Government confirms strike price for geothermal projects

The UK Government has set a strike price of £140/MWh for geothermal projects with or without combined heat and power (CHP). It follows a consultation launched last year when the government outlined plans for £580 million of funding for the Contracts for Difference (CfD) scheme. Under the auction, low carbon generators are incentivised for the […]

Hinkley to cost UK consumers as much as £21bn

The Hinkley Point C (HPC) nuclear power plant will cost UK consumers as much as £21 billion over the lifetime of the project. EDF has negotiated a strike price of £92.50/MWh for the electricity it generates for 35 years with the UK Government under its Contracts for Difference (CfD) scheme. The final agreement was signed […]

Future nuclear projects ‘should expect lower strike price’

Developers of nuclear power plants in the future shouldn’t expect to receive the same level of support as agreed for EDF’s £16 billion Hinkley Point project. That’s the view of William Nuttall, Professor of Energy at The Open University, who told ELN the so-called strike price of £92.50 per megawatt hour (MWh) is “not too […]

UK Government reveals final EMR plan

The Government has published its ambitious package of measures which it hopes will attract £110 billion worth of investment from the private sector and support 250,000 jobs by 2020. The Electricity Market Reform (EMR) Delivery Plan sets out DECC’s final decision on strike prices for Contracts for Difference (CfDs) for renewable technologies. CfDs will support […]

Summit announced for Scotland’s windy islands

Scottish Energy Minister Fergus Ewing and the leaders of Scotland’s three island councils have announced plans to hold a summit on the future of wind power on the islands. It follows DECC’s announcement of the final strike price for the islands – £115/MWh compared to £90-95/MWh for mainland wind. There’s concern it’s a one size […]

Fallon: Uncertainty …What uncertainty?

Energy Minister Michael Fallon yesterday denied that investors in energy sector had been left in dark over long term government policy . When asked by Parliament’s Environmental Audit Committee whether the government had provided as much certainty as possible, he responded firmly: “Yes. I think obviously if you’re undertaking a major revision of the energy […]

Final strike prices “good news” for renewables

Yesterday’s announcement by DECC of the final strike prices for renewable generation has been welcomed as good news by the Chief Executive of the Renewable Energy Association (REA). Dr Nina Skorupska said: “Today is actually a good news day for renewable electricity and renewable heat. “The real reason that support for solar and onshore wind […]

EU could put the brakes on Hinkley Point C

Doubts have been cast over the plans for the new nuclear reactor at Hinkley Point C, after the EU Competition Commissioner Joaquin Almunia said an inquiry would probably be launched into the agreed strike price for the power station. A deal in October between EDF and the UK Government set the strike price for Hinkley […]

Subsidy cuts to onshore wind revealed with crucial ‘strike prices’

The amount of cash available to help onshore wind farms and large solar projects in the UK will be cut under new government plans revealed today. Ahead of the Chancellor’s Autumn Statement tomorrow, the Treasury published its Infrastructure Plan containing the crucial ‘strike prices’ which set how much subsidy renewable energy sources will receive up […]

‘Capacity crunch could be worse than people think’

The coming capacity crunch could be worse than people think, an Oxford University professor and government advisor has told the House of Lords Economic Affairs Committee. Professor Dieter Helm warned the committee: “By 2015/2016 the capacity margin in this country will be very close to zero. In fact I’ve done some numbers which suggest in […]