Energy Policy
This month the Government and Ofgem have announced the creation of a new system operator to manage both the gas and electricity transmission systems in Great Britain. Dubbed the “Future System Operator”, the organisation will be publicly owned and involves the nationalisation of National [...]
Last night the Government announced its much anticipated energy security strategy, with the full version appearing this afternoon. The strategy sets new targets for the deployment of wind, new nuclear, solar and hydrogen, whilst supporting the production of domestic oil and gas in the [...]
The Government has indicated that it is preparing a new white paper on energy security, which is now expected to be published later this week. It is widely expected to include a renewed focus on nuclear power and exploitation of the oil and gas [...]
Earlier this month, the House of Lords Industry & Regulators Committee published its report on its Ofgem and net zero enquiry. Although the terms of the enquiry centred around the role of Ofgem, the report’s focus is more on the role of Government and [...]
Russia’s full-scale invasion of Ukraine on 24 February sent shock waves around the world. The response from many governments has been the imposition of sanctions on Russian businesses, particularly those with links to the Kremlin. In addition to this, many businesses have chosen to [...]
As the illegal war in the Ukraine continues, there is a growing discussion about the need to move away from a reliance on Russian commodities in the energy market, which presents new challenges to energy policy. The timing could hardly be worse, coming as [...]
This morning Ofgem has announced a record increase in the level of the default tariff price cap, from £1,277 now to £ 1,971 from 1 April, an increase of 54%. About 80% of this rise is a result of increases to wholesale gas and [...]
In October, the 1,400 MW interconnector between Britain and Norway, known as the North Sea Link, began commercial operations. The €1.6 billion project is a joint venture between National Grid and Norwegian system operator Statnett. Unlike the other markets with which Britain is linked, [...]
A year ago I wrote a post about all the words we used in 2020, and it’s interesting how many of these were forgotten in 2021. Of course, covid was still a key theme of 2021, but it didn’t quite dominate our lives the [...]
I didn’t really go out on a limb in my last post when I predicted that energy markets would continue to make headlines this year – the last few days have seen a lot of people wondering what on earth is happening with gas [...]