The Informer

Net zero target welcomed by energy industry

Energy sector leaders have welcomed the UK Government’s decision to legislate for an end to carbon dioxide emissions but environmentalists have called for faster action.

Lawrence Slade, Chief Executive of trade body Energy UK, said: “This exciting commitment from the Government to meeting the 2050 net-zero target will see the UK continue its world-leading role in tackling climate change, and the energy sector is ready to lead further progress which will deliver benefits for the environment,...

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Capacity Market auction clears at record low

The delayed T-1 capacity auction for delivery next winter has cleared at 77p/kW, a record low since the mechanism was introduced.

In total, 129 units were awarded an agreement, totalling 3.6GW of capacity. Reciprocating engines were the biggest winners with 45 agreements followed by CHP with 29.

Demand-side response providers also won agreements covering some 200MW of capacity. Only 6 battery storage projects were successful.

Around 9.4GW of de-rated Capacity entered this year’s T-1, more...

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Onshore wind farms ‘could save £50 a year on energy bills’

The cost of electricity would fall by 7% if the UK Government followed its advisor’s recommendation to increase onshore wind power production.

The Committee on Climate Change advised ministers to nearly triple the UK’s onshore wind power capacity from 13GW at present to 35GW by 2035.

A separate report by Vivid Economics has now quantified the benefits, calculating that erecting wind turbines instead of building gas-fired power stations would ensure household electricity bills were £50 lower...

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Businesses urge corporate PPA barriers to be removed

European Union (EU) Energy Commissioner Maros Sefcovic has been lobbied by businesses to remove barriers to corporate power purchase agreements (PPAs) being signed.

The companies, under the auspices of the RE-Source Platform, called for the commissioner to reform the system in his forthcoming recommendations to national governments.

Their letter to the commissioner said corporate PPAs could play a “decisive role” in helping member states to meet the EU’s 32% renewable energy target for 2030.

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Carbon emissions from energy industry on rise

A new report from oil giant BP has warned that global carbon dioxide emissions are still on an “unsustainable path”.

The company’s 68th annual “Statistical Review of World Energy” found global emissions rose by 2% in 2018, their fastest pace since 2011.

Natural gas consumption and production was up by more than 5%, one of the strongest rates of growth for both demand and output for more than 30 years.

Coal consumption and production both increased for the second year in a row, following...

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Fiddlers Ferry set to close in latest blow to coal

SSE has unveiled plans to close its Fiddlers Ferry coal-fired power station in Cheshire.

The closure of the station’s first unit was announced in March, with its owner now proposing to close the remaining unit in March 2020.

Fiddlers Ferry is SSE’s final coal-fired power station.

The company employs 158 workers at the site and said it wants to avoid compulsory redundancies, instead offering enhanced voluntary redundancy terms or alternative jobs within the group or decommissioning the...

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18/06/2019 - Sector Round Up

National Grid makes raft of innovation investments

Four companies and two funds are to benefit from investments from National Grid Partners, the power network operator’s innovation arm.

NGP is investing in the IQ Capital Fund III and the Jerusalem Venture Partners VIII Fund, building on its previous investment in the Energy Impact Fund.

The firm is also investing in Audio Analytic, Carbon Lighthouse, Copperleaf and GoCardless, taking its direct investments in companies to 12.

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Boost for small-scale generators as export scheme confirmed

Businesses and homes that generate their own renewable power from small-scale installations and export it to the grid will be guaranteed a payment from energy suppliers after the UK Government confirmed its plans for a new support scheme.

The Smart Export Guarantee (SEG), which comes after the closure of the Feed-in Tariff scheme, will apply to generators installing solar, wind or other forms of renewable generation with a capacity up to 5MW.

The SEG will place a legal obligation on energy...

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Renewables ‘insurance policy’ against nuclear gap

Increasing renewable energy capacity would serve as an insurance policy against a possible ‘nuclear gap’ in Britain’s low-carbon power pipeline caused by early closure of ageing reactors, a new report finds.

The report, 'Cracks in the System', by the Energy and Climate Intelligence Unit (ECIU), examines the effects of the UK’s existing nuclear power stations closing earlier than government expects. It finds that this would exacerbate the problems caused by cancellation of new nuclear stations.

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Key role for bioenergy in decarbonisation

Harnessing biomass and other forms of bioenergy will be “core” to the UK meeting its fifth carbon budget, according to a new report.

Phase two of the Renewable Energy Association’s (REA’s) bioenergy strategy said using biomass, biofuels and anaerobic digestion would not only meet the projected shortfall in the carbon budget, but would also fill the impending nuclear gap by providing an additional 117 TWh across heat, transport and power.

The trade body said its vision would see bioenergy’s...

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