Eamon Farhat🇲🇺🇱🇧

🚨JOB NEWS: Embarking on a new journey @business covering energy markets & companies, with a focus on European power and renewables! Seeking insights from anyone covering electricity markets, in the know about power generation methods or involved in related companies, let's chat!

The UK’s offshore wind auction this week might carry a lesson or two for the rest of Europe, write @Jess_Shankleman and @EamonFarhat bloomberg.com/news/newslette…

Spain Blackout Shows Need for Batteries in Renewable-Heavy World w/ @EamonFarhat 🎁🔗 bloomberg.com/news/articles/…

A UK energy company that allows households and communities to own a stake in solar and wind farms has entered administration, according to an email it sent to customers trib.al/AXpp5q3

A patch of clear, sunny weather boosted solar generation across parts of Europe and sent power prices into negative territory for large periods around midday trib.al/mpuDQkL

Arctic weather blast to put strain on Europe’s energy systems bloomberg.com/news/articles/… via @joewertz @EamonFarhat

It comes as the Climate Change Committee helps to pave the way for airport expansions: - new report projects higher air passenger numbers - says it's more optimistic about future supplies of sustainable aviation fuel Via @EamonFarhat bloomberg.com/news/articles/…

A push to build more renewable generation in Germany will begin to bring down wholesale power prices by the end of next year, according to market analysts. trib.al/4xjPa7c

UK energy bills jump for a 3rd quarter, weighing on the economy bloomberg.com/news/articles/… via @EamonFarhat

UK urged to ease planning rules to get its power grid ready for 2030 bloomberg.com/news/articles/… via @EamonFarhat

UK energy bills set to increase for a 3rd consecutive quarter bloomberg.com/news/articles/… via @EamonFarhat

🌳🏭NEW: UK Govt Agrees Subsidy for Drax’s Controversial Biomass Power Plant -Deal achieves price of £113/MWh (~22% higher than Hinkley Point C) - Plant can only to run 27% of time, profits will be limited - Feedstock must be 100% sustainable @BloombergUK bloomberg.com/news/articles/…

Europe’s network of giant power cables is becoming political bloomberg.com/news/articles/… via @TwigaLundgren @EamonFarhat

The UK’s grid operator issued a power-market warning saying there is an insufficient buffer between predicted supply and demand on Wednesday trib.al/0t1GQ5d

Europe set for coldest weather in years as gas stocks deplete bloomberg.com/news/articles/… via @EamonFarhat

The UK’s wind turbines have overtaken gas plants for the first time as the number one source of power 🇬🇧🌬️ But the intermittent nature of wind means gas is still needed for backup. And more wind doesn’t necessarily mean lower prices Via @EamonFarhat bloomberg.com/news/articles/…

Ski towns face some promising conditions this winter but a changing climate is threatening the industry, writes @maryhui @laurenthal @EthansteinbergO and @eamonFarhat trib.al/TrWUHsv

The EU purchased a record amount of LNG from Russia this year 🇪🇺 🤝 🇷🇺 🚢 Despite deep cuts to Russian pipeline gas deliveries, Europe still clings to shipments of LNG 🇫🇷 Among top buyers, France has already hit its highest-ever volumes bloomberg.com/news/articles/…

Record-breaking coal demand keeps defying expectation 🌎❤️🪨 📈 Global coal consumption will set fresh records every year through at least 2027, IEA data shows, overturning a previous estimate that it peaked last year ⚡ Power grids are addicted to coal bloomberg.com/news/articles/…

The govt could yet fudge delivery of cheaper energy by shifting some components of power and gas to general taxation. Wholesale costs are about 40% of total bills, with the rest including network costs, policy levies & operating costs @BloombergUK bloomberg.com/news/articles/…

Building more wind has meant the UK has spent more than £1 billion in congestion costs to turn off plants when it’s too wind that wasted energy is set to be 4x under both scenarios set out by NESO as storage and flexibility fails to keep up @BloombergUK bloomberg.com/news/articles/…

⚡📈NEW: The UK government risks baking in higher energy costs for consumers as it pushes to meet a challenging — and upgraded — target to decarbonize the country’s power supply by 2030. @business @BloombergUK NO PAYWALL & Data thread bloomberg.com/news/articles/…