The Great British Energy Idea

The Great British Energy Idea

In 1976, the Labour Party government of Harold Wilson created the British National Oil Corporation, BNOC. The Yom Kippur war in 1973 and OPEC’s subsequent oil embargo had caused consternation in the Western world and led to Governments scrambling for oil supply....
Transitioning to a Nodal Electricity Market

Transitioning to a Nodal Electricity Market

The arrangements which currently govern the commercial operation of the electric power industry in the UK date back, in large part, to the time of privatisation in the very early 1990s. Simple in conception, if complicated in practice, the main elements included in...