Prime Minister Boris Johnson has announced that he will issue an energy strategy in the coming days in response to the volatility of gas and power prices seen following the Russian invasion of Ukraine.
The T-4 Capacity Market auction has cleared at a record high of £30.59/kW/year, due largely to the decommissioning of old assets and higher capacity needs.
In the Autumn Budget and Spending Review, Chancellor Rishi Sunak has announced a new exemption for green technologies to support decarbonisation of non-domestic buildings.
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.
