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National Grid has given a mandate to Octopus Renewables to invest up to £185 million from its corporate pension scheme for the UK over the next 25 years.
6 years ago
Tackling climate change will be a “central priority” of March’s upcoming Budget, a Treasury minister has told the House of Commons.
Growth in low-carbon electricity generation stalled in 2019 despite almost a fourfold year-on-year increase in coal-free days. The figures have sparked calls for the government to go beyond its commitment to offshore wind and support other forms of renewables.
RWE and Orsted have agreed to pay £9 million for failings leading up to last year’s major power cut, while UK Power Networks will also pledge £1.5 million after reconnecting customers too early. Ofgem has also said “important questions” need to be answered about the structure and governance of the National Grid Electricity System Operator.
Speculation is rife that the new prime minister will re-introduce the department for energy and climate change, as part of a wider Whitehall restructure. David Blackman talks to industry experts about the mooted move and what it would mean for the net-zero journey.
The government has promised fresh investment in carbon capture and nuclear energy in its first post-election Budget next year, according to briefing notes accompanying the Queen’s Speech.
ENW says the move is a significant step towards becoming carbon neutral by 2038. Power will be generated by Walney windfarm off the coast of Cumbria.
The Conservative landslide in the 2019 election has reshaped parliament and the party, with a new breed of Tory MPs inspired by the impact green policies can have on their constituencies. With Boris Johnson now empowered to set his own agenda, what role will the net zero journey play in the legacy he is hoping to create?
Utility Week magazine editor Suzanne Heneghan reflects on why the new Conservative government must deliver on its campaign pledges to the regions.
The CCC chief has said:“The next six months in this country are more important than any six months since we started focusing on climate change. I hope the next administration will have a set of policies that make sense: if they don’t, you will hear from us more and more."