Oliver Weber

🔋VoltX Power Ltd: UK Electricity Prices: What’s Happening & What’s Next? 🔍 As we move towards the end of August 2024, the UK electricity market is buzzing with developments that could impact us all. From the upcoming Energy Price Cap Review to the introduction of 13 new oil and gas projects in the North Sea, there’s a lot on the horizon. Plus, with big investments in renewable energy, like offshore wind farms, the market is poised for some positive shifts. 💡 But that’s not all—market reforms could shake things up, potentially boosting industry efficiency and competition. And with major energy suppliers set to release their financial results soon, we’ll get a clearer picture of the sector's health. Looking further ahead, the stabilizing US economy is easing energy demand concerns, supporting commodity prices. Wind generation in the UK is expected to stay strong, and with European gas storage at 87% capacity, we have a solid buffer against any potential supply hiccups. However, we can’t ignore the global factors, like geopolitical tensions and disruptions in crude oil supplies, that might influence the market. In a nutshell, while there are challenges ahead, the trends and developments we’re seeing point to a more optimistic outlook for the rest of 2024. At Voltx Power, we’re on top of these changes, and we’re eager to hear your thoughts! How do you think these factors will shape our industry? Let’s connect and discuss! 🌟💬 And remember, we at Voltx Power are here to provide you with tailored energy solutions. By analysing your HH data, we can offer you a bespoke quote that fits your needs perfectly. Reach out to us today! #EnergyUpdate #ElectricityPrices #RenewableEnergy #EnergyMarket #UKBusiness #VoltxPower #EnergySolutions #IndustryTrends #CustomerFocused #BusinessEnergy #EnergySupply

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A new report shows that although wholesale electricity prices began to fall in 2023, transmission value remained high in certain areas – highlighting the “unique” value of transmission in delivering benefits to multiple regions, given its ability to connect areas of the country that are facing different circumstances. #renewables #power #energy #wind #offshore #onshore #solar #hydropower #floating #nuclear #geothermal #efficiency #transition #susteinability #circular #economy #esg #clean #decarbonization #electrification #climate #hydrogen #mobility #greensteel #ammonia #transportation #storage #fuelcell #smartgrid #der #powersystem #generation #transmission #distribution #electricity #machines #drives #sensors #iot #education #engineering #innovation #entrepreneurship #creativity #technology #digitalization #cybersecurtity #metering

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With recent changes introduced by Ofgem, additional costs are being added to non-commodities, leading to an increase in overall bills going forward. The TCR framework has presented challenges, particularly for businesses struggling to grasp the implications. At Direct Business Group, we offer support with the TCR framework transition and help navigate through the upcoming additional charges. Furthermore, our services include providing analytical data to optimize consumption, aiding in achieving long-term energy objectives for businesses. Feel free to get in-touch [email protected] 07359601890 #EnergyManagement #TCRFramework #BusinessSolutions #AnalyticalData #CostReduction

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Spending half an hour on energy transition today?: i recommend listening the inertia podcast of the Oxford Institute for Energy Studies and looking the wonderful bathtube analogy. Why? Managing inertia in power grid systems is crucial for security of supply and faces substantial challenges with the energy transition. Two take-aways: 💡the earlier future inertia demand as market products are defined and brought in auctions, the more ahead of the curve we are to sustain security of supply 💡while in the past the shortfall of the biggest generator in a system was the defining grid disturbance, in future problems in AC/DC converter stations could level the inertia demand substantially 👉We at RWE operating gas, hydro and biomass generation delivering inertia in UK, NL and Germany 👉We are building inertia assets e.g. with our synchronous condenser project at Pembroke, Wales UK https://lnkd.in/egytZNc4 👉And we are preparing our growing battery pipeline to deliver “synthetic inertia” as the authors of the podcast explain! Thanks for this podcast and paper!

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