Low carbon policies having ‘limited impact’ on businesses

Low carbon policies having ‘limited impact’ on businesses

Low-carbon policies are increasing energy prices for businesses but are only having a limited impact on total costs for the majority, according to a report from The Committee on Climate Change (CCC).

The ‘Energy Prices and Bills’ report from the Government’s adviser on climate change also said that improvements in energy efficiency have more than cancelled out the cost of supporting renewable energy since the Climate Change Act was passed.

It also highlighted the significant growth and jobs...

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Sector Round Up - 21st March 2017

Wave projects win £7.5m funding

Wave Energy Scotland has chosen three technologies to progress to the third stage of its power take-off (PTO) development programme.

Three consortia will each receive just under £2.5 million.

The three groups are being led by Artemis Intelligent Power, the University of Edinburgh and Umbra Cuscinetti from Italy.

> Find out more about Wave Energy Scotland

Hydropower market could top £86bn by 2025

GobalData predicts that the global hydro-electric power...

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Carbon emissions would have risen 21% without price support claims research

Great Britain’s carbon dioxide emissions would have jumped by the equivalent of 16 million tonnes of carbon in 2016 to 92 million tonnes if the Carbon Floor Price (CFP) had been scrapped, according to a report.

Such high levels of emissions have not been recorded since the 19th century.

That’s the conclusion of research commissioned by power station operator Drax and compiled by Imperial College London.

Doubling the CFP to £36/tonne would have cut carbon dioxide output by 10%, the research...

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Co-op Energy in community projects drive

Co-op Energy, part of the Midcounties Co-operative, has launched a community energy strategy.

The energy company has also pledged to do more towards local supply innovation, customer engagement and lobbying for good.

In its strategy it said the UK energy market was skewed toward a handful of large incumbent corporations who control more than 80% of supply.

“At the same time, the penetration of renewables in UK energy supply is still some of the poorest in Europe.”

It said it was vital to...

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National Grid in talks over using AI to balance UK energy

Google’s DeepMind artificial intelligence (AI) service is in discussions with National Grid to help balance Great Britain’s energy supply and demand.

Demis Hassabis, DeepMind’s Chief Executive, told the Financial Times newspaper: “We’re at early stages talking to National Grid and other big providers about how we could look at the sorts of problems they have.

“It would be amazing if you could save 10% of the country’s energy usage without any new infrastructure, just from optimisation. That’s ...

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Ofgem looks at review of network charging

Energy regulator Ofgem has launched a consultation on changes to network charging.

The watchdog believes the current system of network residual charges should be reviewed, as it said it has the potential to distort outcomes and increase charges for some consumers.

Ofgem is now seeking views on whether it should launch a Significant Code Review to consider these issues and are seeking views on the principles that should guide it if it proceeds with a review.

Residual charges largely relate to ...

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GB energy policy a ‘muddled mire’ argue academics

Great Britain’s energy policy is “dissolving into a muddled, mire of siloed, non-joined-up policy statements and calls for evidence”, according to a group of academics.

Researchers from the University of Exeter said the country needed to decide on the necessary arrangements to deliver its greenhouse gas-reduction targets – along with a cost-effective, smart, flexible, secure energy system – before it makes “even more costly and time-consuming mistakes”.

The academics said that there needed to ...

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Energy industry ‘left in limbo’ by Budget

Chancellor Philip Hammond’s maiden Budget has left the renewable energy in “limbo” and has raised “more questions than answers”, according to energy industry leaders.

The Chancellor said the Treasury would replace the Levy Control Framework (LCF) with a new set of controls but further details won’t be provided until later this year.

Although the Government also repeated its commitment to carbon pricing, the industry will also have to wait until Autumn for details.

There was disappointment from the ...

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UK carbon emissions fell 6% in 2016

Britain’s carbon dioxide emissions dropped by 5.8% last year thanks to coal use plummeting by a record 52%.

The UK’s emissions are now sitting at 36% below 1990 levels, according to analysis by the Carbon Brief website.

While emissions from coal fell, carbon dioxide output from burning gas climbed by 12.5%, while oil’s emissions rose by 1.6%.

Carbon Brief’s analysis comes ahead of the official Department for Business, Energy & Industrial Strategy (BEIS) figures, which are due to be released on ...

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Energy efficiency projects on rise

British businesses are undertaking an increasing number of energy efficiency projects, according to a new survey.

Bloomberg New Energy Finance and Energy Efficiency Verification Specialists (EEVS) found that eight out of ten suppliers reported either stable or increasing orders over the past three months.

Smaller-value projects of between £50,000 and £100,000 drove the growth.

Heating, ventilation and air conditioning equipment posted “very strong” growth, followed by lighting.

Dip in big projects

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