LONDON/NEW YORK, Sept 14, 2016 – Renewable power generation costs are already lower on average worldwide than those of fossil fuels and clean energy plants will become even more cost-competitive by 2020, a new sensitivity analysis published by the Carbon Tracker Initiative finds.read more
The UK will fall short of its target for deploying renewable energy by 2020 unless significant policy reforms are introduced, according to the energy and climate change select committee.read more
Climate change minister Nick Hurd has refused to provide a timetable by which the UK will ratify the Paris Climate Agreement, but has said it will take place “as soon as possible”.read more
A new £5.8mn wave energy scheme off the Pembrokeshire coast is set for development after it secured £4mn in EU funding.read more
Increases in wholesale prices have, in recent months, pushed up the cost of fixed energy tariffs, according to analysis by uSwitch.read more
Scottish Power’s chief corporate officer Keith Anderson has praised the government’s decision to review the Hinkley Point C nuclear power project, saying that the agreement in place “looks expensive” compared to other options. In an interview with The Telegraph, Anderson said: “read more
The EU’s final energy consumption is below indicative targets for the end of the decade, according to a new report.
Ofgem published its Sustainable Development Indicator statistics on Thursday 1 September, revealing that in 2015 around 25% of the UK’s electricity came from renewable sources. The indicators are designed to assess the sustainability of the UK’s gas and electricity markets on an annual basis, with a specific focus on environmental impacts, social outcomes and reliability and safety.read more
Conservative think tank Bright Blue said the government should consider introducing a minimum rating on the energy efficiency performance of homes that are being sold. In the report published today, 31 August, Bright Blue argue that energy efficiency regulations should be targeted at “trigger points” at which households were more likely to consider home energy renovations.
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In an update of a news story published on our website at the end of June, Centrica Storage now says that a limited number of wells heads will be available to withdraw gas from the Rough storage facility this winter.read more
A key part of the strategy to maintain electricity supplies to all UK consumers during peak demand is the requirement for significant end-users to respond during these times and reduce their usage from the grid. These users would register on a scheme which was centrally administered and either reduce their offtake or supplement it with on-site generation.read more
EFR Contract Awarded.
National Grid announced on Friday 26 August that it had awarded Enhanced Frequency Response (EFR) contracts to eight providers. The EFR tender was developed to bring forward new technologies that could provide a fast response solution to system volatility. Contracts were awarded for a four-year term.read more
The UK Government should improve economic growth by taking advantage of record low interest rates to borrow money to invest in sustainable infrastructure for energy, transport and cities, according to two new reports published today (12 August 2016) by the Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy at the London School of Economics and Political Science.read more
The Energy Consortium (TEC) has launched a new website designed to showcase its exclusive range of member-only benefits, as well as provide an information hub for both existing and potential members.read more
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.read more
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.read more
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.read more
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.read more
Today EU Member States agreed on the European Commission's proposal to invest €263 million in key European energy infrastructure projects. The lion's share of the investment will support the building of gas infrastructure in the Baltic Sea region as well as supporting the electricity sector across Europe. Nine projects were selected following a call for proposals under the EU funding support programme the Connecting Europe Facility (CEF). http://europa.eu/rapid/press-release_IP-16-2526_en.htm?locale=enread more
The energy and climate change select committee has launched an inquiry into the implications for UK climate policy of the vote to leave the EU.read more
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.read more
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.read more
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.read more
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:read more
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.read more
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.read more
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”.read more
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.read more
New data from the Office of National Statistics (ONS) has revealed that the low carbon and renewable energy (LCRE) economy generated £46.2bn in turnover during 2014, while employing 238,500 full-time equivalent workers.read more
The government’s Energy Bill received Royal Assent on Thursday 12 May, closing the Renewables Obligation (RO) to new onshore wind.read more
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