Energy capacity payments revealed a month early

The Government has revealed the strike prices to be paid to suppliers for generating renewable energy a month before it was expected to. A big chunk of cash was also put on the table for the Green Investment Bank, the UK’s new lending body for renewable power and efficiency projects. Announcing the new capacity payments […]

Market Solutions urged under EMR plans

SmartestEnergy, the leading purchaser and supplier of electricity from independent generators, has urged the Government to take a “market-friendly approach” as it finalises plans for reform of the electricity market. Although the company broadly supports the aims of Electricity Market Reform to promote renewables whilst ensuring security of supply, it is concerned that some of […]

EMR: the facts

The Department of Energy and Climate Change’s Electricity Market Reform (EMR) will be announced today. It’s seen as the blueprint for moving the UK economy towards a low carbon future. But what exactly is the EMR? When it was first proposed in December, the EMR was made up of: – A carbon price support – […]