Five things we learnt from Energy Spectrum | 674

We present five key themes and findings from this week’s edition of Energy Spectrum Issue 674

Our Energy Perspective considers the similar themes between the Committee on Climate Change’s (CCC) latest annual progress report to Parliament on reducing emissions and National Grid’s Future Energy Scenarios analysis for 2019. We find there is a tension between the need for urgent policy action and the requirement for a clear and workable framework to prime the pump for the scale of investment which is not easy to resolve.

In our Policy section this week, we look at the assessment and recommendations put forward by the CCC in its annual report to Parliament, as well as considering the BEIS Committee’s Energy Efficiency: Building towards Net Zero report, which urges immediate action from the government.

We also have a look at the responses to a BEIS consultation on establishing a market for energy efficiency alongside recommendations from the Committee on Fuel Poverty to provide new funding to reduce fuel poverty.

Ofgem summarised its progress against the projects described in its 2018-19 Forward Work Programme, as well as presenting yearly performance indicators and expenditure costs and audit results.  In our Regulation section, we look at Ofgem’s annual report and accounts for 2018-19.

BEIS statistics reveal that over half the UK’s electricity mix in Q119 was generated by low carbon sources. In our Industry Structures section, we look closely at BEIS’s Energy Trends report and look at what is generating the UK ‘s electricity.

If you are interested in any of these stories and would like to know more about the Energy Spectrum service, please contact Nick Palmer for a trial at n.palmer@cornwall-insight.com 

BEIS statistics reveal that over half the UK’s electricity mix in Q119 was generated by low carbon sources.
Commercial and market outlook

Related thinking

Net zero corporates and ESG

Help us understand your business decarbonisation challenges

Are you a large business impacted by the challenge of increasing energy costs and decarbonisation targets? If the answer is yes, then we’d love your help to find out more about the challenges you are facing. We recently published an insight paper on the challenging economic climate that businesses are...

Low carbon generation

Understanding the evolution of the Irish electricity markets

The Irish electricity sector has undergone significant change in recent years. The Integrated Single Electricity Market (I-SEM) arrangements introduced in 2018 fundamentally transformed the market framework to maximise competition, facilitate electricity wholesale trading, and incentivise the development of low-carbon generation sources. In parallel the physical system continues to evolve rapidly....

Energy storage and flexibility

Waiting to connect: the problems and solutions for network connection queues (Part 2)

Network connection queues continue to be a notable topic of interest as many generators face significant delays to project development – an issue that is directly conflicting with net zero ambitions and recent focuses on strengthening domestic energy supplies. In Part 1 of our two-part series on connection queues we...

Home supply and services

Addressing consumer harms in the non-domestic market

In recent months, Ofgem has shone a light on areas across both the domestic and non-domestic market where suppliers could improve their practices for customers and go beyond what they are obligated to do in the licence conditions. In a time of significant and extended volatility, the regulator has brought...

Energy storage and flexibility

Waiting to connect: the problems and solutions for network connection queues

The number of grid applications has risen significantly in recent years, resulting in increased pressure on the electricity networks to facilitate new connections. In its Energy Security Strategy, the UK government set out ambitions for 95% of electricity to be sourced from low carbon generation by 2030, and for the...

Energy Market Design

Are prices going to rise in Contracts for Difference Allocation Round 5?

A number of factors may be about to put an end to the trend for falling energy prices in the Contracts For Difference (CfD) scheme. The CfD scheme has provided strong subsidy support whilst also providing consumers robust levels of protection. High investor confidence and steady reductions in capital costs...

Business supply and services

What happened in 2022 in the energy market?

The GB energy market never stands still and 2022 was no different. In this infographic, we look back at some key happenings from the past year in different segments of the GB energy market.  Click the image below to see our snapshot.

E-mobility and low carbon

2022’s most exciting ‘Charts of the Week’

Some of our team have looked back throughout 2022 and picked their most exciting ‘Chart of the Week’.​Their choices include exploring green tariffs, wholesale gas prices, CfD allocation round 4 and the MHHS Implementation Levy.  It’s My Birthday – Two years of Dynamic Containment Picked by Tom Faulkner, Head of...