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This weekend after party conferences from Labour and the Conservatives, pledges and promises have been scrutinised in the news including the potential cost to re-nationalise the energy grid; elsewhere, proposals by water companies to raise bills to invest record sums face backlash while smart metering gets a boost.
1 year ago
The Department for Environment Food & Rural Affairs (Defra) has updated on its own performance towards reducing greenhouse emissions. Defra had set itself a target of reducing its overall GHG emissions by 50% by 2025 (from a 2017/ 18 baseline). According to the department’s annual Greening Government Commitments performance update, as of the end of March 2023 levels had reduced by 30%.
Ofgem has appointed five new non-executive directors to bolster its board. The appointments include former employees of the likes of Ofwat, Thames Water and Drax, as well as an ex-government adviser and a former member of the European Parliament.
Wholesale market reform could deliver “permanent” social tariffs by scrapping existing “pile it high, sell it cheap” retail arrangements and enabling low income customers to benefit from cheaper, renewable electricity, Alan Whitehead has claimed. In a fringe meeting at the Labour Party conference, the shadow energy security minister outlined what he acknowledged is the opposition’s “not finalized” thinking on reforms to the retail and wholesale markets. If elected, an incoming Labour government’s “day one” priorities would include fixing the electricity grid and setting up its Great British Energy public company, he said.
Anglian Water has proposed to spend more than £9 billion over the next asset management period – an increase of more than two thirds when compared to £5.3 billion of total expenditure allowed by Ofwat in its final determinations for PR19. Under its PR24 business plan for 2025 to 2030, the company said its expenditure on the environment would more than double to around £4 billion.
Despite low customer support in decarbonising water assets, the sector has proposed spending £1.3 billion in the next asset management period (AMP8) to reduce greenhouse gas emissions as it works towards operational net zero in 2030 and true net zero by 2050. Utility Week unpicks each company's PR24 business plan to see where the proposed investment will be spent.
Yorkshire Water has begun £10 million upgrades to a wastewater treatment site in Dronfield to remove phosphorus from treated effluent and improve water quality in the river Drone. The project is part of a wider investment of £500 million to reduce excess nutrients entering waterways across Yorkshire's region.
A Labour government would hand greater powers to the Future Systems Operator (FSO) and give its public-owned GB Energy company scope to be lead investor on projects, Alan Whitehead has revealed. In a fringe meeting at the Labour Party Conference, the shadow energy security minister fleshed out the opposition’s reformation plans for the sector while ruling out nationalisation.