Spring Budget

The UK has surpassed the 15GW onshore wind capacity milestone, revealed RenewableUK, with 15.002GW across 2,631 projects.

Members of the energy industry have described this year's Spring Budget as a "missed opportunity" for funding net zero.

Chancellor of the exchequer Jeremy Hunt confirmed that the Energy Profit Levy (EPL) will be extended to 2029 in this year's Spring Budget shortly before the budget for auction round 6 (AR6) of Contracts for Difference (CfD) scheme budget was set at over £1 billion.

Reuters has reported that the chancellor of the exchequer Jeremy Hunt is set to extend the Energy Profit Levy by one year in tomorrow's Spring Budget announcement.

An open letter from Scotland's deputy first minister, Shona Robinson, has urged the UK government to address net zero and fuel poverty challenges in the 2024 Spring Budget.

The UK will need to address nuclear's cost-competitiveness with alternative low-carbon technologies to spur growth, a report has indicated.

US-based nuclear power plant developer Last Energy has signed an agreement to supply 24 of its modular micro nuclear power plants to the UK.

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.

The energy sector has criticised the lack of focus within the Spring Budget on the development of renewables, energy efficiency and infrastructure, despite some technology support.  

Following the early announcement of the extension of the Energy Price Guarantee (EPG) at the current rate of £,2500 for three months, there were only a few key energy focused elements to the Spring Budget.