In our weekly issue of Current± Price Watch – powered by Enact – we take a look at Britain’s interconnector plans, the approach of the end of the ESO’s Winter Enhanced Actions options, and passing on the drop in wholesale prices to consumers.
A report by the New Economics Foundation (NEF) has found that the UK is “unprepared” to upskill the number of people necessary to create a low carbon economy, with the average UK worker currently requiring nine weeks full-time training to upskill.
The National Grid has developed a new drone-mounted system in partnership with the University of Manchester, that will use electric field (e-field) sensor technology to carry out live inspections of overhead transmission line insulators.
A 1.4GW proposed interconnector, which was set to connect Scotland’s electricity network with Norway, has seen its license application refused by the Norwegian government.
Ofgem has issued United Gas & Power Ltd (UGP) with a penalty fine of over £2 million after breaching numerous Standard Licence Conditions (SLCs), including deliberately overcharging customers.
RenewableUK has confirmed that 60% of Britain’s energy was supplied by low carbon sources (renewables and nuclear) saving the nation over £15 billion in gas costs.
Cornwall Insight has stated that the rising cost of capital threatens to derail the expansion of renewable energy projects such as onshore wind and solar PV.
RenewableUK has said that the £205 million budget for the latest Contract for Difference (CfD) auction – announced by the UK Government yesterday (16 March) – is “sending the wrong investment signals” to renewable energy investors.
UK law firm TLT and real estate consultancy Gerald Eve have stated that the UK’s net zero prospects are currently at risk due to the ongoing fight over land use.
