New scary book by Terrifying Tim October 16, 2013 THE GLOBAL financial system is mired in unsustainable debt but it is the ever rising cost of energy in particular that we should be worrying about, according to Tim “Terrifying” Morgan. The former chief economist at Tullett Prebon, whose theories have also earned him the nickname “Dr Doom”, has published a book called Life After [...]
Germany’s renewable energy race pushes prices up and dampens growth October 15, 2013 Germany's surcharge for green energy will go up by almost a fifth next year – to 6.24 euro cents (5.3p) per kilowatt hour (kWh) – say network operators, as first reported by Reuters. The monthly surcharge, levied on consumers via their electricity bills to finance renewable power subsidies, rose by almost two cents (or 47 [...]
Energy pricing puts SSE at risk of a downgrade October 14, 2013 ENERGY firm SSE’s plans to hike prices could put it at risk of a debt rating downgrade, analysts have warned. The supplier angered consumer groups last week when it said it would raise its bills by 8.2 per cent from next month, adding £104 on to the average annual bill. SSE blamed the majority of [...]
Politicisation of energy market spells trouble for SSE says JP Morgan October 14, 2013 JP Morgan has warned that the politicisation of the UK energy market could lead credit ratings agencies to downgrade energy firm SSE. The recent announcement that the company would raise prices by 8.2 per cent, adding £104 to the average annual bill, led to a series of condemnations by senior Labour politicians. SSE asserted that [...]
Miliband’s policies have already damaged Britain’s economy October 14, 2013 EVERY so often, financial markets spectacularly misjudge an issue. One such blunder took place immediately after Ed Miliband announced his policy to freeze gas and electricity prices for the first 18 months of a Labour government. Instead of heading for the exits, investors sat on their hands. Shares barely fell that first afternoon, despite extensive [...]
Miliband’s policies have already damaged Britain’s economy October 13, 2013 EVERY so often, financial markets spectacularly misjudge an issue. One such blunder took place immediately after Ed Miliband announced his policy to freeze gas and electricity prices for the first 18 months of a Labour government. Instead of heading for the exits, investors sat on their hands. Shares barely fell that first afternoon, despite extensive [...]
Misguided energy policies have put Europe on a path to economic decline October 11, 2013 DESPITE rising atmospheric carbon dioxide levels, global climate temperatures have remained flat for the past 15 years, if not a good deal longer. And the UN’s Intergovernmental Panel on Climate Change (IPCC) was last month forced to admit that its own climate models have grossly overestimated climate sensitivity to atmospheric CO2. So why are some [...]
Energy row hots up as SSE blames policy for price rise October 11, 2013 THE ENERGY market debate hotted up once again yesterday, as big six supplier SSE said it would raise its bills by 8.2 per cent from next month – adding £104 on to the average annual bill – and blamed the majority of the increase on government policies. SSE said the cost of the government’s green [...]
Energy row hots up as SSE blames policy for price rise October 10, 2013 THE ENERGY market debate hotted up once again yesterday, as big six supplier SSE said it would raise its bills by 8.2 per cent from next month – adding £104 on to the average annual bill – and blamed the majority of the increase on government policies. SSE said the cost of the government’s green [...]
Misguided energy policies have put Europe on a path to economic decline October 10, 2013 DESPITE rising atmospheric carbon dioxide levels, global climate temperatures have remained flat for the past 15 years, if not a good deal longer. And the UN’s Intergovernmental Panel on Climate Change (IPCC) was last month forced to admit that its own climate models have grossly overestimated climate sensitivity to atmospheric CO2. So why are some [...]