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Budget boost unlikely to shift prospects for next CfD round

The government’s eleventh hour £20 million budget boost for next month’s Contracts for Difference (CfD) auction will not significantly increase the chances of a successful exercise, says a new report that outlines how overhauling the renewables subsidy scheme’s rules could cut customers’ bills. Ministers increased the size of the budget allocated for Allocation Round 5 (AR5) of the CfD from £170 million to £190 million as part of its wider set of energy week announcements earlier this month. The results of the allocation round are due to be unveiled in early September.

2 years ago

Ofgem seeks views on how to ramp up domestic flexibility

2 years ago

Why financial support this winter makes sense

2 years ago

Orsted pulls out of green hydrogen fund bid

Orsted has withdrawn from the first round of the government’s green hydrogen support programme. The Department for Energy Security and Net Zero (DESNZ) has announced that 17 projects have been invited to negotiations to secure funding through the first allocation of its Net Zero Hydrogen Fund. Another three projects, which were shortlisted by DESNZ earlier this year and include Orsted's Gigastack project, have withdrawn from the process.

2 years ago

Octopus calls for cap on energy broker commissions

2 years ago

Pinchbeck warns against complacency on renewables

The UK is “resting on its laurels” from past successes in rolling out offshore wind and has under-estimated the speed of progress elsewhere, Emma Pinchbeck has said. The Energy UK chief executive also warned that increased competition for investment makes it important for Britain to maintain its cross-party consensus on tackling climate change

2 years ago