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Energy

A chance to shape the future of carbon pricing?

Last month, the EU carbon emissions price hit a 10-year high. As the price of carbon reached €18 per tonne[1] it prompted many to question what UK carbon pricing policy might look like post Brexit. This uncertainty presents a problem for both generators and suppliers as they attempt to forecast for the years ahead.  THE UK ALREADY ADOPTS A HYBRID APPROACH TO REDUCING EMISSIONS Carbon pricing within the EU Emissions Trading System (ETS) is a key instrument of decarbonisation. The UK goes even further to support its legally-binding emissions targets. Under the Climate Change Levy (CCL) the Government has implemented the Carbon Price Floor which tops up...

Dataset agreement could be an important step in the evolution of a distribution system operator model

ElectraLink has signed a contract with National Grid which gives the Electricity System Operator (ESO) visibility of renewable generation within distribution networks.[1] This could be a key development in moving towards a Distribution System Operator (DSO) model. The ‘long-awaited’ agreement underlines the need for industry to press for reform to adapt to a changing business environment.  DATA SHARING IS CRITICAL As energy flows change, the need for greater visibility and transfer of data is critical to constructing a flexible energy system. In its 2018 Summer Outlook National Grid said that the growth of distributed renewables can create operability challenges because they make it more difficult to gauge...

FIVE NOTABLE DEVELOPMENTS IN NUCLEAR THIS WEEK

1. The Government published guidance on nuclear research after Brexit if there is no deal The Department for Exiting the European Union published a planning paper on nuclear research.The document made clear that in a no deal scenario the UK will no longer be a member of the Euratom Research and Training programme and no longer be a member of Fusion for Energy.(Department for Exiting the European Union, Nuclear research if there’s no Brexit deal, 23 August 2018, link)  2. THE GOVERNMENT PUBLISHED GUIDANCE ON CIVIL NUCLEAR REGULATION AFTER BREXIT IF THERE IS NO DEAL The Department for Exiting the European Union published a planning paper on civil...

FIVE NOTABLE DEVELOPMENTS IN NUCLEAR THIS WEEK

1. The department for business, energy and industrial strategy published a report on the market framework for financing small nuclear The independent report from the Expert Finance Working Group on Small Reactors sets out a series of recommendations on how government, the nuclear and finance sector can work together to enable the advanced nuclear technologies market.The key recommendations include introducing funding mechanisms such as Contracts for Difference, Power Purchase Agreements, or a Regulated Asset Base.(Department for Business, Energy and Industrial Strategy, Market framework for financing small nuclear, 7 August 2018, link)  2. THE SECRETARY OF STATE FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY, GREG CLARK, VISITED SELLAFIELD On Tuesday,...

FIVE NOTABLE DEVELOPMENTS IN NUCLEAR THIS WEEK

1.The business, energy and industrial strategy committee published a report on the draft national policy statement for geological disposal infrastructure. The report finds that the draft NPS is ‘fit for purpose’ and contains adequate guidance and details needed for the developer, the Planning Inspectorate and the Secretary of State to put forward and make recommendations on development consent orders.The report attracted much media attention for refusing to rule out constructing Geological Disposal Infrastructure in National Parks and Areas of Outstanding Natural Beauty.(Business, Energy and Industrial Strategy Committee, Draft National Policy Statement for Geological Disposal Infrastructure, 31 July 2018, link)  2. THE NUCLEAR DECOMMISSIONING AUTHORITY OPENED A CONSULTATION...

Adaptation to get a new impetus?

The recent heatwave has pushed climate change adaptation back up the agenda. Particular sectors, like the water industry, have come under pressure as dry weather has led to a hosepipe ban being imposed in some areas.[1] The Committee on Climate Change (CCC) has also called for the Government ‘to redouble its efforts to address the risk from climate change.’ [2] This could open the door for investors in climate change adaptation technologies.  The current heatwave affecting the UK is unlikely to be the last of its kind The current summer is the UK’s hottest since 1976, though there are good reasons to believe these temperatures will become...

FIVE NOTABLE DEVELOPMENTS IN NUCLEAR THIS WEEK

1. French Nuclear sector organisations established the French Nuclear energy industry group (GIFEN). French nuclear operators, suppliers and associations have established an industry group to act as the mouthpiece for the French nuclear sector. GIFEN is composed of 2,600 companies, 220,000 jobs and will represent the sector’s organisations in their dealings with government in France, Europe and beyond.(Nuclear Industry Association Press Release, 23 July 2018, link)  2. Sellafield ltd ANNOUNCED A NEW WORK PACKAGE OPPORTUNITY FOR SMEs. Sellafield Ltd announced it is seeking SMEs with experience of small bore internal pipe cutting systems to provide Sellafield Ltd with equipment and training to carry out stainless steel pipe cutting.The package...

FIVE NOTABLE DEVELOPMENTS IN NUCLEAR THIS WEEK

1. The Government Published a plan to realise the wider benefits of Hinkley Point C. The plan sets out the expected wider benefits of the project and how they will be delivered. The wider benefits outlined in the document include: 25,000 employment opportunities, a £4 billion contribution to the regional economy and improved skills across the supply chain.(Department for Business, Energy and Industrial Strategy, Hinkley Point C Wider Benefits Realisation Plan, link)  2. A Lords Select Committee expressed outstanding concerns about the nuclear regulator’s Preparedness for Brexit. The EU Energy and Environment Sub-Committee wrote to the Minister for Business and Industrial Strategy, Richard Harrington MP, following an evidence...

How might the National Infrastructure Assessment shape future energy policy?

Last week the National Infrastructure Commission (NIC) published its first National Infrastructure Assessment (NIA). The report advocates investment in renewable rather than nuclear energy. Among the core proposals are the recommendations that half the UK’s electricity is provided by renewables by 2030 and that no more than one nuclear contract is awarded before 2025.The assessment sets out the plan for the country’s infrastructure over the next 10–30 years. Importantly, government has committed to respond to the Commission’s recommendations.  The UK can reduce emissions at no extra cost The NIC’s analysis is that renewable energy sources are the most economical means of meeting future electricity demands whilst reducing...

Five notable developments in nuclear this week

1. The Government’s latest Brexit White paper outlined how it envisages a post–brexit UK–EU nuclear relationship. The Future Relationship Between the United Kingdom and European Union states that:‘The UK will seek a close association with Euratom that is more comprehensive than any existing agreement between Euratom and a third country’.The document calls for a Nuclear Cooperation Agreement that would establish a ‘cooperation mechanism between the Office for Nuclear Regulation and Euratom, enabling technical information exchanges, joint studies and consultation on regulatory or legislative changes’.(Department for Exiting the European Union, The Future Relationship Between the United Kingdom and European Union, p.45, link)  2. A HINKLEY POINT C LEGAL...