Policy and Regulation Update July 2022

Policy and Regulation Update July 2022

The Government's and Ofgem's latest energy policy and regulation updates as of 1st July 2022 The energy industry is fast-moving and reactive to a volatile and changing market. As such, policies and regulations are updated to modernise the grid, and processes, to reduce costs and emissions. Below are some of the latest headline policies and [...]
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Electric Vehicle Sales Continue to Boom but can Mineral Supplies keep up?

The sales of electric vehicles are hitting record numbers, and forecasts show increasing growth to support clean energy pledges, but can key minerals required for EVs struggle to meet this demand? The electric vehicle (EV) market has proven to be one of the most dynamic in clean energy over the past few years. As the [...]
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Renewable Energy Success in World-First Trial to Self-Start the National Grid

A successful live trial in Galloway, Scotland, for renewable generators could begin the blueprint for incorporating renewable energy sources to start-up the National Grid. The Nation Grid ESO has been exploring ways to incorporate renewable energy sources into every area of the UK energy network. One of these areas includes the jump-starting of the entire [...]
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National Grid to Reduce Energy Bills with Early £200 Million Interconnector Revenues Payment

Ofgem has approved the National Grid to make an early payment for interconnector revenues to assist in reducing energy bills over the next 2-years. The Nation Grid has offered to pay £200 million ahead of its standards 5-year review period schedule for interconnector revenues. This payment will enable the operator to play their part in [...]
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National Grid ESO Forecasts Safe and Secure Energy Summer Outlook

In their latest annual Summer Outlook report, the national grid ESO has forecasted a secure energy outlook despite ongoing threats to global supplies. With the ongoing global energy crisis, the ESO has taken additional analyses and scenarios to forecast the UK’s energy security as accurately as possible entering the summer period. There will also be [...]
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The NeuConnect UK-Germany Interconnector Project Progresses

The 1.4GW NeuConnect will be the first interconnector linking the UK and Germany and will be capable of providing power to 1.5 million UK homes. After years of surveys, procurement, planning applications and approvals, the NeuConnect is moving forwards with awards for over £1.5 billion in major contracts and the appointment of Arup-Fichtner to oversee [...]
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Renewable Generators get Green Light from National Grid for Support Services

The National Grid ESO’s green light to modify the ‘grid forming’ code marked a world-first achievement and critical milestone for a net-zero system. Earlier in the year, the National Grid ESO announced that, for the first time, they could procure grid stability services, such as inertia and frequency support, from renewable generators. In a critical [...]
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The 10-Point Plan to Reduce the EU’s Reliance on Russian Gas

The IEA has released a report to help the European Union reduce its reliance on Russian gas amid Eastern tensions, which have damaged supply security and significantly impacted the wholesale markets. In 2021, Europe imported 155 billion cubic meters (bcm) of Russian gas, 45% of its total gas imports and 40% of its total gas [...]
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UK Solar PV Capacity Hits 6-Year Growth Record

UK Solar PV has a bright future after shinning growth in 2021. In 2021, UK solar PV capacity installations reached 730MW, a significant achievement for renewable energy. In perspective, this represents a 36% growth increase compared to 2020, from 538MW, and brings the total UK capacity to 14.6GW, a 5.3% increase from 2020. The solar [...]
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IEA Reports the Dangerous Demand Increases of 2021

The latest insights from the IEA report on the rapid increase in global demand in 2021 and the implications for the market, consumers and emissions. The global electricity demand in 2021 created tight supply outlooks across the commodity markets that increased market prices and emissions to unprecedented highs. Without the rapid transition to clean electricity, [...]
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