Does the electricity market need a carbon tax?

The carbon floor price could lead to consumers paying more than they need to, according to the Chief Operating Officer of RWE npower. Kevin McCulloch told ELN that the price introduced in the Electricty Market Reform also favoured certain generators more than others: “The guys who don’t have to pay the tax, who are the […]

Huhne: EMR is "biggest change to market since privatisation"

Chris Huhne today laid out the “biggest change since privatisation” to the electricity market. The Energy Secretary announced the publication of the Electricity Market Reform (EMR) White Paper at Westminster this afternoon. The EMR is the Coalition’s plan to steer the UK towards low carbon energy. Over the next decade a quarter of the UK’s […]

Nuclear and renewables will be carbon price floor winners

Renewables and nuclear will be the long-term winners of the introduction of a UK carbon price floor. And the phase-out of coal and older gas plant could be accelerated by the floor price. These are the claims of London consultants Redpoint Energy, which helped the Treasury and DECC with carbon price analysis. After today’s Budget […]

Carbon price floor policy will not win over investors

The government’s existing carbon price floor policy will fail to give confidence to investors. That’s the claim of investment manager and advisory group Climate Change Capital, which says investors will look negatively at the current policy because it will be implemented through the tax system. Climate Change Capital states that investors would have to hope […]

Deadline set for carbon floor price and Green Bank

David Cameron today unveiled an energy blueprint to drive home his ambitions for a low carbon economy. And the Carbon Plan sets a series of deadlines which the government believes will put the green economy at the top the agenda both in Westminster and the boardrooms of big business. These include milestones for the Green […]

Consultancy wants to see government action on energy

The UK’s largest independent energy consultancy McKinnon & Clarke has said that while the government is “saying the right things” about energy, it is “not yet backing it up with real action”. Energy analyst for McKinnon & Clarke David Hunter said: “We are heartened by Charles Hendry’s comments to the Nuclear Industry Forum on how […]