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CfDs for existing generators could reduce energy bills

CfDs for existing generators could reduce energy bills

Allowing existing renewable and nuclear generators to participate in Contracts for Difference (CfD) auctions could save households more than £300 per year on energy bills, UK Energy Research Centre (UKERC) has suggested. A discussion paper published by UKERC said while the energy security strategy promised more nuclear and renewables, this will take time to build and as such it will take longer for the potential savings to be passed onto consumers.

3 years ago

Weekend press round-up: Hinkley Point B could be spared imminent closure

As the government rushes to secure the UK's energy supplies whilst weaning the country off Russian gas, there are reports that EDF's Hinkley Point B nuclear power station could be spared from imminent closure and that ministers are in talks with South Korea to help build the series of new nuclear plants promised by the prime minister. Meanwhile, the Liberal Democrats have released figures showing raw sewage was discharged into English bathing waters more than 25,000 times in 2021. This and more in Utility Week's latest round up of the weekend papers. 

3 years ago

ESO vets stalled connection bids to ease grid bottlenecks

3 years ago

Government risks missing carbon removal goal, MPs warn

The chair of Parliament’s Environmental Audit Committee has expressed a lack of confidence that the government will meet its target for the roll out greenhouse gas removal technologies. Based on the current rate of progress, Philip Dunne MP said it requires a “leap of faith” to see how the government will achieve its goal to suck five megatonnes of carbon dioxide from the atmosphere per year by 2030.

3 years ago

Octopus acquires stake in Lincs offshore wind farm

3 years ago

Rudd ‘surprised’ by ministers’ lack of fresh steps on energy bills

Former secretary of state for energy and climate change Amber Rudd has said she is “very surprised” that the government has not taken more action to tackle unaffordable energy bills, predicting the pressure to do will become “unstoppable” this autumn.

3 years ago

‘Continued strain’ of price cap takes toll on Scottish Power profits

Scottish Power's retail arm has recorded a £12 million loss for the first quarter of 2022, with the company citing the price cap methodology as causing a strain on earnings. The company, which at the end of March served 4.8 million customers, said earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by £118 million, or 111.5% year-on-year.

3 years ago

BEIS confirms plans to interconnect offshore wind clusters  

3 years ago

Ofgem considers introducing IDSOs to oversee local networks

3 years ago

UKPN announces 292MW flexibility tender

3 years ago

Octopus launches ‘dating agency’ to spur windfarm development

3 years ago

Northern Powergrid verified by Science-Based Targets Initiative

3 years ago

Does blue hydrogen still have a role to play?

3 years ago

Energy strategy misses small steps in favour of giant leaps

3 years ago

BEIS rejects move to more frequent RO settlement

Proposals for more frequent settlement of the renewables obligation scheme have been rejected by the government. BEIS said the recent market turmoil, conflicting responses to its consultation on the issue and in some places unclear steers from stakeholders, had informed its decision.

3 years ago

Kwarteng accused of ‘caving in’ to backbench onshore wind critics

3 years ago

Security plan: Kwarteng rebuffs energy efficiency critics

3 years ago

The storage question: Operability challenges in a net-zero system

3 years ago

How technology is driving efficiency in offshore construction

3 years ago

Centrica signs deal with Push Energy to build solar portfolio

3 years ago

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