12/03/20 – Useful Links

Interesting links, articles, news and blog posts sent out to members on 12/03/20


News:  Budget 2020: Investment falls short of ‘strides’ needed for net zero – Current News
11 March 2020, Molly Lempriere.  Chancellor Rishi Sunak, just a month into the job following February’s cabinet reshuffle, presented the nation’s Budget today (11 March) under the shadow of the COVID-19 (coronavirus) outbreak:

Budget 2020: Investment falls short of ‘strides’ needed for net zero

News: Budget 2020: Carbon capture given £800 million boost as renewables sidestepped – Current News
11 March 2020, Alice Grundy.  Funding boosts for carbon capture and storage (CCS), electric vehicles (EVs) and nuclear announced, as renewables are once again absent from the UK’s Budget:

Budget 2020: Carbon capture given £800 million boost as renewables sidestepped

 News: BUDGET 2020: Mixed news for energy duties in budget – City AM
11 March 2020, Jack Richardson.  The chancellor has announced a freeze in electricity duty but from April 2022, gas duty will increase:

BUDGET 2020: Mixed news for energy duties in budget

News: Heat energy “greatest decarbonisation challenge” – Networks Online
11 March 2020, Barnaby Dracup.  A new paper identifies that heat energy, which now accounts for over a third of the UK’s carbon emissions, is the greatest decarbonisation challenge the UK faces to reach net zero:

Heat energy “greatest decarbonisation challenge”

News: British Gas launches the cheapest big six deal since 2016 – Money Saving Expert
10 March 2020, Andrew Capstick.  British Gas has launched the cheapest big six deal in almost three and a half years, as energy prices continue to fall throughout the market:

British Gas launches the cheapest big six deal since 2016

Policy paper: Legislation for a UK Emissions Trading System – HM Revenue & Customs
11 March 2020.  This Tax Information and Impact Note is about legislation for a new UK Emissions Trading System:

Legislation for a UK Emissions Trading System

News: T-4 Capacity Market clearing price jumps to £15/kW as new build assets secure over 100MW – Current News
9 March 2020, Alice Grundy.  Last week’s T-4 Capacity Market clearing price jumped to £15.97/kW/y, as over 100MW of storage was awarded contracts. The clearing price is almost double that of the previous auction, which cleared at £8.50/kW/y, resulting in 117.0237MW of battery storage being awarded contracts:

https://go.pardot.com/e/83602/build-assets-secure-over-100mw/g76l4w/544264840?h=-yy70QCVecxTzAiKtxVJd3J7AJTCQ9o84YVQ7JaQQmM

 News: Oil prices: FTSE energy stocks tumble after Opec coronavirus chaos – City AM
9 March 2020, Jack Richardson.  FTSE 100-listed energy stocks have crumbled in early trading after Saudi Arabia initiated a price war that saw oil prices collapse today:

https://www.cityam.com/ftse-energy-stocks-crash-after-coronavirus-sends-oil-prices-spiralling/

 Open Letter: Electricity Network Access and Forward-Looking Charging Review: Open Letter on our shortlisted policy options – Ofgem
9 March 2020.  In December 2018, we launched a Significant Code Review (SCR) into electricty network access and forward-looking charging. The objective of the SCR is to ensure that electricity networks are used efficiently and flexibly, reflecting users’ needs and allowing consumers to benefit from new technologies and services while avoiding unnecessary costs on energy bills in general:

Electricity Network Access and Forward-Looking Charging Review: Open Letter on our shortlisted policy options

 News: Multiple House of Lords committees launch climate change inquiries – Edie.net
6 March 2020.  Five House of Lords committees will quiz government representatives and external climate experts on topics ranging from internal carbon markets to climate impacts on migration, in a bid to strengthen preparations for the COP 26 climate summit:

Multiple House of Lords committees launch climate change inquiries



News:  UK confirms onshore wind CfD return – ReNews.Biz
2 March 2020.  Boris Johnson’s UK government has confirmed that onshore wind will be eligible to compete in the next Contracts for Difference round, which is to take place in 2021:
UK onshore wind ‘set for CfD breakthrough’

News:  Government must secure the UK’s energy independence by investing in domestic production – Politics Home
2 March 2020, Peter Aldous MP. “We need to diversify our energy portfolio by moving away from fossil fuels and backing low-carbon technology fit for our net zero future”:
Peter Aldous MP: Government must secure the UK’s energy independence by investing in …

 News: Electricity system price rockets to £2,242/MWh as questions raised over calculation methods – Current News
5 March 2020.  The UK’s electricity system price spiked to £2,242/MWh last night (4 March 2020) following lower than expected wind generation during the evening peak:

Electricity system price rockets to £2,242/MWh as questions raised over calculation methods

News: Hydrogen and bioenergy alongside renewables offer cheaper route to net zero than nuclear, finds NIC – Current News
6 March 2020, Molly Lempriere.  New technologies, rather than nuclear, could offer a faster and cheap route to net zero:

Hydrogen and bioenergy alongside renewables offer cheaper route to net zero than nuclear, finds NIC

 News: Government urged (again) to revamp low-carbon homes plan – Edie.net
8 March 2020. The Government has yet again been urged to reconsider proposed approaches to energy efficiency in housebuilding, after a coalition of councils urged Ministers to remove restrictions that would inhibit higher standards being set:

Government urged (again) to revamp low-carbon homes plan

Speech: COP26 President Alok Sharma’s briefing to UN member states – Department for Business, Energy & Industrial Strategy and The Rt Hon Alok Sharma MP
8 March 2020. The Rt Hon Alok Sharma MP’s first speech as COP26 President Designate at the UN with the Secretary-General, Italian Permanent Representation and British Ambassador to the United States:

Statement by Business Secretary and COP26 President, Alok Sharma, at the COP26 Briefing to all Member States at the United Nations, New York

News: More offshore wind will be needed to hit net zero than previously thought, says BEIS – Current News
4 March 2020, Molly Lempriere.  Hitting net zero by 2050 will require more offshore wind power than was originally envisioned by the government, according to the Department of Business Energy and Industrial Strategy (BEIS):

More offshore wind will be needed to hit net zero than previously thought, says BEIS

 News:  Forging ahead: Five things we learned at the Energy Storage Summit 2020 – Energy Storage News
4 March 2020, Alice Grundy.  The Energy Storage Summit, held at the Victoria Park Plaza in London, brought together some of the biggest and best the industry has to offer:

Forging ahead: Five things we learned at the Energy Storage Summit 2020

 News: Spend £8bn to kickstart plan to decarbonise economy, chancellor told – Guardian Online
4 March 2020, Phillip Inman. The author of a groundbreaking report on the economic impact of climate change has called on Rishi Sunak to spend more than £8bn in his first budget next week to kickstart a “massive and long-term” boost to “zero-carbon infrastructure, new skills and sustainable innovation”:

https://www.theguardian.com/uk-news/2020/mar/04/spend-8bn-to-kickstart-plan-to-decarbonise-economy-chancellor-told

 Analysis: UK’s CO2 emissions have fallen 29% over the past decade – Carbon Brief
3 March 2020, Simon Evans. The UK’s CO2 emissions fell by 2.9% in 2019, according to Carbon Brief analysis. This brings the total reduction to 29% over the past decade since 2010, even as the economy grew by a fifth:

https://www.carbonbrief.org.analysis-uks-co2-emissions-have-fallen-29-per-cent-over-the-past-decade

News: Flexibility, onshore wind and innovation: The industry’s hopes for the energy white paper – Current News
2 March 2020, Molly Lempriere. The long awaited energy white paper is still due to be published just before the end of Q1, Baroness Bloomberg has confirmed:

Flexibility, onshore wind and innovation: The industry’s hopes for the energy white paper

 News: Onshore wind ‘brought in from the cold’ as government to allow Pot One CfD auction – Current News
2 March 2020, Molly Lempriere.  The government is to announce a new auction for both onshore wind and solar, following a four year block:

Onshore wind ‘brought in from the cold’ as government to allow Pot One CfD auction

 News: Businesses urged to fight climate change and cut costs – City AM
3 March 2020, Jack Richardson.  Businesses will be required to submit data on their carbon emissions, alongside their accounts, for the first time:

Businesses urged to fight climate change and cut costs

News:  Virginia Crosbie MP: We must embrace the economic and political opportunities of decarbonisation – Politics Home

2 March 2020, Virginia Crosbie MP.  Tidal energy, nuclear power, and a greener approach to international trade will set the UK on the path to decarbonisation:

Virginia Crosbie MP: We must embrace the economic and political opportunities of decarbonisation

 News: UK carbon emissions fall 28% in a decade, analysis shows – ITV News Online
3 March 2020. UK carbon dioxide emissions have fallen by 28% in the past decade, even as the economy has grown by a fifth, analysis suggests:

UK carbon emissions fall 28% in a decade, analysis shows

News:  Alan Whitehead MP: We need a programme of home improvement to make UK housing stock – Politics Home
3 March 2020. The Government has been edging down this path in recent years by focusing the energy companies obligation on fuel-poor households:

Alan Whitehead MP: We need a programme of home improvement to make UK housing stock …

Open consultation: Contracts for Difference (CfD): proposed amendments to the scheme 2020 – Department for Business, Energy & Industrial Strategy
2 March 2020. This consultation seeks views on a number of proposed changes to the Contracts for Difference (CfD) scheme to ensure it continues to support low carbon electricity generation at the lowest possible cost to consumers:

Contracts for Difference (CfD): proposed amendments to the scheme 2020

Press release: Millions more homes to be powered by renewables – Department for Business, Energy & Industrial Strategy and The Rt Hon Alok Sharma MP
2 March 2020.  Measures to promote new renewable electricity generation projects launched in boost for renewables supply chain:

Millions more homes to be powered by renewables

News: Energy white paper due end of March, whip confirms – Networks Online
28 February 2020, Elaine Knutt.  A government whip has confirmed that the delayed energy white paper, giving an indication of the government’s views on decarbonisation policy and the role of nuclear energy, is to be published by the end of March:

Energy white paper due end of March, whip confirms

Blog: Consumers hold the key to a successful EV revolution: the Energy White Paper cannot leave them out – Current News
28 February 2020, Jeff Casey.  The Government’s recent confirmation that the long-overdue energy white paper is to be published “in a matter of weeks” is welcome news. But the devil will be in the detail:
Consumers hold the key to a successful EV revolution: the Energy White Paper cannot leave them out

News:  Laying the path to Net Zero – Politics Home
2 March 2020, Ieuan Williams. To reach Net Zero we could be looking at the quadrupling of nuclear capacity, writes Ieuan Williams, Public Affairs Manager at the Nuclear Industry Association:
Laying the pathway to Net Zero

Blog – Jonathan Brearley: Stepping up to the net zero challenge – Ofgem
28 February 2020, Jonathan Brearley, Ofgem CEO – Perspectives stepping up to the net zero challenge:
Stepping up to the net zero challenge

Speech: COP26 President Alok Sharma at launch of COP26 Private Finance Agenda – Cabinet Office, Department for Business, Energy & Industrial Strategy, and The Rt Hon Alok Sharma MP
27 February 2020.  COP26 President Alok Sharma spoke at the launch of the COP26 Private Finance Agenda at Guildhall, London, on Thursday 27 February:
COP26 President Alok Sharma at launch of COP26 Private Finance Agenda

News: ‘Importance of the UK energy sector’ recognised as interconnectors included in Brexit negotiations outline – Current News
27 February 2020, Molly Lempriere.  Trading through interconnectors is set to be included in the upcoming Brexit negotiations between the UK and the European Union, after an energy agreement was included in government plans:
‘Importance of the UK energy sector’ recognised as interconnectors included in Brexit negotiations outline

News: UK energy storage sector kicking on after ‘Year Zero’ in 2019 – Energy Storage News
26 February 2020, Liam Stoker.  The UK energy storage sector is forging ahead after a landmark year in 2019 which saw maturing business models further the asset class’ role in the country’s energy system:
UK energy storage sector kicking on after ‘Year Zero’ in 2019

News: ‘Investing for net-zero must go mainstream’: COP26 finance strategy unveiled – Edie.net
28 February 2020. The UK has published its COP26 strategy to help private finance support a global economic transition to net-zero emissions, with a heavy focus on exploring mandatory reporting requirements for climate-related data:
‘Investing for net-zero must go mainstream’: COP26 finance strategy unveiled

  News: SMETS2 rollout hits four millionth installation milestone – Current News
27 February 2020. The smart meter rollout has hit a new milestone, as the Data Communications Company (DCC) confirms the installation of the four millionth second-generation smart meter (SMETS2):

SMETS2 rollout hits four millionth installation milestone

 News: Energy complaints only the tip of the iceberg – City AM
27 February 2020, Jack Richardson.  The true scale of customer dissatisfaction with the energy sector has been significantly underestimated, according to a new survey:

Energy complaints only the tip of the iceberg

 News: Offshore wind farms: Communities call for rethink on countryside cables – ITV News Online
26 February 2020. Communities, councils and businesses in Norfolk and Suffolk are trying to balance efforts to go green with a determination to protect the countryside:

Offshore wind farms: Communities call for rethink on countryside cables

News: Low income households pay three times more for energy than higher earners – Your Money
26 February 2020, Paloma Kubiak.  The most financially disadvantaged households are paying £60 more for their energy each year compared to those with the highest disposable income, research shows:

Low income households pay three times more for energy than higher earners

News: Action needed to ensure UK doesn’t miss flexibility opportunity, warns Energy UK – Current News
26 February 2020, Molly Lempriere.  A new report has called on the government to step up its efforts regarding flexibility in the UK, as it will be “crucial” to reaching net zero:

Action needed to ensure UK doesn’t miss flexibility opportunity, warns Energy UK

 Press release: UK energy statistics: 2019 provisional data – Department for Business, Energy & Industrial Strategy
27 February 2020.  December 2019 statistics that allow a provisional assessment to be made of trends in energy production and consumption in 2019:

UK energy statistics: 2019 provisional data

Report: Time to get on the front foot for flexible future – Energy UK
26 February 2020.  A new report published today urges the Government to step up progress with unleashing the potential of flexibility to deliver benefits for customers and the entire energy system:

https://www.energy-uk.org.uk/publication.html?task=file.download&id=7421

News: Lords Select Committee – EU Energy and Environment Sub-Committee: What does the EU’s carbon border adjustment mean for the UK? – Parliament UK
The EU Energy and Environment Sub-Committee takes evidence from academics on the implications of the EU’s proposed carbon border adjustment mechanism for the UK:

What does the EU’s carbon border adjustment mean for the UK?