The government has set out a blueprint to switch 20TWh of the UK industry’s energy supply from fossil fuel sources to low carbon alternatives, as part of its £1 billion Industrial Decarbonisation Strategy.
All Capacity Market Units (CMU) may be required to be part of the Balancing Mechanism, according to a new consultation launched by the Department of Business, Energy and Industrial Strategy (BEIS).
The UK government has announced plans to increase spending on its Energy Company Obligation (ECO) to £1 billion per year from 2022-2026 with the aim of increasing energy efficiency for low income and vulnerable households.
The Department for Business, Energy and Industrial Strategy (BEIS) has increased the target for the next T-1 Capacity Market auction from 0.4GW to 2.4GW following the latest guidance.
