Energy Policy
On Monday, the new Chancellor, Jeremy Hunt, shocked the energy market by potentially limiting the domestic Energy Price Guarantee (“EPG”) to just six months, rather than the two years initially promised only last month. Of course, the Government is in utter disarray, and who [...]
The Government has updated the maximum discount levels available to businesses through the Energy Bill Relief Scheme this winter. When the scheme was initially announced on 21 September, the expected maximum discount values were £405 /MWh for electricity and £115 /MWh for gas, and [...]
This morning the Government has announced the measures it is putting in place to support businesses with the high cost of energy (more detail is here). This follows the Energy Price Guarantee provided to domestic consumers on 8 September and applies to non-domestic energy [...]
Today the new Prime Minister has announced the long-awaited support for rising energy bills. A new Energy Price Guarantee is being introduced which supersedes the price cap and will fix average energy costs for households at £2,500 for 2 years. This is in addition [...]
With the largely expected news that Liz Truss would become the new Prime Minister of the United Kingdom, speculation is growing about the support that will be offered to consumers ahead of the increase in the price cap that is due to come into [...]
Nuclear power may be on the verge of a global renaissance just over a decade after the Fukushima disaster placed its future in doubt. The global shortage of gas in the face of the Ukraine war, with western buyers shunning Russia and Putin weaponising [...]
With the growing energy crisis across Europe there are calls for more action on demand reduction, and in particular to reduce energy wasted through heat losses. Research by the Energy and Climate Intelligence Unit (“ECIU”) suggests that poorly insulated homes will see energy costs [...]
Over the past few days I have been invited to comment in the mainstream press about the current energy crisis, both in terms of security of supply and high costs. These two legs of the trilemma now dominate the news as people rightly worry [...]
Following on from my previous post describing the BEIS Select Committee’s recommendations into improved governance at Ofgem, this post examines the specific market reforms to the retail energy market proposed by the Committee. In particular the Committee is calling for a social energy tariff [...]
Today I took part in a webinar The Energy Crisis: Causes and Solutions hosted by Net Zero Watch (it can be viewed on YouTube here: https://www.youtube.com/watch?v=J9sBOWYkv1M) Below is a copy of my opening remarks to which I have added some charts for illustrative purposes [...]