Daily Archives: November 26, 2010

Kiran Stacey

As ministers, negotiators, NGOs and reporters prepare to jet off to Cancun for the annual UN climate talks,  five prominent delegates outline what they want to see from the next two weeks of talks.

Keep your eye on Energy Source throughout the Cancun summit for Fiona’s regular posts, plus thoughts from other delegates around the summit.

Are you going to Cancun? Comment below on what you want to see happen. And if you want to post for the FT on your experiences while there, let us know at energysource@ft.com.

Kiran Stacey

Sara Vaughan, image by Eon

In the first of a new series of readers’ Q&A sessions, Sara Vaughan, Eon UK’s head of energy policy and regulation, tackles the burning questions you wanted answering. Eon is Germany’s biggest power company and is heavily involved in the UK market.

In the second part of the session, Sara discusses the obstacles to building new nuclear plants, how the UK measures up on low-carbon technology and the limitations of a carbon floor price.

Next in the hotseat is Ditlev Engel, chief executive of Vestas, the world’s biggest manufacturer of wind turbines. Send in your questions by the end of Friday, November 26th for consideration, to energysource@ft.com.

But for now, over to Sara:

Kiran Stacey

Sara Vaughan, image by Eon

Sara Vaughan, image by Eon

In the first of a new series of readers’ Q&A sessions, Sara Vaughan, Eon UK’s head of energy policy and regulation, tackles the burning questions you wanted answering. Eon is Germany’s largest energy company and is heavily involved in the UK market.

In the first of two parts, Sara talks about why the changes to the carbon reduction commitment could be a good thing, how to reform the energy market and the future of carbon capture and storage.

In the second part, to be published later this morning, she will discuss the obstacles to building new nuclear plants, how the UK measures up on low-carbon technology and the limitations of a carbon floor price.

Next in the hotseat is Ditlev Engel, chief executive of Vestas, the world’s biggest manufacturer of wind turbines. Send in your questions by the end of Friday, November 26th for consideration, to energysource@ft.com.

But for now, over to Sara:

Kiran Stacey

This morning, Ofgem announced it would probe pricing by the big six UK energy companies, amid concerns that profit margins are soaring, with the customer losing out.

Today, the head of UK energy policy at one of those big six, Eon, has urged the company’s rivals to change their business models entirely. Answering Energy Source readers’ questions (posed before the Ofgem investigation was announced), Sara Vaughan said:

Energy companies are going to have to change. Traditionally, energy was all about building big central power stations and working out how best to get that power into people’s homes through a one-way transmission and distribution system.

While those centralised power stations are still going to be part of the future, it’s also clear that things are going to change substantially, with more emphasis placed on relationships with customers, who can take responsibility for their own energy usage for the first time.

FT Energy Source

- Regulator to probe pricing by UK energy firms – BBC

- Pemex looks to boost Gulf production with new contracts – FT

- Section of Gulf closed to shrimpers as tar balls found – Guardian

- Colombia to sell 9.9% of Ecopetrol – FT

- RWE Dea announces significant gas discovery in Egypt – WSJ (£)

- Oil tops $85as cold snap lifts energy demand – FT

- Asian interest in Canadian oil sands continues – Argus

- NYK Line eyes deep-sea oil drilling market – FT

- Bharat studying options to boost oil refining capacity – Bloomberg

- China’s reactor plans power up uranium – FT

- Regal shares leap following takeover talk – FT

- EU plans 2013 ban on disputed HFC carbon offsets – Reuters

- World is growing warmer, but pace slows – FT

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