Energy

Will the lights go out this winter? A letter from the energy regulator Ofgem reveals just how seriously it is taking the prospect, and lays out what would happen if the UK can’t get sufficient gas to meet demand. Ofgem declared that ‘here is a possibility that GB entering into a gas supply emergency’ this winter and lays out what would happen in the event of this happening i.e. when insufficient gas is available to supply the gas network at any wholesale price. It turns out that Ofgem would seek to reduce demand by telling the largest gas users to switch off their plant. These, it adds, ‘will likely be large gas-fired power

The rapid economic collapse that Britain is facing is simply an accelerated version of what the whole of Europe is about to go through; unsustainable borrowing to fund the gap between high energy prices and what households can actually afford. With the sabotage of the Nord Stream pipeline, there is now no feasible way back. Europe can no longer physically import Russian gas – prices will remain high until Europe builds more energy capacity, which could take years. What is likely to come of this? High energy prices will render European manufacturing uncompetitive. European manufacturers will be forced to pass through the higher energy costs in the form of higher

It almost seems worthy of the opening scene in a Bond film. Vital Russian gas pipelines running beneath the Baltic Sea close to Denmark and Sweden are the victims of sabotage. The two countries have warned of leaks from both Nord Stream 1 and 2 after seismologists suggested there had been underwater explosions. No one wants to claim credit for the deed – yet. Who is the Blofeld behind this dastardly scheme? Former Polish foreign minister Radek Sikorski, no fan of Russia, sardonically declared on Twitter, ‘Thank you, USA’. That set the conspiracy theorists off. As has a video resurfacing of Joe Biden in February promising America would put an end to

How pleasant it is to watch an idea fall apart. Especially when it is an idea held by people you don’t particularly care for. In recent years all of the democracies have been plagued by green parties. The kindest interpretation of them is that they provide a wake-up call of some sort: a reminder that we should be kind to our planet, that sort of thing. But in every country they got too free a ride. They ended up preaching catastrophism to a supplicant media. And they ended up demanding that we all get off fossil fuels yesterday without any satisfactory explanation of how we were meant to keep the

‘We are living the end of an era of abundance,’ according to Emmanuel Macron, ‘the end of the abundance of products and technologies, the end of the abundance of land and materials, including water.’ It is hard to see how water has become less abundant, being the ultimate renewable resource, which evaporates before falling back to Earth as rain. Rewind a year and people in parts of Europe, you may remember, were complaining about a super-abundance of water – in the form of the Rhineland floods. But let’s leave that aside and assume that Macron’s remarks were more immediately prompted by a shortage of energy. France, in common with other

This morning, Volodymyr Zelensky signed a moratorium on energy prices – so while gas bills are rising all over Europe, Ukraine will remain unaffected. This honours a pledge he made on his election. Freezing energy bills is a standard populist policy in Ukrainian politics (in a country where temperatures can reach -25ºC and the elderly can’t afford to buy medicine, it’s hard to win without making such promises). But there are now serious worries about whether it could bankrupt a government that needs all the money it can get to fight a war. Energy prices will be frozen until six months after martial law ends in Ukraine: the pledge is

England is in the grip of its most widespread drought in 20 years. Water companies are implementing hosepipe bans. Half the country’s potato crop is expected to fail. Photographs of reservoirs show them drained, dry banks open to the sky. Another heatwave is here, bringing little prospect of imminent relief. Britain hasn’t built a reservoir since 1991. The population has grown. Hot weather has become more frequent. Water use has become more strained. The barriers to actually doing something about it remain in place. Take Layla Moran, Liberal Democrat MP for Oxford West. As late as March, she was doing the media rounds vigorously opposing the construction of a new