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 

Related thinking

Low carbon generation

Latest developments in the TPI space

We recently published our 2023 Annual TPI report which provides an independent review and analysis of the market for TPIs, and the services provided by them. The report also looks at the current challenges and opportunities for TPIs, such as regulatory changes, competition with suppliers, and diversification of services. 2023...

Commercial and market outlook

What to look out for in 2024

Cornwall Insight experts provide their predictions for the year ahead in this handy infographic. We have collated some predictions from across our knowledge base to provide a quick snapshot of what to look out for in the GB energy market in 2024. The key highlights include the global discussion on...

E-mobility and low carbon

Paving the way: EV Country Attractiveness Index findings

Following the previous iteration of the EVCA Index, published in September 2023, the EV market has continued to grow across Europe. From October 2022 to October 2023, the EU, Norway, and the UK have seen a combined 29% year-on-year increase in battery electric vehicle (BEV) sales. Cornwall Insight have partnered...

E-mobility and low carbon

Driving growth: EV Country Attractiveness Index findings

Since the previous iteration of the EVCA Index, published in June 2023, there have been some changes to the electric vehicle (EV) landscape. The EV market has continued to grow with battery electric vehicle (BEVs) sales increasing across Europe. Cornwall Insight have partnered with law firm Shoosmiths to create the...

Regulation and policy

What’s going on with REGOs?

Renewable Energy Guarantees of Origin, more commonly referred to as REGOs, are certificates issued to accredited renewable generators for every MWh of electricity they produce over a year period. The initial intentions of these certificates were to provide suppliers a means to prove the level of renewable generation they received...

Home supply and services

Ofgem strives to improve consumer experiences across both the domestic and non-domestic sectors

Over the last week, a number of anticipated publications were issued by Ofgem that hold the potential to make a significant change to the requirements on both domestic and non-domestic suppliers. The findings of Ofgem’s non-domestic market review were revealed, alongside a policy consultation on the options available to address...

Announcement

2022/23 Australian energy insights report

Analytics on key current developments in the Australian energy industry Cornwall Insight Australia has released its latest compilation of Australian energy insights, charts, and analyses. The report includes the topics of energy storage and flexibility, generation (all technologies), power prices, low carbon generation, FCAS, policy and regulation, electric vehicles, and...

E-mobility and low carbon

Charging forward: EV Country Attractiveness Index Findings

Since the previous iteration of the EVCA Index, published in March 2023, there have been some changes to the EV landscape. New countries have emerged as leaders in battery electric vehicle (BEV) growth while others have continued to develop their charging networks and maintain economic strength at a time when...