This post is by Jonathan Bosch, research postgraduate at the Grantham Institute, Imperial College London.
The internal electricity market (IEM) is one of the major achievements of the European single market, allowing electricity to be traded and transmitted seamlessly across national borders. The UK has played a crucial role in the IEM’s development, working with EU energy regulatory agencies to help achieve ‘market coupling’, whereby power station operation and interconnection capacity are allocated simultaneously to achieve more efficient outcomes. The IEM relies on the physical interconnection infrastructure across the continent, and current plans see an expansion of interconnection between the UK and the European mainland in the coming years.
The results of the yesterday’s government auction for renewables procurement has taken the entire energy sector by surprise. Clearing 860 MW at £75/MWh in 2021 and 2.3 GW at £57/MWh in 2022, it revealed that the cost of offshore wind has dropped by 65 per cent in under five years. This result comes close on the heels of a report from Renewable UK, highlighting that the UK’s offshore wind industry has now increased its domestic content to 48 per cent and is in the process is providing almost 20,000 direct and indirect jobs. Heavy investment during the industry’s nascent years has yielded tremendous results and the UK can confidently stake its claim to be the global leader in offshore wind.
This post is by Sam Hall, senior researcher at Bright Blue and author of Green conservatives? Understanding what conservatives think about the environment
From the great housebuilding programme of Harold MacMillan in the 1950s to Anthony Eden’s and Margaret Thatcher’s championing of a property owning democracy, conservatives intuitively value the home. It embodies and animates central conservative ideas of personal responsibility, family and aspiration.
Home energy improvements should be a natural fit for this vision. After all, they are a renovation that adds value to a property, increases its comfort levels and reduces its running costs. And attractive and innovative consumer products like solar photovoltaics, smart meters and battery storage enable households to take responsibility for their home’s energy and environmental impact.
This post first appeared on BusinessGreen.
At 11am, on 14 July 2017, eight per cent of UK’s total electricity demand was generated by offshore wind, more than any other country in the world. Proactive policy and industrial innovation have crafted the UK’s success story on offshore wind but another significant part of the story has been the lending from the European Investment Bank (EIB) that has accelerated the sector’s growth. Roughly £2.6 billion has been invested in wind farms and transmission networks since 2012, part of an overall £8 billion investment in energy infrastructure in the UK. As we leave the EU, cheap EIB loans will not flow as easily, raising concerns about the future growth of our renewable energy industry. It is, therefore, critical that we negotiate to be a major shareholder and benefactor of the EIB and the other European investment bodies that support innovation and growth in low carbon technology. Read more
The government’s smart power strategy, Upgrading our energy system, unveiled yesterday, is the ultimate under the radar approach. It contains 29 deeply technocratic changes (such as “developing a Balancing and Settlement Code (BSC) modification, P344”), which are combined seamlessly with the neutered language of “removing barriers” and “making markets work”. It looks boring. But don’t be fooled: if it works, this strategy will deliver radical change. But this is a big if. Read more
The Committee on Climate Change (CCC) has warned in its latest annual progress report that the UK is significantly behind its 2030 targets to reduce carbon emissions and, without additional policy and new strategies, we will fail to meet our legally binding commitments. Here are five highlights worth drawing out from the report:
A recent article in the Spectator, by Matt Ridley, has challenged the importance of wind energy in the national and global energy mix, dismissing it as irrelevant and saying that it causes greater environmental damage than we are willing to acknowledge. Read more
This post is by Neal Mehta, managing consultant in the energy and climate team at ICF
For the past five months, colleagues and I have worked on a project for the UK government that was ultimately trying to answer the question: how is the UK best placed to contribute to, and benefit from, the global low carbon transition? Read more
Small scale technologies are shaking up the existing energy paradigm, where the only consumer choice is to decide which big and distant power company to buy from. This ignores rapid developments in solar panels, onshore wind, electric vehicles (EVs) and battery storage. People are increasingly choosing to be energy owners, and are able to take back at least some control over energy production. Read more
This post is by Jenny Bird, Dr Florian Kern, Dr Paula Kivimaa and Dr Karoline Rogge from the Centre on Innovation and Energy Demand.
Prior to the era of Donald Trump, tweeting was an unusual way to make a government announcement. But a tweet from the UK team at the 2014 UN climate summit in New York declared David Cameron’s intention to “phase out existing coal over the next 10-15 years”. Read more