Energy and clean growth minister Claire Perry has attempted to downplay the impact of the ‘standstill’ imposed on the UK’s Capacity Market, courting accusations of dishonesty from the company behind the legal challenge that resulted in the suspension of the scheme.
Recent cuts to the grants available for the purchase of electric vehicles are intended to move the sector away from “buyer subsidy”, according to energy and clean growth minister Claire Perry.
Energy storage, electric vehicles, demand response and interconnectors will be needed to provide the flexibility required for the energy transition to take hold by reducing the need for fossil-fuelled backup.
Large energy suppliers are ‘losing the battle’ against the 2020 deadline for the rollout of smart meters, and need to triple their efforts over the next two years, according to consumer group Which?.
The energy transition is walking the UK into a ‘two-tier economy’ where communities and businesses in whole regions of the country are left behind with higher bills and less access to new technologies.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the Capacity Market, according to the prequalification results of the next auctions.
Energy secretary Greg Clark has triumphantly declared the energy trilemma to be over in a landmark speech which established a new set of principles to steer future development of the energy market.
Investor sentiment is the "biggest casualty” of yesterday’s ruling by the European Court of Justice that has resulted in a 'standstill’ being imposed on the UK Capacity Market (CM), indefinitely postponing auctions and payments to existing contract holders.