- Energy Saving
- Heat Pumps
- Electricity Generation
Energy efficiency is not just low-hanging fruit; it is fruit on the ground.Stephen Chu, US Secretary of Energy
Coronavirus epidemic has strong impact on demand
Both electricity and gas prices have fallen this week with lower EU Carbon and oil prices, impacted by the Coronavirus epidemic. Europe has also recorded its warmest January on record which has severely reduced power-for-heating demand across the continent. Prices on the horizon are still clouded with uncertainty about what will happen with Carbon premiums once the UK participation in the EU-ETS ends this year and US opposition to the Nort-Stream 2-line signs pointing to longer term increases. OEC are also weighing up the potential for further supply cuts to balance markets.