The UK Government has reinforced its commitment to upgrade the UK’s energy infrastructure, outlining plans to provide £290m support for renewable energy projects and phase out unabated coal power generation by 2025. Business and Energy Secretary Greg Clark has today (9 November) confirmed that the second Contracts for Difference (CfD) auction, taking place in April 2017, will produce enough renewable electricity to power around one million homes and reduce carbon emissions by around 2.5 million tonnes per year from 2021/22 onwards. The next allocation round is for technologies such as offshore wind, anaerobic digestion (AD), combined heat and power (CHP), and wave, tidal stream and geothermal projects. The Government expects the auction to deliver cheap green energy for investors. The maximum price for offshore wind projects, for instance, is now 25% lower than was set for the last auction, and a competitive auction could further reduce that cost. The announcement arrives as the Government issues a consultation phase out electricity generation from unabated coal-fired power stations within the next decade. University College London (UCL) professor of international energy and climate change policy Michael Grubb said: “Outlining how and when coal plants will cease to operate will pave the way for new investment, including gas. Coal is already struggling economically and removing coal clarifies the market space for gas during the 2020s.
Edie 9th Nov 2016 read more »
The government’s next Autumn Statement needs to provide more clarity in its low carbon policies. That’s the call from the nuclear and renewable industry regarding the Tory Administration’s Spending Review to be announced later this month. The Nuclear Industry Association’s (NIA) CEO Tom Greatrex told ELN what the sector expects Theresa May’s government to clarify. Speaking at the Energy Live 2016 conference in London last week he said: “What we want from the Autumn Statement is some clarity on where the government stands in relation to some big important things: carbon price floor, what happens with the Levy Control Framework beyond 2021 which will affect the entire sector and also the government’s previous intention in relation to small modular reactors and what they want to do about that. James Court, Head of Policy at the Renewable Energy Association (REA) said the sector wants to know the government’s plans for renewables.
Energy Live News 10th Nov 2016 read more »