UK government sets capacity market targets for 2027 and 2030
The government has set a 5 GW target for the 2027-28 T-1 auction and 40.9 GW for the 2030-31 T-4 auction. A further 0.5 GW is reserved for a later T-1 auction, taking the recommended… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
AR8 opens as Clean Industry Bonus budget rises to £515 million
Applications for the eighth Contracts for Difference round opened on 20 July and close on 7 August. The Clean Industry Bonus budget has increased from an initial £200 million to £515 million, with part reserved… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Miatta Fahnbulleh replaces Miliband as UK energy secretary
Miatta Fahnbulleh has replaced Ed Miliband at the Department for Energy Security and Net Zero following his move to the Foreign Office. The former energy consumers minister brings experience in fuel poverty, home decarbonisation and… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
New Prime Minister Burnham removes VAT from UK household electricity bills
VAT on domestic electricity will fall from 5% to zero from 1 October, reducing the annualised Ofgem price cap by about £45. The £850 million measure is funded only until the end of the current financial year, using money assigned to the cancelled digital ID programme. Targeting electricity rather than gas modestly improves the economics […]
Brussels sets a 46% electrification ambition – but delivery rests with member states
The European Commission wants electricity to supply 46% of final EU energy consumption by 2040 – double today’s 23% share. Brussels estimates that faster electrification could reduce annual fossil fuel import costs by as much as €260 billion. The 46% figure is indicative, not yet binding; electricity taxation, networks and national implementation are the immediate […]
Uniper puts flexible generation behind €5 billion strategy
Uniper plans to invest around €5 billion between 2025 and 2030, with more than half directed towards flexible generation. The utility has identified more than ten power plant sites suitable for data centres; three projects are at an advanced stage and one UK project is complete. The strategy strengthens Uniper’s sale proposition but leaves open […]