Homeowners in a London borough will shortly have their heating and hot water generated from an energy from waste facility under a new scheme introduced today.
Business Electricity Gas
Southwark Council has teamed up with its recycling and waste partner Veolia Environmental Services and started a GBP7 million heating network which it claims is the "first of its type" in the capital.
The heat and hot water will be generated through the South East London Combined Heat and Power (SELCHP) energy recovery facility, which processes around 430, 000 tonnes of waste ever year.
The existing gas boilers on five estates in Rotherhithe will be switched off, which is expected to cut around 8,000 tonnes of carbon emission annually and it would also mean both a cheaper and much more energy efficient method of heating the homes.
The SELCHP facility was built in the 90's and has produced electricity, which fed into the National Grid, but so far the extraction of heat in the form of hot water has not been possible.
The Mayor of London Boris Johnson said: "It is brilliant that SELCHP will soon be providing low carbon, low cost heating to residences in South East London through a brand new heat network, something I am working hard to encourage more of throughout the capital. Local heat plus power supplies not only save Londoners money and reduce carbon emissions but also help provide London with a more safe, sustainable, costeffective vitality supply."
Last week the Green Investment Bank invested GBP20 million for the construction of a 15.8MW wood fuelled combined heat and power plant in Northern Ireland. Fife Council in the Scottish Lowlands is also turning its food and garden waste into electricity, which it expects will help save around GBP1.2 million.
"All eyes" will really be on the new Governor of the Bank of England tomorrow morning in case he declares a brand new policy guidance that might have a knockon effect on gasoline costs, according to energy market experts.
No matter the Bank's new Canadian manager Mark Carney declares during a news conference on inflation targets at 10.30am, it's probably be a huge driver within the money market that could have implications for gas trading, proposed npower's Sammy Blay.
In a weekly energy market report, npower's Customer Portfolio Manager said: "On the macroeconomic front, all eyes are going to be on Mark Carney, the new Bank of England chairman as he outlines what might be a significant policy shift with potential implications on the British pound."
He told ELN: "Whatever he declares, determined by how revolutionary or advanced it is, it might possess a response."
UK gas costs are tied to the potency of the British pound in exactly the same way oil is related to the UNITED STATES dollar. A stronger British pound is normally probable to lead to weaker gasoline costs and vice versa.
Elsewhere globally, "easing tensions" between Iran and western countries might become a big factor in electricity costs going forward, predicted the market report.
Mr Blay said: "Middle Eastern supply risk premium is easing due to expectations of improved relationships between the West and Iran following the change of direction."
Coal prices "continue to plummet" as supplies stay "ample" despite more than three years of decreasing gas prices, underlining the "present profitability of coal a generation fuel over gas", he added.
Business Electricity Gas
Southwark Council has teamed up with its recycling and waste partner Veolia Environmental Services and started a GBP7 million heating network which it claims is the "first of its type" in the capital.
The heat and hot water will be generated through the South East London Combined Heat and Power (SELCHP) energy recovery facility, which processes around 430, 000 tonnes of waste ever year.
The existing gas boilers on five estates in Rotherhithe will be switched off, which is expected to cut around 8,000 tonnes of carbon emission annually and it would also mean both a cheaper and much more energy efficient method of heating the homes.
The SELCHP facility was built in the 90's and has produced electricity, which fed into the National Grid, but so far the extraction of heat in the form of hot water has not been possible.
The Mayor of London Boris Johnson said: "It is brilliant that SELCHP will soon be providing low carbon, low cost heating to residences in South East London through a brand new heat network, something I am working hard to encourage more of throughout the capital. Local heat plus power supplies not only save Londoners money and reduce carbon emissions but also help provide London with a more safe, sustainable, costeffective vitality supply."
Last week the Green Investment Bank invested GBP20 million for the construction of a 15.8MW wood fuelled combined heat and power plant in Northern Ireland. Fife Council in the Scottish Lowlands is also turning its food and garden waste into electricity, which it expects will help save around GBP1.2 million.
"All eyes" will really be on the new Governor of the Bank of England tomorrow morning in case he declares a brand new policy guidance that might have a knockon effect on gasoline costs, according to energy market experts.
No matter the Bank's new Canadian manager Mark Carney declares during a news conference on inflation targets at 10.30am, it's probably be a huge driver within the money market that could have implications for gas trading, proposed npower's Sammy Blay.
In a weekly energy market report, npower's Customer Portfolio Manager said: "On the macroeconomic front, all eyes are going to be on Mark Carney, the new Bank of England chairman as he outlines what might be a significant policy shift with potential implications on the British pound."
He told ELN: "Whatever he declares, determined by how revolutionary or advanced it is, it might possess a response."
UK gas costs are tied to the potency of the British pound in exactly the same way oil is related to the UNITED STATES dollar. A stronger British pound is normally probable to lead to weaker gasoline costs and vice versa.
Elsewhere globally, "easing tensions" between Iran and western countries might become a big factor in electricity costs going forward, predicted the market report.
Mr Blay said: "Middle Eastern supply risk premium is easing due to expectations of improved relationships between the West and Iran following the change of direction."
Coal prices "continue to plummet" as supplies stay "ample" despite more than three years of decreasing gas prices, underlining the "present profitability of coal a generation fuel over gas", he added.