Taxpayers could have to repay around £12.9 billion in taxes and forgo a further £11.1 billion of tax income over the next 20 years because of the costs of decommissioning oil and gas installations, according to a new report from the National Audit
Government must have a ‘Plan B’ in case the Capacity Market does not pass renewed State Aid scrutiny by the European Commission, said Rachel Reeves MP, chair of the BEIS Select Committee.
National Grid’s Viking Link with Denmark has been granted planning approval by a fourth local council in Lincolnshire. The interconnector will run between Bicker Fen near Boston and Revsing in Southern Jutland, Denmark.
UK Power Networks has put up for sale its 6MW/10MWh battery in Leighton Buzzard, says Current News.
Solarcentury has appointed Chris Banks as UK project development lead. Banks, previously at RES, and will manage a team established by Solarcentury to develop subsidy-free solar parks.
Our Power is the latest company to enter the ‘suppler of last resort’ process and exit the market.
Consumers could break away from having a single supplier for all their power by the start of 2020.
The EMR Delivery Body has published for consultation potential derating factors for wind and solar power if it were allowed to participate in the Capacity Market.
BEIS is consulting on updated planning rules for new energy schemes that combine energy storage with energy generation.
Large suppliers will have to offer export tariffs – above zero – to small-scale low-carbon power generators with projects sized below 5MW, under new proposals launched by BEIS.