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Record capacity auction to cost consumers £5.7bn

The latest four-year-ahead (T-4) Capacity Market auction will cost consumers £5.7 billion (2022 prices) over the 15-year period of the longest contracts, according to analysis of the preliminary results by Aurora Energy Research. The auction for delivery starting in 2026/27 cleared at a new record price for a T-4 auction of £63/kW/yr – more than double the previous high of £30.59/kW/yr seen in last year’s auction.

2 years ago

Heat pump target to stay despite industry warning

Government is sticking to its heat pump installation target, despite warnings from industry that doing so could undermine efforts to decarbonise the UK’s heating network. A new report by the Sustainable Energy Association (SEA) warns that focussing on a set target of heat pumps could in fact prove counterproductive in efforts to decarbonise the UK’s heating network.

2 years ago

Energy regulator looks to expand board

2 years ago

Hydrogen ‘mixed messages’ undermine boiler scheme

Government "mixed messaging" and "misinformation" about hydrogen’s future role in home heating is unhelpful because the fuel is "not a serious option in the short to medium-term", peers have warned. A Lords committee concludes that the uptake for the Boiler Upgrade Scheme has been undermined by government messaging on hydrogen.

2 years ago

T-4 capacity auction clears at record high price

2 years ago

Bevan calls for fact-based water debate

2 years ago

Ofgem seeks alternatives to forced PPM installs

2 years ago

Citizens Advice CW ends hydrogen village partnership with Cadent

2 years ago

Hinkley C’s £6bn cost hike tests UK’s nuclear resolve

2 years ago

Natwest CEO to chair energy efficiency taskforce

2 years ago

UK faces £62bn green investment shortfall

2 years ago

Portsmouth awards £208m reservoir contracts

2 years ago

Extreme weather events drive up Affinity leaks

2 years ago

‘Archaic’ Treasury rules threaten heat pump rollout

2 years ago

January sees record EBSS redemption rates

2 years ago

£250m water pollution fines ‘still on the table’

2 years ago

Thames Water seeks contractors for £500m framework

Thames Water has fired the starting gun on procurement of a £500 million framework relating to its above-ground assets. The 10-year framework covers water and wastewater assets and relates to all above ground plant, equipment and structures.

2 years ago

Weekend press round-up: Japanese owners put SES Water up for sale

The Japanese owners of SES Water are reportedly putting the business up for sale due to their reluctance to inject fresh equity into the highly-geared company. Meanwhile, Grant Shapps, head of the newly-formed Department for Energy Security and Net Zero, discusses his plans to make British energy the cheapest in Europe. This and more in Utility Week’s latest round-up of the weekend’s papers.

2 years ago

ESO saves £80m with early start to constraint management scheme

2 years ago

Water efficiency label edges closer

2 years ago