David Blackman

Revenue cap powers ‘inappropriate’ and unjustified

Revenue cap won’t stymie investment, minister insists

Party pledges spark utility fears

Following the party conferences and the recent political and economic turmoil, Utility Week policy correspondent David Blacks asks whether utilities have more to fear from the policies of the Conservatives or Labour.

Revenue cap tilting the field towards fossil fuels

Revenue cap ‘at odds’ with fossil fuel reduction goals

The government’s failure to include investment allowances in its proposed cap on low-carbon generation revenues is “at odds” with its goal to cut dependency on fossil fuels, the chair of the Business, Energy and Industrial Strategy (BEIS) Committee has argued. Darren Jones has written to BEIS secretary Jacob Rees-Mogg outlining a series of concerns about the Energy Prices Bill, which was announced last week and is due to be rushed through Parliament this week.

Hunt cuts back energy bills support scheme

Inconsistent renewables stance giving investors ‘whiplash’

Government inconsistency on planning renewable energy has left investors reeling, one of the world’s leading investors in clean power has warned. Simon Maine, of Brookfield, said he would be “amazed” if renewable generation developers pushed ahead with projects until the government publishes figures on the level of the revenue cap on low-carbon generators.

No cut off date for revenue cap is ‘troubling’, says Pinchbeck

Ministers ‘wrestling’ to prevent revenue cap from undermining investment

The government is “wrestling” to make sure its plans to cap the windfall revenues being captured by low-carbon generators on the back of massively increased gas prices do not undermine future investment, the climate minister has said. Giving evidence to the House of Commons Environmental Audit Committee, Graham Stuart said the objective of the Energy Prices Bill introduced to Parliament on Wednesday (12 October) is to ensure “no firms" should “unduly” profit from the Russian invasion of Ukraine at the “expense” of UK consumers.

Government legislates to cap low-carbon power revenues