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5 years ago
The Welsh Affairs Committee has launched an inquiry into how the UK Government can best support the development of the principality’s renewable energy resources.
Utility Week’s policy correspondent David Blackman discusses the implications on the utilities sector of Boris Johnson’s plan for a “green industrial revolution”. He assesses the winners and losers from the speech, as well as the areas where question marks remain.
The government has pledged to set out details next year of new mechanisms to help both its target to dramatically increase the uptake of heat pumps and the UK’s fledgling hydrogen and carbon capture industries. The details are included in a policy paper giving further clarity on the prime minister’s 10-point plan for a green industrial revolution.
The government is “looking at” amending Ofgem’s remit to explicitly reflect the net-zero 2050 target that was enshrined in legislation last year, the energy minister has said.
Energy acquisitions by foreign companies will be screened for potential national security implications, under new legislation.
Labour has proposed at least £30 billion of investment in low-carbon sectors in the next 18 months. The party criticised regulatory barriers holding back investment in offshore wind and insisted Contracts for Difference auctions should be held every year to speed up and smooth out the delivery of projects.