Energy

As the Department for Energy Security and Net Zero continues to re-establish itself in this new Government, Brevia Energy brings you the top three developments in energy this week.

The Department for Energy Security and Net Zero (DESNZ) has published the results of Allocation Round 6 (AR6) of its annual Contracts for Difference auction. AR6 comes at a pivotal moment, with the Labour Government working to deliver its ambitious 2030 clean power mission. While AR6 has secured record-breaking additional renewable capacity across a range of technologies, the outcome highlights the significant challenges that lie ahead for the Government.

The ministerial team for the Department for Energy Security and Net Zero (DESNZ) has now been finalised. The team brings together a range of parliamentary and professional experience and are tasked with delivering Labour’s most ambitious aim for Government, delivering a clean energy system by 2030.Below, Brevia Energy provides an overview of the newly appointed DESNZ ministers, their backgrounds, and the policy decisions they will be facing as part of their new roles.

The Brevia Energy team has launched a Labour Party Manifesto Progress Tracker. This document will monitor the progress of the Government in fulfilling energy policy commitments contained in the Labour Party Manifesto 2024.

From overturning the onshore wind ban, to appointing Chris Stark to oversee the 2030 clean power target and approving three large-scale solar farms, the Labour Government is already acting at pace towards delivery of its clean power mission. In this article, Brevia Energy looks at the key announcements to watch out for in the King’s Speech.

With less than six years to go, the new Energy Secretary, Ed Miliband MP, will need to hit the ground running if the Party is to deliver on its key aim of clean power by 2030. In this article, Brevia Energy looks at one immediate decision that a Labour Government can take to turn ambition into action.

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.

‘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.

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.

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.