Energy Policy
In my previous post, I described the findings of Dieter Helm's review into electricity pricing. Here I will explore in more detail the section on supply costs and his recommendation that a default electricity tariff be implemented, which is particularly relevant in light of [...]
Last week Dieter Helm published the findings of his review into energy pricing and found that the cost of energy is significantly higher than it should be, and energy policy, regulation and market design are not fit for purpose. (It should be noted that [...]
Last week the Government published its long awaited Clean Growth Strategy, described by the Telegraph as the coming of age of the green agenda. Clean growth is defined in the document as growing the UK's national income while cutting greenhouse gas emissions, which are expressed [...]
Yesterday the Government published its draft Domestic Gas and Electricity (Tariff Cap) Bill, essentially imposing caps on some energy bills until 2020, with a possibility of extending until 2023. "The Government wants markets to thrive and we continue to promote competition as the best [...]
The electricity system is in transition. Transmission connected, centralised synchronous generation is being displaced by multiple small installations of intermittent asynchronous generation connected at the distribution level. Advances in sub-transmission technology including as storage, smart homes, electric vehicles, DSR and others are challenging the [...]
Yesterday scientists from the Universities of Exeter and Oxford together with University College London, announced that climate change is not as bad as previously thought due to modelling errors. In a paper published in the journal Nature Geoscience, the scientists concluded that global climate [...]
This week the mayor of London, Sadiq Khan has published his draft environmental strategy for the city, with an ambition for London to be a zero carbon city by 2050, with energy efficient buildings, clean transport and clean energy. He plans a " low carbon [...]
On 25 July, Ofgem launched a consultation as part of its review of the Secure & Promote licence condition. Secure and Promote was introduced in 2013 to improve liquidity and market access for small and new entrant electricity suppliers. Small suppliers face a number [...]
The Government has this week appointed Dieter Helm, professor of economic policy at Oxford University, to lead a review into the cost of energy. He will chair a panel of experts including Nick Winser, executive director at National Grid and former Conservative MP Laura [...]
The press and politicians are currently full of outrage at the announcement by British Gas of a 12.5% increase in its electricity prices from September, describing the rise as "extortionate", "unjustified" and a "slap in the face" to families, and once again there are [...]