Following the first Transitional Capacity Market auction, 803MW of demand response capacity is set to receive contracts at a price of £27.50/kW/yr, according to provisional results from National Grid. The delivery year is 2016/17.
Energy markets are failing: even if the cost of wind or other renewable sources attains ‘grid parity’, and even if there is a significant carbon price, the market will not provide a secure basis for renewables.
A third of major projects due to be delivered by government in the next five years are at risk of failure, according to a report for the Public Accounts Committee produced by the National Audit Office (NAO).
The European Association for Storage of Energy (EASE) has pleaded with members to lobby their member states immediately so storage is not disadvantaged in setting new pan-European electricity industry codes.
Much-delayed decision on the twin reactor could now be taken in February
The flagship Energy Bill started its Commons journey in earnest with a second reading in the lower chamber in January, which went smoothly without a vote.
Ofgem has sent National Grid back to the drawing board in the way it assesses options for future network development, saying the system operator (SO) was too ready to assume its ‘Gone Green’ scenario would come to pass.
The Institution of Civil Engineers has launched a consultation on the UK’s infrastructure needs.