Louise Kingham, chief executive of the Energy Institute, said: “The strategy lays solid, economy-wide foundations and identifies the great challenges of our age. The energy sector has a defining role to play in making a success for the UK of clean…
News
Launch of Ventient Energy brings new player to onshore wind sector
by New Power • • Comments Off
Ventient Energy launches today. It is the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind. The company is seeking growth: chief executive Scott Mackenzie said, “The UK onshore wind market is fragmented, and Ventient Energy…
Pensions investments tilting towards low-carbon
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The 2015 COP Paris climate conference was a “game changer” and more global pension funds are pricing climate risk into their portfolios, according to a new survey by Create Research. It found that among the funds, “impact investing – the…
Opinion: The ‘coal’ truth is we need a gas resurgence
by Annabel Andrews • • Comments Off
Peter Hughes argues that the UK still needs large gas plant In the chronicles of Great Britain’s energy industry, 2017 will go down as a significant year. At a time already characterised by change and uncertainty, two events stand out.…
Shetland link cancelled after power station pollution limits delay
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Ofgem has rejected plans for an electricity cable between Shetland and mainland GB, because a change in environmental legislation means it is not needed urgently. The regulator said cheaper options could now be employed and would be more flexible to…
‘Deep concern’ over renewables investment: industry responds to budget
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No new funds will be made available for the Levy Control Framework, which funds new renewable electricity projects, until at least 2025, according to budget documents. Auctions planned to 2020 will go ahead. There was also little clarity on a…
Hinkley Point C: government made ‘grave strategic errors’ and customers will bear the cost for decades, says Public Accounts Committee
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MPs on the Public Accounts Committee have blasted the government for its “blinkered determination” to agree a deal on a new nuclear plant at Hinkley Point C, ”regardless of changing circumstances”. It said government should have considered the case for different financing structures where risk was shared, although it…
Ofgem reiterates need for reliable market information as it publishes Remit data
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Ofgem has carried out 11 investigations into behaviour in energy markets, taken forward from 677 ‘alerts’ about potentially concerning behaviour, since 2013. the regulator said. The figures came in an update on outcomes of the EU’s ‘Remit’ reporting system…
NGN and ITM team up to look at power-to-gas storage feasibility
by Annabel Andrews • • Comments Off
Northern Gas Networks and ITM Power are to collaborate on a power-to-gas energy storage study. Funding for the study was secured from the Department for Business, Energy and Industrial Strategy (BEIS) as part of its Energy Storage Feasibility Study Competition…
UK enters top ten for clean energy, according to Imperial College and Drax
by Annabel Andrews • • Comments Off
The UK’s electricity is now amongst the cleanest in the world – having moved 13 places up the global rankings to be placed at number seven in terms of the carbon content of its electricity among large and industrialised countries. According…