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
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.
Low-carbon and renewable energy report shows nuclear generation and new build activities contribute £3.5billion to economyread more
The 402MW Dudgeon offshore windfarm has secured £1.3bn project financing and is expected to start commercial operations by the second half of 2017.http://dudgeonoffshorewind.co.uk/news/news-13-05-16
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