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Energy Market Update – 27th July 2015

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When asked about priorities, members rated “Security of Supply” at 38% while policy makers were perceived to rate “Affordability” at the same level. Naturally, politicians and policy makers are concerned about affordability but, looking ahead, if the country wants security of supply it will not be looking necessarily at affordability. In second place, members rated “Sustainability” at 34% and gave third place to “Affordability” at 28%.

Meanwhile, the perception for policy makers put “Security” in second place at 36% and “Sustainability” in third at 26%. Not particularly significant variations but there can only be one first place, and for the EI Members that has to be “Security of Supply!

Moving on to how best the UK can meet its emissions targets, “Nuclear” hit the number one spot for EI members, followed by “Energy Efficiency,” and “Renewables”. Energy efficiency is now playing an increasingly important role and with global demand lower, yet not against a corresponding fall in activity, this is another contributor towards the glut of both oil gas supplies. Likewise, we are now moving away from diesel vehicles, as being environmentally friendly as they were declared many years ago, and switching to highly efficient low emission petrol/gasoline vehicles, with electric vehicles coming slowly along in the background. Here too, great savings will be made in usage of oil products although one doesn’t yet know the impact on electricity consumption for charging the vehicles.

With security of supply and sustainability as key fundamentals, which renewables cannot offer, one is perhaps more understanding now of recent changes in government policy to limit the levels of subsidies given to renewables. With nuclear being given the top position, let’s hope that some decisive news is reported soon regarding the new proposed nuclear power station at Hinkley Point.

Written By- John Hall


Alfa Energy Group

Alfa Energy Group, an Edison Energy company, is an international energy, sustainability and technology consultant partner with 250 employees over 3 international locations. For over 25 years, Alfa has been servicing its clients’ needs through energy and water management, sustainability, and compliance consulting, and an intuitive ecosystem of user-driven energy, water, and carbon management software platforms. With coveted awards, an international industry-wide recognition, and clever simple solutions, today Alfa is partnering with clients to establish and deliver pivotal net zero strategies. Through smart energy management, the expertise and diligence of its people, transparent processes, and data management, Alfa continues to lead through its recognised gold standard of service delivery.