Ofgem price control changes move ahead

Ofgem has set out its plans to bring in tougher price controls with lower expected returns for network companies.

The regulator has confirmed that the default length of the next price controls which set the revenue network owners can earn from charges to consumers from 2021 will be cut to five years.

The reduction from eight years is part of Ofgem’s plans to deliver savings of over £5bn to consumers through tougher price controls for energy networks.

There is no update to the 3%-5% cost of...

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MPs overestimate onshore wind opposition – survey

A new poll by YouGov’s Energy & Climate Intelligence Unit (ECIU) has found that MPs are overestimating public opposition to onshore wind farms.

The survey accused politicians of being unaware of the low cost of wind energy and its popularity with the public.

Only 8% of MPs knew wind was the cheapest form of energy, with 12% believing nuclear was cheaper.

Just 9% of elected members think public opposition to wind farms is below 5%, with more than half believing opposition to be running at ...

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Smart meter rollout costs £1bn higher than expected

A report from the British Infrastructure Group of Parliamentarians has warned that the roll out of smart meters could cost £1 billion more than previously estimated due to delays.

The paper said savings for dual-fuel customers could be as low as £26 a year and that the rollout was “almost certain” to miss its 2020 deadline.

“Mismanagement of programme developments and costs, exploitative commercial agreements, and a lack of their own installation capacity have left suppliers struggling to...

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UK leads on offshore wind but lags on onshore – report

A total of 911MW of offshore wind capacity was added in UK waters during the opening six months of the year, according to a new report from industry body WindEurope.

The UK accounted for the lion’s share of Europe’s 1.1GW of added offshore capacity, with Belgium chalking up 175MW and Denmark 28MW.

Pierre Tardieu, Chief Policy Officer at WindEurope, said: “In offshore wind, Europe is too dependent on the UK, which is striding ahead in current installations and in committing to future volumes.

...

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Corbyn attacks subsidy cuts

Labour leader Jeremy Corbyn has claimed his party’s industrial strategy will help to build solar farms, wind farms and tidal lagoons.

In a speech at the EEF Technology Hub, the leader of the opposition attacked the UK Government’s record on renewable energy, including support mechanisms.

“British solar firms were hit by cuts to subsidies in 2015 and 2016 and changes to business rates for buildings with rooftop panels,” Corbyn said.

“Why did the government do this? To save a few pounds in the ...

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31/07/2018 - Sector Round Up

Banks Renewables in funding deal

National Australia Bank and Santander are lending Banks Renewables £82 million to refinance seven of its wind farms.

The cash will allow the Durham-based property and energy group to fund further projects.

Banks currently has 224MW of capacity under construction or in operation, and a further 190MW in development.

> Read Banks' announcement

 

Construction on East Anglia ONE underway

ScottishPower has begun building a support hub in Lowestoft for its...

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Wind energy in £557m boost as next CfD auctions confirmed

The UK Government has confirmed the timetable for future Contracts for Difference (CfD) auctions in what has been hailed as a major boost for offshore wind and onshore projects on remote islands.

Energy and Clean Growth Minister Claire Perry has confirmed auctions will be held every two years from 2019, with £557 million being awarded.

The auctions are expected to deliver between 1GW and 2GW of offshore wind each year in the 2020s. The next CfD round will open by May next year.

Perry said:...

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Industry criticises ministers over absence of feed-in tariff replacement

A lack of proposals from the Department for Business, Energy & Industrial Strategy (BEIS) for the replacement of the feed-in tariff for small-scale renewables has been criticised by the renewable energy industry.

The UK Government has launched a consultation over the closure of the feed-in tariff on 31 March 2019, but has not announced a policy to replace it, instead launching a call for evidence looking for views on future support for renewables.

The consultation followed comments made...

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Ofgem sets out plans for major system reforms

Ofgem has set out plans for major system reforms to support the rollout of electric vehicles and accommodate more renewables and battery storage capacity on the system.

The regulator said more flexible use of the energy system will allow more electric vehicles to be charged from the existing grid and reduce the need for expensive new power stations and extra grid capacity to be built.

It is now consulting on plans which it said will reduce the cost to consumers of meeting the extra demand...

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Consumers prefer to buy from companies powered by renewable energy – survey

Nearly three-quarters of British customers would choose products from companies that use renewable energy over those that don’t, according to a new survey.

The poll looked at shopping habits at supermarkets, as well as food and beverages, clothing, electronics and beauty products.

Many consumers also said that they would be willing to pay more for products made using 100% renewable energy.

Jeff Whittingham, Managing Director of Ørsted Sales UK, which commissioned the survey, said: “We know...

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