We span the steel, fertiliser, paper, chemicals, pharmaceuticals, cement, ceramics, glass & industrial gases sectors: key to growth, jobs & achieving NetZero.
United Kingdom
Joined October 2021
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Energy Intensive Users Group retweeted
I'm about to publish a piece on "can we take the Government seriously when they say they will no longer load policy costs onto energy bills?" and 7 days after the "no new levies" Budget they've published a Bill that includes a hydrogen levy on energy bills
New laws to help cut bills, protect consumers, crack down on rogue companies and put more power in the hands of communities.
Today we’re introducing the Energy Independence Bill, a fairer energy system that works for people.
Read the full story: gov.uk/government/news/energ…
ALT New laws to help bring down bills, protect consumers and put people back in control.
ALT Making sure local people benefit by offering communities a stake in new renewable energy projects
ALT Giving Ofgem tougher powers to crack down on rogue companies
ALT Stronger enforcement of energy efficiency standards to warm homes
Energy Intensive Users Group retweeted
How often did gas set the GB power price this year?
82% of hours ytd, the lowest of any year. In 2022 and 2023, it was around 90%.
That’s the share of hours where the day-ahead price was at or above the running cost of a gas plant.
October stood out. Gas set the price in 69% of hours, the lowest October in five years.
Gas is still running, though. Some of that is gas called on in the Balancing Mechanism to address constraints, which the day-ahead price doesn’t capture.
What has clearly fallen is gas’s share of generation: 33.5% this year, down from 47% in 2022.
Two things are pulling in opposite directions. Wind generation reached 61 TWh, the highest of the five years. Nuclear output was the lowest of the five years, mainly due to a long outage at Sizewell B and extended outages at Torness.
Next year, more wind, solar, and a returning nuclear fleet could further reduce this gas impact, which is critical as gas prices soar.
Energy Intensive Users Group retweeted
Sesame Workshop mourns the loss of Sir Patrick Stewart. Thank you for being our friend and for sharing your brilliance, joy, and kindness with the world. 💛💚
Energy Intensive Users Group retweeted
Also worth noting that nominal disposable income is up almost 45% in the UK over the last decade. The "jaws" has been inflation. Yes, Ukraine and Iran were exogenous shocks, but two decades of UK energy policy failure have amplified these impacts.
The most bullish thing for the UK economic outlook this week was a very clear grabbing back of UK energy policy by HMT, from DESNZ. The only industrial strategy worthy of the name is cheaper energy. All the workhorse economic metrics (RHDI, Corporate Margins, Business Investment) benefit from cheaper energy. This is not about shoehorning in renewables, or N Sea O&G, or Nuclear policy. It is about a model where 24/7/365 there is plentiful, cheap energy to input into economic activity.
If I were shaping UK economic policy I would prioritise delivering cheap energy over all other economic goals (actively moving resources from the myriad of downstream projects, to pursuing this single goal) - and approach the policy trade-offs accordingly.
Energy Intensive Users Group retweeted
Resilient economy will be tested by this very recent sharp movement up in market gas prices - this is the UK chart per therm close to 240p on Iran war reintensification, a high since late 2022.
If you transpose the Ukraine 2022 shock on this, at the same stage, while avoiding the massive spike, after 241 days, today’s shock is more enduring… prices have trebled from 79p, whereas at this point for the Ukraine it was 204p, actually below pre invasion level.
Energy companies say the unit prices of gas and electricity are heading higher than the point which led to expensive universal Govt intervention in 2022, the sort ruled out this time (“wasted on rich households”). Still whatever the Budget brings we weren’t expecting activation of the plans prepared for a bigger scheme. If this endures, 5% inflation on the cards.
Since the Budget plans and forecasts were locked down, the tricky balancing act just got worse.
The Electricity Bills Taskforce, a coalition of leading experts including the EIUG, published a package of reforms that would cut household and business electricity bills by 20% by 2030 on Friday - see eiug.co.uk/government-can-cu…
The EIUG has worked with E3G's Electricity Bills Task Force on how to lowering Great Britain’s electricity bills – recommendations for government - e3g.org/publications/lowerin…
Energy Intensive Users Group retweeted
CHART OF THE DAY: The price of natural gas in the US 🇺🇸 and Europe 🇪🇺. Now, imagine running a gas-intensive company (say, a fertilizer plant) in either region. Europe >$30; US <$3
Energy Intensive Users Group retweeted
EU gas prices are now at more than 90 Euros per MWh.
The last time we have seen prices like this was in December 2022 following the invasion of Ukraine by Russia.
I recognise that the technical potential but this does not mean it's commercial viable. DESNZ introduced the industrial heat recovery scheme some years ago. It then folded the scheme up in the industrial energy transformation fund which HMT killed off; theengineer.co.uk/content/op…
British steelmakers face widening electricity price gap - but solution could cost just 42p per household, UK Steel reveals: uksteel.org/steel-news-2026/…
One of the reasons why electricity prices are so high in the UK is due to the various levies and obligations on suppliers. What are they, why has Government introduced them and will their cost increase in the next few years? See eiug.co.uk/the-hidden-taxes-…
‘Labour must take urgent action to reduce business energy bills’ labourlist.org/2026/10/labou…
Join me in Rotterdam for 2 days of exclusive networking and a comprehensive programme during the European Industrial Energy Days 2027 event, on 10-11 March. I just registered, check out your options here: invt.io/1txbfeshvvw
Energy Intensive Users Group retweeted
As energy bills continue to rise, a plea to HMG ahead of the Budget: please find ways to target any future support on those that need it most and to reduce business electricity costs, by taking policy levies off bills
The quarterly energy price cap will rise by 4% from 1 October 2026.
This will be an increase of around £5 per month for the average household.
This is a cap on energy unit price plus standing charge, not a cap on total bills.
More ⬇️
ow.ly/KxAR50ZQU1t
ALT Graphic with an orange and dark blue gradient background. Large text reads: “The price cap will rise by 4% from today.” Smaller text underneath reads: “This will be an increase of around £5 per month for an average household on a supplier’s standard default tariff.” A white information icon appears in the bottom left. The word “PRICE CAP” is displayed vertically in orange on the right-hand side, with the Ofgem logo in the bottom right corner.
With the energy landscape evolving rapidly, I’m excited to share my insights at the event. Join me and 2,500+ energy professionals as we discuss the future of the industry
🗓️ You can register for your place here: europe.energytradingweek.com… invt.io/1txbk45alm5
