Renewables set to keep household energy bills down

RenewableUK, the trade body for the Britain's wind, wave and tidal energy sector today welcomed the Government's first Annual Energy Statement as a ‘major step towards building long term confidence in UK energy policy.'

The Statement delivered by Chris Huhne in the House of Commons reconfirmed the Government's long-term commitment to expanding renewable energy, with the announcement of a Renewables Delivery Plan, which will map out detailed milestones to the delivery of the UK's 2020 renewable energy target.

Maria McCaffery MBE, RenewableUK Chief Executive said: "This statement is good news for renewables and the UK as a whole - the 2050 pathways work shows that wind and renewables will be at the heart of the UK's energy mix for the long term.

She added ‘The Government new figures on cost impact show beyond a shadow of a doubt that wind is not only good for the environment and jobs but for consumers too."

The Statement also outlined new Government figures which show that a combination of increased supply from renewable energy and improved energy efficiency measures will help keep household energy bill rises to 1% at oil prices of $80 per barrel (comparable to today's $77) or even see a 5% cut if prices rise to $150.

Fully one third of the UK's current electricity generating stock is due to be permanently retired and will have to be replaced over the next decade. With the new generation of nuclear unlikely to come on stream by 2020, and clean coal technology not yet commercially viable the choice in replacing them lies largely between a new ‘Dash for Gas' or a major expansion in renewable energy.

The UK has just become a net importer of gas, and by 2020 we are expected to be importing between 80-90% of our supplies. With world gas prices expected to rise, Ofgem the Government's independent energy watchdog last year predicted 60% bill increases if we fail to move to renewables.

RenewableUK also welcomed other measures outlined in the Statement, including a proposed review of Ofgem's function to ensure that it is fit for purpose in overseeing the upgrading of the UK's aging grid infrastructure and the commitment to improve access of renewables to the grid by introducing a ‘connect & manage' scheme, which will particularly benefit onshore projects. The industry also welcomed the extension of the temporary rules governing the creation of a new grid network to connect the UK's offshore wind sector to encompass a new batch of schemes, as well as a new consultation on the plans for a new permanent regime.

However, RenewableUK also called on the Government to move quickly to raise its target for the amount of offshore wind it expects to see installed by 2020 from 12GW to over 20GW, to ensure a big enough UK market to justify the opening of new factories in Britain, creating between 60,000-70,000 new UK based jobs.

McCaffery added "We welcome the Statement's 40 year vision for a low carbon energy future but it is decisions taken in the next few years which will decide whether Britain gets a green job bonanza. The good work represented by this Energy Statement risks being undermined by a lack of ambition on offshore wind delivery.

"We want to work with the Government to make sure that we tackle the obstacles we face in the delivery of the 2020 targets such as aviation objections, slow planning decisions and a lack of grid connections. The Statement today makes it easier to do just that."

Similar Entries

Energy Taiwan is the largest and most professional renewable energy trading platform in Taiwan

Energy Taiwan is jointly organized by the Taiwan External Trade Development Council (TAITRA) and SEMI. The event will take place from October 16-18, 2019 at the Nangang Exhibition Center Hall 1. The exhibition will feature four major energy themes, PV Taiwan, Wind Energy Taiwan, HFC Taiwan, and Smart Storage Taiwan. It is expected to attract more than 10,000 domestic and foreign buyers of related industries. Over 15 seminars will be organized during the exhibition. Energy Taiwan is the most important trading platform for renewable energy.

In the first half of 2019, solar, wind and other renewable sources accounted for 44 percent of the electricity consumed in Germany, marking a record high. Preliminary calculations by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Federal Association of Energy and Water Management (BDEW) yielded this figure. Renewables had accounted for 39 percent of electricity consumption in the first half of 2018.

Thermal Energy Storage Market

Favorable government initiatives toward renewable energy based power generation along with increasing demand for uninterrupted power supply will augment the thermal energy storage market. In addition, increasing customer focus toward energy efficiency coupled with the implementation of energy storage plans will further complement the industry landscape.

Stewart Mitchell and Mikkel Lund

Sparrows Group has seen its position in the renewables market strengthened one year on from the acquisition of Alpha Offshore Service. The company confirmed that Danish-based Alpha’s revenue has increased by 46% in the past 12 months.