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Prepare for a long term fall in energy prices

A thought provoking blog from Nick Butler in today’s Pink ‘Un sets out a grim future for holders of shares in the oil majors.    He is also one of the first to credit renewable energy with some of the credit/blame (delete as appropriate)  for the decline in oil demand.  Germany has been the first major,  developed economy where localised renewable generation has proved structurally disruptive to the centralised generators and grid operators.  There will be others,  notably in the western US states.

It may still be too early to call the end of oil-age but the advantages of on-site renewable generation become ever more obvious.  Generation from PV is passive;  once the initial installation is complete there is very little else for the generator to do other than consume that energy.  No fuel purchases,  no complex delivery infrastructure and no dependence of external factors for ongoing electricity production.  The global energy mix is changing fast and anyone making long term investments based on hydrocarbon fuelled generation might end up on the wrong side of rapid structural changes.


News Headlines

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US

Audi is joining the all electric club with a new SUV

UK electricity demand being generated by renewables just keeps growing

Saudi Arabia is going to build the world's largest solar project

Electric air transport on the horizon

Spat between Aston Martin and Rolls Royce

National Grid planning a network of superfast chargers at UK motorway services

California is racing towards a solar future

Porsche and Daimler Benz increasing EV commitments

UK industry pays 33% more for electricity than the rest of Europe

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

Gloucestershire drivers are leaders in the electric car uptake

A compelling business argument for solar

The potential for solar across Africa is huge

UK's reliance on imported gas could soon backfire

Fuel forecourt operators have a serious choice to make with EV charging

Mypower shine to win another Solar energy award