UK wind hits 20GW milestone

UK wind hits 20GW milestone

Wind generation capacity in the UK has hit the 20GW mark, enough to meet the annual power needs of more than 14 million homes.

The landmark total was reached after the opening of Ørsted’s 659MW Walney Extension off the coast of Cumbria earlier this month.

Industry body RenewableUK said the figures highlighted the huge contribution now being made by wind but also reiterated its call for the UK Government to allow future onshore projects to compete for contracts.

RenewableUK’s Executive...

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Renewables to account for 80% of electricity by 2050

Wind, solar and other forms of renewable energy will supply 80% of the world’s electricity needs by 2050, according to a new report.

Falling costs mean solar is expected to account for 40% of electricity generation, with wind chipping in a further 29%, the “Energy Transition Outlook 2018: Power Supply and Use” report by Norwegian risk management firm DNV GL said.

The rapid electrification of transport and manufacturing means electricity’s share of total energy demand is predicted to hit 45%...

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More than 130 MPs in net zero emissions call

A letter signed by 132 MPs and 51 peers has urged Prime Minister Theresa May to set a net zero emissions target for the UK economy.

The letter was delivered to Downing Street by Mary Creagh, Chair of the House of Commons’ Environmental Audi Committee, and Conservative MP Simon Clarke.

MPs who have signed the letter include Liberal Democrat Leader Sir Vince Cable, former Labour Leader Ed Miliband, and Green MP Caroline Lucas.

The politicians want the UK Government to extend the current target ...

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National Grid to trial frequency response auction

The electricity system operator is to run a two-year trial of frequency response auctions.

National Grid said that it will begin the experiment in June 2019.

Auctions will be held each Friday morning, with results published early in the afternoon and the first delivery window opening at 11pm.

The operator will publish its requirements during the week before the auction.

New platform

Auctions will cover high-frequency dynamic response, low-frequency dynamic response, high-frequency static...

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Solar on track to be Europe’s most competitive energy source by 2020

Lifting trade sanctions against China could reduce the cost of solar panels by 30%, according to an investment firm.

Lowering the price of panels could bring benefits within weeks and may make solar Europe’s cheapest form of energy by 2020, the Sun Investment Group said.

The Europe Union (EU) introduced a tariff of up to 64.9% on Chinese solar panels in 2013 after accusing the Communist state of dumping panels on the European market to harm local manufacturers.

Its decision to lift remove...

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Fossil fuel demand to peak soon – report

Falling costs for batteries and renewable energy means demand for fossil fuels is expected to peak in the 2020s, according to the latest report from Carbon Tracker.

Demand for oil, gas and coal is also stalling due to emerging economies adopting renewable energy and the Paris Agreement driving government policy, the report said.

Kingsmill Bond, Carbon Tracker New Energy Strategist and author of the report, said: “The 2020s will be the decade of fossil fuel demand peaks, as one bastion after...

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18/09/2018 - Sector Round Up

SSE sees shares fall after disappointing results

Shares in SSE fell after the energy company issued a profit warning.

The company said that the hot summer, higher gas prices, and the looming price cap on standard variable tariffs had dented its performance.

Chief Executive Alistair Phillips-Davies admitted: “Lower-than-expected output of renewable energy and higher than expected gas prices mean that SSE’s financial performance in the first five months has been disappointing and regrettable”

...

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Network firms join forces to boost renewables

Electricity grid operators have hailed a partnership aimed at keeping more renewable energy flowing into the system as a major success.

The group of four businesses - National Grid, Scottish & Southern Electricity Networks, UK Power Networks and Western Power Distribution - installed a new system for connecting renewables into the grid, which is designed to reduce the number of interruptions to supply.

The firms estimate it currently costs £40 million a year to deal with sudden changes to ...

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Businesses urge energy focus over Brexit

The UK’s agreement to leave the European Union (EU) must include measures to create a more prosperous energy sector and tackle climate change, according to an open letter signed by an alliance of companies and organisations.

The group – which includes power firm EDF, consumer products manufacturer Unilever, and trade bodies such as Energy UK, the Energy Networks Association and RenewableUK – wants a dedicated chapter on energy and climate change in the final documents.

Its letter to Prime...

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Energy price cap to save consumers £75 a year says Ofgem

More than 11 million customers are poised to benefit from Ofgem’s price cap, according to the energy regulator.

The watchdog said the average consumer will save £75 a year under its proposals and in total, customers are predicted to save £1 billion.

The regulator’s proposals set the price cap at £1,136 per year for a typical dual fuel customer paying by direct debit.

Ofgem aims to confirm the price cap in November, ready for it to be introduced at the end of the year.

Six-month review

The...

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