ULEV uptake targets are 'muddled', according to a report released by The Centre for Research into Energy Demand Solutions (CREDS), detailing the need for reductions in UK energy demand.
This week’s T-1 Capacity Market (CM) auction cleared at a record low clearing price of just £0.77/kW, with just one new build battery storage project winning a contract.
The government has formally approved renewables’ participation in future Capacity Market auctions, and unsubsidised projects could compete as early as next year.
The Department for Business, Energy and Industrial Strategy (BEIS) has issued more details surrounding its proposed T-1 top-up auction, but extended its window until the end of August “as a contingency measure”.
