The high strike price agreed by the Government for EDF’s planned nuclear plant at Hinkley Point is “immaterial” according to the Chief Executive of UK Coal. Kevin McCullough (pictured right) told the audience for the Building More panel at Energy Live 2013 on Thursday the deal was the right thing for the country, adding: “Frankly […]

The British Gas owner Centrica is preparing to abandon plans for a £2 billion offshore wind farm because government subsidies are too low, according to reports. In June DECC announced draft strike prices of £155/MWh for offshore wind projects that begin operating in 2014-15, dropping down to £135/MWh for projects that start running in 2018-19. […]

The UK’s Energy Secretary has told power generator EDF he wants an “even lower” price for future nuclear plants. Yesterday the Government and the supplier announced they have agreed on the strike price– that is, the level of payment for nuclear power from the plant under its Contracts for Difference mechanism. EDF will get £92.50 […]

The “strike price” payment for Britain’s new nuclear power station is a bargain, the chief executive of the company set to build Hinkley Point C suggested today. This morning the Government and EDF shook hands on a guaranteed price for power from the plant. At £92.50 – possibly dropping to £89.50 under the condition EDF […]

ELN has learned the Government has struck a deal with EDF over a strike price for the Hinkley Point nuclear plant at £93/MWh. The long-awaited deal between the French supplier and the UK over a third power plant at Hinkley Point in Somerset (artist’s impression, pictured) has been delayed for months. When Energy Secretary Ed Davey […]

Onshore wind farm developers on Scottish islands will be given cash incentives to build more turbines, Energy Secretary Ed Davey has confirmed. Subsidies for onshore wind projects in the islands of Orkney, Shetland and the Western Isles would be higher than the rest of the UK at £115 per megawatt hour (MWh). Mr Davey said […]

A Treasury minister is calling the shots in crucial negotiations between the Government and energy firm EDF over the ‘strike price’ for new nuclear, it was claimed today. At a hearing of the House of Lords’ science and technology committee, Lord Jenkin claimed Lord Deighton is leading the talks rather than the Department for Energy […]

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 […]

Long-awaited draft strike prices for renewable energy are on track to be revealed in July, according to Energy Secretary Ed Davey. The set level of payment will be ‘go-early’ options to tempt suppliers and developers to invest in energy sources such as wind, wave and tidal. When we caught up with him at All Energy […]

Energy supplier SSE’s Head of Policy warned yesterday about the prospect of “too low” support for renewable energy in the Government’s new policy for low carbon power. While attention has naturally focused on the ‘strike price’ the Government will set for nuclear power and if this cost will be too high, the Scottish provider is […]