Help! – Ireland’s gas import dependency

Imports have been intensified recently by falling NBP gas prices and an oversupplied UK gas system aided by strong liquefied natural gas (LNG) deliveries, a trend which has continued since winter. The high imports of January 2019 were driven by below-average temperatures, rising power demand and periods of low wind generation. More widely this trend also highlights Ireland’s growing dependence upon imports to meet gas demand. This trend raises big questions about future energy security, this blog investigates this risk. 

Related thinking

Announcement

Your invite to our wholesale Summer Outlook 2021 webinar

We are delighted to invite you to our wholesale Summer Outlook webinar. On 12 May, Cornwall Insight will be hosting an open webinar covering our independent views, analysis and outlook of the upcoming summer 2021 period. As part of this session, we will explore a range of both historic and...

Regulation and policy

Ofgem “hands-on” in RIIO-2 as net zero route unfolds

During the next round of the RIIO price controls, Ofgem can be expected to take a more hands-on approach to outputs the networks are required to provide and the allowed revenues they can charge their users or consumers. This will have impacts for network development including the enabling of electric...

Commercial and market outlook

A look back at 2020 part 4

As we take our first steps into 2021, we take our final look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. Ofgem issued its decarbonisation Action Plan on 3 February as Jonathan Brearley became Ofgem CEO, setting out...

Regulation and policy

New gas transmission charging requires early charge changes

New gas transmission charging arrangements were implemented in October 2020 under UNC678A Amendments to Gas Charging Regime (Postage Stamp) in order to achieve alignment with the EU Tariffs Code (TAR). The change introduced a framework around capacity charges to cover transmission revenues with a methodology to calculate reserve prices based...

Regulation and policy

New horizons: DCC plans to expand remit over next 5 years

The government awarded the Data Communications Company (DCC) licence to Capita subsidiary Smart DCC Ltd in 2013. As an Ofgem-regulated monopoly, the DCC’s remit was to set up the smart metering communications infrastructure, linking up 53mn electricity and gas meters with the systems of energy suppliers, network companies and third...

Energy storage and flexibility

CRU implements COVID-19 supply suspension scheme

On 1 May, the CRU set out the details of its decision to implement a temporary supply suspension scheme for eligible SME electricity and gas customers due to the impact of the pandemic. It said that the unique and extraordinary circumstances of the current situation require a modification to the current approach...

Low carbon generation

Podcast key takeaways | James Brabben discusses the role of gas in the UK power market

James Brabben, our Wholesale Manager, spoke to William Powell, Editor in Chief, in the inaugural podcast for Natural Gas World. The podcast discusses the latest issues of the day in the gas market and includes a deep dive into the GB gas market by James. In this blog, we take...

Commercial and market outlook

The 2020 oil price crash: How does it compare to previous events?

This feature is part of our new Energy Market Watch coverage where each week we will provide insights and analysis on the latest trends in commodity markets, grid balancing and market fundamentals as the impacts of COVID-19 continue to emerge. You can sign up for the regular free update here. Brent crude oil...

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