Large energy suppliers are ‘losing the battle’ against the 2020 deadline for the rollout of smart meters, and need to triple their efforts over the next two years, according to consumer group Which?.
The energy transition is walking the UK into a ‘two-tier economy’ where communities and businesses in whole regions of the country are left behind with higher bills and less access to new technologies.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the Capacity Market, according to the prequalification results of the next auctions.
Energy secretary Greg Clark has triumphantly declared the energy trilemma to be over in a landmark speech which established a new set of principles to steer future development of the energy market.
Investor sentiment is the "biggest casualty” of yesterday’s ruling by the European Court of Justice that has resulted in a 'standstill’ being imposed on the UK Capacity Market (CM), indefinitely postponing auctions and payments to existing contract holders.
The government could be making decisions on the future of UK energy without considering their potential to impact consumer bills, according to a House of Lords select committee.
The government has failed to rule out that it may have to recover capacity market payments already made to contract holders as a result of today’s landmark ruling by the European Court of Justice.
The future of the Capacity Market has been plunged into doubt after the European Court of Justice annulled the European Commission’s decision not to object to the scheme.