Ofgem has said network operators should prepare for tougher price controls in the future just as a consumer watchdog lamented billions of pounds of profits it said were unjustified.
The Department of Business Energy and Industrial Strategy will seek over 50GW of capacity in the next T-4 capacity market (CM) auction for delivery in 2021/22, around 2GW less than the proceeding auction after a technical panel of experts overrode the recommendations of National Grid.
An EDF-led consortium is aiming to trial a local, peer-to-peer (P2P) power trading platform enabled by blockchain as one of a number of projects Ofgem is currently discussing in the context of its Regulatory Sandbox project.
Brexit has become one of the leading concerns for energy professionals according to a new survey carried out by the Energy Institute (EI), which also found that the majority of those asked expect the UK to fall short of its carbon targets as a result of poor energy policy.
The European Union has come under fire over what has been labelled a “weak outcome” after energy ministers rubber stamped new EU energy efficiency directives.
The UK power market’s transition to a more decentralised, decarbonised and digitalised grid is happening faster than regulation can keep up, Ofgem’s Andrew Wright has said.
Adoption of ultra-low emissions (ULEV) and electric vehicles accelerated dramatically in the UK in the year ended 31 March 2017, sending registrations above the 100,000 mark for the first time.
Last week’s surprise general election result of a hung parliament has led to increasing concern within the renewables industry that the government’s eagerly anticipated Clean Growth Plan (CGP) could be delayed even further.
