Page 1 of 23
The UK Government has promised to move quickly to reinstate the Capacity Market after the European Court of Justice removed its state aid approval. The ruling prevents the government from holding future auctions and making payments under existing agreements. Technology firm Tempus Energy had brought the case after claiming the Capacity Market gave an unfair advantage to power stations. The court ruled that the European Commission had not considered properly the role of demand-side response wh...
20 11 2018
News article - 20 November 2018
Trade body Energy UK has welcomed progress between the UK Government and the European Union (EU) over the withdrawal agreement, which the organisation hopes “will avoid the cliff-edge scenario that would be so damaging for the energy sector and its customers”. Both parties have agreed to “technical cooperation between electricity… networks operations” through a new framework. They have also proposed mechanisms to “ensure security of supply and “efficient trade over interconnectors over differe...
20 11 2018
News article - 20 November 2018
The UK has dropped one place to eighth position in accountancy firm EY’s Renewable Energy Country Attractiveness Index (RECAI) following uncertainty over the outcome of Brexit. Investors are worried about how the UK’s exit from the European Union will affect the price at which it can export power to the continent and the cost of importing equipment. During the third quarter, investment fell by 43% year-on-year. China retained the top spot, followed by the United States, amid trade tensions be...
13 11 2018
News article - 13 November 2018
Chancellor Philip Hammond should use this autumn’s Budget to introduce a carbon tax covering the whole economy, according to the Policy Exchange think tank. Its proposal has received backing from former Chancellor Lord Darling and ex-Tory leader Lord Howard. The think tank noted that Energy Minister Claire Parry has committed the UK to using some form of carbon pricing post-Brexit. Options include introducing an independent carbon tax or remaining in the European Union Emissions Trading Schem...
16 10 2018
News article - 16 October 2018
The UK government will ensure renewable energy “Guarantees of Origin” issued in European Union countries will continued to be recognised in the event of a no deal Brexit, the Department for Business, Energy & Industrial Strategy (BEIS) has said. In guidance issued under the heading “Generating low-carbon electricity if there’s no Brexit deal”, the department said it means electricity suppliers can continue to use EU Renewable Energy Guarantees of Origin, and will existing supply contracts w...
02 10 2018
News article - 2 October 2018