Drax’s proposed bioenergy with carbon capture and storage (BECCS) plant could cost £31.7 billion in public subsidies according to a new report from Ember.
The Energy Systems Catapult has proposed a variety of new electricity market reforms as it warns that the current government-directed system risks stifling new smart technologies.
The Contracts for Difference (CfD) scheme should be expanded, the National Infrastructure Commission (NIC) has recommended as one of a number of measures to strengthen confidence in the economy.
Banks Group has been revealed as the company behind a legal challenge against the government’s Contracts for Difference mechanism which stands to delay its forthcoming auction.
