subsidies

​Without reform of the market, the UK will miss its 2035 electricity decarbonisation target according to a new report from centre-right think tank Onward.

Stability key focus of future market design, the How are we preparing for power markets of the future? panel agreed at the Renewable Energy Trading Summit.

​Drax’s proposed bioenergy with carbon capture and storage (BECCS) plant could cost £31.7 billion in public subsidies according to a new report from Ember.

​The upcoming Contracts for Difference (CfD) auction is set to be highly competitive, with over 10GW of capacity likely to compete.

The Institute for Energy Economics and Financial Analysis (IEEFA) has warned that regulatory barriers are holding back uptake of renewables.

The Labour Party has said it would ramp up investment in green energy technologies and infrastructure in a bid to reverse the impact of Conservative Party cuts.

SSE has become the last of the ‘Big Six’ energy suppliers to announce price rises this spring, pointing the blame at the spiralling “cost of supplying energy”.

Dieter Helm has pitched his vision for the future energy market, including a “significantly diminished” role for Ofgem as its responsibilities are largely redistributed.

UK renewables provided nearly one-third of total electricity generation in Q2, setting a new record.

Offshore wind has defied all expectations within the government’s Contracts for Difference (CfD) auction, delivering 3.2GW of capacity at prices as low as £57.50/MWh.