Category Archives: Energy Bill

Energy companies, transparency and market reform

Energy companies and Ofgem are blasted by MPs today over transparency of profits. Costs can be moved around between divisions making the apparently low retail profit margin figure meaningless. Sir Robert Smith MP said, “At a time when many people are struggling with the rising costs of energy, consumers need reassurance that the profits being made by …

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Energy Bill – another missed opportunity

The energy bill has passed its Third Reading in the Commons and moves on to the Lords. This complex legislation will determine the shape of the UK’s electricity generation for decades to come. The key element of the bill replaces the UK’s energy subsidies with a system of “contracts for difference” and a “capacity market”, …

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Nuclear and the energy ‘market’

The UK government’s policy on low-carbon power generation has been criticised by the cross-party Energy and Climate Change Committee. They warned in a report that the government had “no plan B” if new nuclear plants are not built on time and on budget. Committee Chair Tim Yeo MP warned: “If new nuclear power stations are …

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Getting the Energy Bill right

Shadow Energy Minister, Tom Greatrex MP sets out in today’s Scotland on Sunday why the UK Government is not getting the Energy Bill right.  He says: “The centrepiece of the government’s proposed Energy Bill is the contract for difference – designed as a way of providing long-term energy contracts, which should reduce the cost of …

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ScottishPower join industry chorus for action

ScottishPower (Iberdrola) CEO, Keith Anderson, has joined those in the industry urging the government to make faster progress with energy market reform in the Energy Bill.  This is significant because Scottish Power, unlike SSE, has been generally supportive of the government’s plans. He believes there are between 10 and 15 power plant developments with planning …

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Scottish Government on Energy Bill

The First Minister has written to the Energy Secretary setting out the Scottish Government’s position on the Energy Bill. The response concentrates on measures that will support the Scottish Government’s renewables targets. “To that end, we are working to ensure Scotland’s future role in the EMR process is robust, meaningful and enduring. In particular, we …

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Don’t forget coal

The TUC have published two useful briefings in relation to the Energy Bill. While much has been said about the hidden subsidy for nuclear and the role of renewables, coal remains the forgotten fuel. Coal fired stations provide secure and affordable energy, and a highly flexible complement to renewable energy, especially from wind power. The high …

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Energy Bill announcements

The UK government have announced their decisions on the future shape of the energy market in the forthcoming Energy Bill. Electricity Market Reform (EMR) introduce two key mechanisms: Contracts for Difference and the powers to implement a Capacity Market that aims to attract the £110 billion of private sector investment needed to replace ageing energy …

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Energy policy isn’t working for industry

The TUC says today that Britain’s energy policy isn’t working for our energy intensive industries. A government-led industrial strategy is essential for companies in the heavy energy industries like steel, chemicals and ceramics if they are to succeed in the long run in our low carbon economy. A joint report published today in the House …

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Labour energy policy review

Labour has published a Policy Review document on Energy Market Reform. The main proposals include: We would abolish Ofgem and create a tough new energy watchdog with the power to force energy companies to pass on price cuts when wholesale costs fall. We would require the energy companies to pool the power they generate and to …

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