Energy

Government proposes Wholesale Contracts for Difference scheme

Last week, the Secretary of State for Energy, alongside the Prime Minister and the Chancellor, announced a series of measures aimed at reducing the impact of volatile gas prices on Great Britain’s wholesale electricity market, as geopolitical tensions in the Middle East continue to drive energy price uncertainty. But what do the proposed changes actually mean for the energy sector?

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What did the Chancellor say in the Spring Statement?

The Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, delivered her 2026 Spring Statement on Tuesday afternoon. The OBR’s forecast was made before the latest conflict developments in the Middle East and does not take into account any potential fallouts from this, such as impact on gas prices, which have risen steeply since the beginning of March.

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Nuclear Regulatory Taskforce Report – Key Takeaways

Last month, the Nuclear Regulatory Taskforce published its final report. Although the UK is one of 33 countries pledging to triple its nuclear capacity by 2050, the Taskforce warns that the current system risks slowing delivery at a time when global competitors are accelerating. Brevia Energy explores the key takeaways from the Report.

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