energy markets

In September 2021 and October 2021 (till date) alone, 14 suppliers serving over 2 million customers have ceased operations in the UK. Bohemia Energy, serving over 900,000 electricity and gas customers in the Czech Republic terminated its services with immediate effect on 13 October 2021. The wholesale electricity prices have increased by over 200% compared to 2019. Why are power prices surging in Europe? The European Energy Crisis: How did we get here and where do we go from here?
  • October 19, 2021
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Norwegian Petroleum Ministry issued licenses to explore mature zones; hopeful of new discoveries Norway has issued a record 61 offshore oil and gas exploration licenses to 30 companies. These licenses...
  • February 1, 2021
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The increasing regulatory push worldwide for renewable energy as well as a rise in demand for clean energy from corporate and individual consumers have now brought a lot of attention on large-scale storage of energy. We will have a look at 5 promising technologies in grid-scale energy storage that could answer this all-important question.
  • January 26, 2021
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We talk about AI a lot, about it’s potential to make our lives easier by revolutionizing the way we lead our lives and do business. However, the reality is that very few organizations have a strategy for AI in place. Why is a technology that promises to do so much being used so little?
  • January 26, 2021
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Electricity price forecasting is a highly complex process that depends on numerous variables including demand, transmission conditions, weather forecasts, government regulations, market conditions, financial speculation, and more.
  • January 26, 2021
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Electricity demand is a clear indicator of economic activity. During the lockdown, Europe has witnessed a record decline in electricity prices and drops in overall consumption as much as 20% in Mid-April when compared to the previous year. Italy, where the lockdown was the strictest, recorded as much as a 30% drop in power demand, Spain 20%, France 15%, and Germany 10%. Even though residential power demand soared during the lockdown, a sharp decline in commercial and industrial power demand resulted in an overall dip.
  • January 26, 2021
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