Great British Energy is a key pillar of the Labour Party’s decarbonisation plan. However key questions remain about the new company, how it will operate and what it might emulate. In this article Brevia, explores what we do and do not know about GB Energy, what it might mean for businesses, and its potential role in the UK energy system.
What is Labour’s Plan for GB Energy? Read More »
‘I am very confused…One of you has got to be right and one of you has got to be wrong.’ In a few words, Vicky Ford MP captured the mood of the ongoing debate over the GB electricity market design. Ford was responding to arguments put forward by witnesses to the Energy Security and Net Zero (ESNZ) Committee on the impact of moving from national to zonal pricing, but was left unconvinced by either side.
Zonal Pricing: A Solution or a Distraction? Read More »
Insights from recent speeches by the Shadow Energy Security and Net Zero Secretary and the Party’s Shadow Chancellor shed light on the party’s energy policy and the perceived tension between maintaining fiscal responsibility and ambition on climate change action.
Navigating the Labour Party’s Decarbonisation Agenda Read More »
Last week the Chancellor of the Exchequer, The Rt Hon Jeremy Hunt MP delivered what is expected to be his final Spring Budget. Whilst net zero was not a key theme of the speech, energy security and nuclear were given prominent focus and despite being conspicuously absent from his speech, the Budget announced the setting of a £1bn+ budget for this year’s renewable auctions.
Spring Budget: 4 key takeaways for the energy sector Read More »
Delivering his statement in the House of Commons, the Chancellor confirmed a 45 per cent levy on the ‘extraordinary profits’ of electricity generators. But what defines an ‘extraordinary return’ and which electricity generators will be impacted? Crucially, what about reinvestment allowances? Below, Brevia unpacks some of the key takeaways from the new Electricity Generator Levy.
Chancellor’s Electricity Levy: The devil’s in the detail Read More »
After several weeks of reported delays, disagreements and leaks, the Government has finally published its Energy Security Strategy. Crucially, the Strategy provides us with an insight into the main influences and influencers of this Government. With the next general election a mere two years away, the Prime Minister appears to be moving away from the climate focus seen at COP26. Instead focusing on internal party politics and maintaining support within the Conservative . Below, Brevia has unpacked some of the telling signs of what is currently influencing Government direction on energy policy.
What the Energy Security Strategy tells us about the Government’s current priorities Read More »
The Russian invasion of Ukraine has changed the world. The ways it has done so are yet to be fully understood. Many of our post Cold War assumptions have been upended: Germany has abandoned its longstanding policy of maintaining a limited armed forces to commit €100 billion to defence spending; Switzerland has departed from its historical neutrality to apply sanctions to Russia; Finland is now openly discussing NATO membership and things we had assumed would never happen continue to do so on a daily basis. Set against the human tragedy that is unfolding in Ukraine, these events can seem small or insignificant in comparison. Nonetheless, they are likely to have enduring consequences for everyone in Europe. Particularly when it comes to how Europe, including the UK, powers itself.
Russia’s invasion of Ukraine will impact UK energy policy Read More »
The Government has delivered on its commitment to publish its remaining net zero strategy documents ahead of the COP26 Summit in Glasgow, with two weeks to spare. The Heat and Buildings Strategy, Net Zero Spending Review, as well as the overarching Net Zero Strategy were all published this week, albeit following months of delay. Publishing these documents was seen as crucial to the UK’s preparations ahead of hosting the summit. Despite this, the success of the conference continues to be riddled with uncertainty and doubts.
COP26 Update: Key Net Zero documents published Read More »
Last week Brevia Energy released the findings of its audit of the Government’s 2020 Energy White Paper. The results, which were covered by Energy Live News, highlighted how nearly half of the commitments included in the Energy White Paper have been hit or look likely to be reached. However, the research also showed that answers to the ‘Who Pays?’ question remain needed. With the Government expected to publish both its Net Zero Strategy and Heat and Buildings strategy soon, greater detail on that may be soon forthcoming. That is likely to provoke debate about the direction of policy and open new fronts for businesses to make their case about how the net zero transition should be delivered.
Energy White Paper Audit Read More »
Since the beginning of August 2021, the UK has experienced a record increase in gas prices, which has grown into a retail energy crisis that has already caused ten suppliers to exit the market this year. This crisis is the product of several factors, which the UK Government will seek to remedy in the short term and avoid in the long term. This means regulatory reforms are almost inevitable. Once the crisis is over and government turns to reforming the UK’s retail energy market, businesses that operate within it must actively engage with policymakers and regulators to ensure their voices are heard.
At-risk suppliers have put the energy supply industry at risk Read More »
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