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News

News
  • Date announced for more powerful Oil and Gas Authority
  • 10 August 2016
  • The Oil and Gas Authority will be established as an independent regulator by the UK Government, with new powers that mean it can act with greater speed and flexibility to drive investment, support jobs and further the UK’s competitive edge in the oil and gas industry to ensure the UK remains an attractive destination for investment.

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  • OFGEM comes up short in response to CMA findings
  • 05 August 2016
  • OFGEM, the energy regulator, has responded to a report into the retail (domestic) energy market carried out by the Competition and Markets Authority (CMA).

    Ahead of the two-year investigation, claims had been made that the energy suppliers in general, and “the Big 6” in particular, were seeing profits increase.

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  • Offshore wind in Europe draws €14 billion investment in first half of 2016
  • 27 July 2016
  • The European offshore wind industry attracted a record €14 billion in new investments during the first six months of 2016.

    Seven projects reached final investment decision this year, financing a total of 3.7GW of new capacity. The UK accounted for nearly three-quarters of the new investments.

    The volume of new grid-connected installations in the first half of 2016 was 511 MW, 78% down on the same period in 2015. This is expected to pick up next year and toward 2020.

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  • Carbon Budget Order 2016
  • 21 July 2016
  • The Minister of State, Department for Business, Energy and Industrial Strategy (Baroness Neville-Rolfe) (Con)

    My Lords, I am very pleased to address the House as the new Minister for Energy and to open the debate on the Carbon Budget Order 2016. This order fulfils the requirement under the Climate Change Act 2008 for the Government to set five-year carbon budgets on the path to our 2050 target of an 80% reduction in emissions. It sets the level for the fifth carbon budget, covering the period 2028 to 2032. The order is now overdue, after being held up by the extraordinary events of the last few weeks, and I hope noble Lords will be happy to approve it.

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  • New and exciting job opportunity at TEC!
  • 06 July 2016
  • The Energy Consortium (TEC) is a not-for-profit organisation delivering procurement and managed services around a range of energy based frameworks to a public sector membership, predominantly in the higher education sector. Following a departure of one of our team to pursue an alternative career, a vacancy has arisen for a Member Services Advisor to support our membership in the north of England.

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  • TEC’s member network continues to expand
  • 06 July 2016
  • The Energy Consortium (TEC) has welcomed five new members to its network, including Macclesfield College, Bridgwater College, University Centre Peterborough, University College Birmingham, The Wellcome Trust, City Lit and Godalming College.

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  • Government rejects call for single network charge
  • 06 July 2016
  • The government has again expressed its opposition to a move away from cost-reflective network charging. During a debate in Westminster Hall on Tuesday 5 July, SNP parliamentarians said the current arrangements were to the detriment of consumers in Scotland and should be reformed.

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  • Low-carbon transition must not be abandoned following Brexit vote: UK-GBC
  • 27 June 2016
  • The green agenda must not be "deprioritised" while businesses adjust to the impact of leaving the EU, an industry group has said. In a statement on Friday 23 June, UK Green Building Council (UK-GBC) CEO Julie Hirigoyen said that there remained strong incentives for businesses to tackle climate change and other urgent sustainability challenges, adding:

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  • Sudden rise in wholesale prices
  • 24 June 2016
  • UK wholesale Gas and Electricity prices rose significantly yesterday on the news that Centrica Storage Limited (CSL) who own and manage Rough Storage announced that the facility has ceased injection and withdrawal of gas due to issues found during maintenance. 

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  • Water and Waste Water
  • 07 June 2016
  • The UK water market is deregulating in April 2017. In preparation for this change, TEC are working in collaboration with CCS, YPO, ESPO, NEPO and West Mercia Energy to develop a contracting solution for our public sector customers. The Ministry of Defence is also part of this working group.

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  • European commission promises funds for energy efficiency
  • 02 June 2016
  • The European Commission has confirmed that a key funding programme will continue to support the development of the energy efficiency market. In a statement on Wednesday 1 June, the Commission proposed that its European Fund for Strategic Investments (EFSI) would be extended beyond its initial three-year period to address “remaining market gaps and failures”.

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  • Renewables capacity added at record rate in 2015
  • 01 June 2016
  • A new report has said that last year saw a record level of renewables capacity installed around the world. Issued on Wednesday 1 June, the Global Status Report by REN21 said around 147GW of renewables power capacity was added last year.

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  • Hinkley Point cost unchanged: EDF
  • 26 April 2016
  • EDF Energy has rejected media claims that the cost of its Hinkley Point C project has increased. A report in The Telegraph last week suggested that the cost of the project had risen to around £21bn.

     

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