Government ‘must outline energy investment framework’

The UK Government needs to give businesses certainty by outlining an energy investment framework as soon as possible. That’s the view of Carolyn Fairbairn, Director-General at business group CBI, who says the government must create a pro-market, pro-enterprise partnership to unlock a “golden age of infrastructure development” across the country. Speaking at the National Infrastructure Forum, […]

DECC promises greater investor certainty with new draft EMR

Up to £110 billion worth of investment for new electricity infrastructure in the UK will be delivered by 2020, the Government claims. It published the draft Electricity Reform Delivery Plan for consultation today, pledging it will provide further certainty for investors to support new energy infrastructure in the hope of keeping the lights on and […]

Investment in low carbon technologies could save £100bn

The UK could save as much as £100 billion if it made more investments in low carbon technologies rather than fossil fuels. A new report published today by the Committee on Climate Change suggests low carbon investments could create significant economic benefits, saving consumers between £25-£45 billion, which could rise to £100 billion with higher […]

New programme to help build renewable projects ‘more quickly’

Developers interested in generating renewable electricity will now be able to commission and build projects “more quickly” under a new programme announced today. It aims to help low carbon electricity project developers make final investment decisions ahead of the changes to the electricity market next year, i.e. the Contracts for Difference (CfD) scheme being put […]

CRC fails to give firms’ long-term policy certainty

The UK’s carbon reduction scheme is still failing to give businesses the long-term policy certainty and it needs to have “robust and timely data” to make sure it remains effective. That’s the view of the Institute of Environmental management & Assessment (IEMA), which made the comment following the delayed publication of the Carbon Reduction Commitment […]

DECC unveils new plans for renewable heat scheme

The UK Government has today set out renewable heat scheme plans for commercial, industrial and community organisations. The new updates include a fixed budget for each year of the Renewable Heat Incentive (RHI) to ensure the scheme remains “financially sustainable” and offers good value for money to the taxpayer. DECC said the RHI is designed […]

UK’s electricity market reform ‘risking jobs and investment’

The UK Government’s electricity market reform (EMR) is risking thousands of jobs and investment in the offshore wind industry. Scotland’s Energy Minister Fergus Ewing (pictured) warned the proposals in the Energy Bill “lack measures” to give investors confidence beyond 2020 and is putting the UK at a disadvantage compared to countries like Germany, which has […]

Fergus Ewing: We can’t afford to get reforms wrong

Scotland’s Energy Minister said we can’t afford to get the electricity reform wrong as he called on the UK Government to work together. During a debate on the UK’s draft Energy Bill yesterday, Fergus Ewing said the Bill had great potential but warned the continued uncertainty on the reforms was damaging investor confidence. He also […]