May 17, 2020

Egypt Gas Pipeline Explosion Cuts Off Israel & Jordan Energy Supply... Again!

attack
Bomb
bombing
cut off
Admin
2 min
Gas pipeline explosion by masked bombers cuts off energy supply to Israel
Written By: John Shimkus In early February, Energy Digital covered the story of a natural gas pipeline bombing in northern Egypt that cut off energy su...

Written By: John Shimkus

In early February, Energy Digital covered the story of a natural gas pipeline bombing in northern Egypt that cut off energy supplies to Israel and Jordan. Now, three months later, a similar bombing has occurred in the same region. The gas terminal of Al Sabil in Egypt’s Sinai Peninsula exploded early Wednesday morning, as five masked bombers left the scene of the crime. No one has been reported injured and gas flow has been sealed to control the blazing fire. Those responsible for the bombing escaped.

This is remarkably similar to the bombing that took place February 5, and has some pointing the finger of blame at the region’s Bedoiun tribes, who have been in contention with the Egyptian government for purported unfair treatment.

Apparently, there was a previous attempted bombing on the gas terminal on March 27.

SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK
Renewable Geothermal Energy Pumps Up Heat’s Power Potential

Mining Safety: Bioleaching Bacteria Clean Toxic Mine Tailings

The Future of Batteries: A Distributed Approach to Energy Storage

Check out the latest issue of Energy Digital!

Jordan depends on Egyptian natural gas for roughly 80 percent of its energy generating needs, while Israel’s energy portfolio is reliant on about 40 percent. The attacks are prompting Israeli officials to seek alternative energy sources.

No one can say for sure who is responsible for the bombings or why. Some speculate that conflict of interests continue between Egyptian citizens over sharing resources with Israel, especially considering the two countries were enemies prior to the Camp David peace accords. Others believe the conflict to be internal, citing government corruption and illegal transfer of funds to Egyptian officials in the gas deals arranged between Egypt and Israel. In either case, this should be a wake up call to both Israel and Jordan that energy independence should not be undermined by any country, especially in a region experiencing such instability.

Share article

Jul 26, 2021

Ofwat allows retailers to raise prices from April

Ofwat
Utilities
water
prices
Dominic Ellis
3 min
Ofwat confirms levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue

Retailers can recover a portion of excess bad debt by temporarily increasing prices from April 2022, according to an Ofwat statement.

The regulator confirmed its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue, thereby allowing "a temporary increase" in the maximum prices. Adjustments to price caps will apply for a minimum of two years to reduce the step changes in price that customers might experience.

Measures introduced since March 2020 to contain the spread of Covid-19 could lead to retailers facing higher levels of customer bad debt. Retailers’ abilities to respond to this are expected to be constrained by Ofwat strengthening protections for non-household customers during Covid-19 and the presence of price caps.  

In April last year, Ofwat committed to provide additional regulatory protection if bad debt costs across the market exceeded 2% of non-household revenue. 

Georgina Mills, Business Retail Market Director at Ofwat said: “These decisions aim to protect the interests of non-household customers in the short and longer term, including from the risk of systemic Retailer failure as the business retail market continues to feel the impacts of COVID-19. By implementing market-wide adjustments to price caps, we aim to minimise any additional costs for customers in the shorter term by promoting efficiency and supporting competition.”  

There are also three areas where Ofwat has not reached definitive conclusions and is seeking further evidence and views from stakeholders:   

  1. Pooling excess bad debt costs – Ofwat proposes that the recovery of excess bad debt costs is pooled across all non-household customers, via a uniform uplift to price caps. 
  2. Keeping open the option of not pursuing a true up – For example if outturn bad debt costs are not materially higher than the 2% threshold. 
  3. Undertaking the true up – If a 'true up' is required, Ofwat has set out how it expects this to work in practice. 

Further consultation on the proposed adjustments to REC price caps can be expected by December.

Anita Dougall, CEO and Founding Partner at Sagacity, said Ofwat’s decision comes hot on the heels of Ofgem’s price cap rise in April.

"While it’s great that regulators are helping the industry deal with bad debt in the wake of the pandemic, raising prices only treats the symptoms. Instead, water companies should head upstream, using customer data to identify and rectify the causes of bad debt, stop it at source and help prevent it from occurring in the first place," she said.

"While recouping costs is a must, water companies shouldn’t just rely on the regulator. Data can help companies segment customers, identify and assist customers that are struggling financially, avoiding penalising the entire customer in tackling the cause of the issue."

United Utilities picks up pipeline award

A race-against-time plumbing job to connect four huge water pipes into the large Haweswater Aqueduct in Cumbria saw United Utilities awarded Utility Project of the Year by Pipeline Industries Guild.

The Hallbank project, near Kendal, was completed within a tight eight-day deadline, in a storm and during the second COVID lockdown last November – and with three hours to spare. Principal construction manager John Dawson said the project helped boost the resilience of water supplies across the North West.

“I think what made us stand out was the scale, the use of future technology and the fact that we were really just one team, working collaboratively for a common goal," he said.

Camus Energy secures $16m funding

Camus Energy, which provides advanced grid management technology, has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent VenturesWave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to expand its grid management software platform to meet growing demand from utilities across North America.

As local utilities look to save money and increase their use of clean energy by tapping into low-cost and low-carbon local resources, Camus' grid management platform provides connectivity between the utility's operations team, its grid-connected equipment and customer devices.

Share article