The fourth round of the Contracts for Difference (CfD) auction has opened, with a target of 12GW of electricity capacity set to gain £285 million of funding.
The government has laid out its plans for reaching net zero by 2050, including new EV charging funding, a review of the frequency of Contracts for Difference (CfD) auctions and green finance and innovation commitments.
The government is to offer grants of £5,000 for the installation of heat pumps from April 2022 as part of a new £450 million scheme to upgrade domestic heating infrastructure.
The UK is to become the first country in the world to detail how it would legislate to ensure the safe and effective rollout of fusion energy, the government has claimed.
The Department for Business, Energy and Industrial Strategy (BEIS) has launched a consultation into the potential of re-coupling Great Britain’s electricity auctions.
The volatility in wholesale power prices due to exposure to global gas prices has demonstrated the need to diversify and decarbonise the UK’s domestic energy system.
Energy secretary Kwasi Kwarteng is today (20 September) convening a roundtable on the way forward for the energy industry following high gas prices and supplier exits.
