of shale gas, particularly under France and Poland. But there are problems. Europe’s shale layers are deeper, making it more expensive to extract than in the U.S. Difficulties have led Exxon, Talisman and Marathon Oil to throw in the towel in Poland.

There is also a lack of direct economic incentives. In the U.S., landowners share in the spoils because they own the subsoil. In Europe the profits usually flow to governments. This is no-hard-and-fast rule: fracking is banned in the state of New York and is thriving in Alberta where the subsoil is owned by the Canadian government. But social, political and environmental attitudes weigh more heavily in Europe.

It is more densely populated and that makes fracking more disruptive. Gas is released after blasting underground rock with explosives and pressurized water, sand and chemicals. That creates environmental concerns and understandable reticence by those who live near potential drill sites. In addition, water is hard to come by in certain parts, such as Spain. France has banned the practice.

It is too early to write off European shale gas reserves. U.S. exports of liquefied natural shale gas should also keep a lid on global gas prices, and that helps lower costs for Europeans. Old world economies can find competitive advantages in less energy-intensive industries. Gas is one of the less significant costs when it comes to hand-stitching a Christian Dior gown.

Cheaper energy would provide just the fillip Europe needs. Sadly, it is a pipe-dream.

The author is a Reuters Breaking Views columnist. The opinions expressed are her own.

#breaking-views, #fracking, #canadian-government, #fiona-maharg-bravo-shale-gas, #france, #gas, #poland, #reuters, #spain, #us

UK Citizens are Paying Some Politicians Energy Bills for Their Second Homes

According to the BBC News tonight some of our dedicated politicians who serve the public, are serving themselves, with charging tax-payers for their gas and electricity! What makes it worst is the charges are for their “SECOND HOMES” and while people who are elderly and fuel poor struggle!
This reminds me of the days of “Scrooge” treating people as second class citizens, disgraceful!
http://globalclarity.wordpress.com/2013/11/04/scandal-as-hundreds-of-mps-get-energy-bills-paid-on-expenses-to-heat-second-homes/

#acenewsservices, #alert, #bbc-news, #electricity, #fuel-poor, #gas