The Non-Fossil Fuel Agency dealt over 100,000 Renewable Obligation Certificates on behalf of renewable generators to licensed Suppliers. 1ROC equates to 1MWh and the average price of the ROC for Q2 08 was £51.34.
The Non-Fossil Fuel Agency dealt over 100,000 Renewable Obligation Certificates on behalf of renewable generators to licensed Suppliers. 1ROC equates to 1MWh and the average price of the ROC for Q2 08 was £51.34. The current obligation of UK Supply companies is to supply 9.1% of their energy from renewable sources – this level is up from 7.9% last financial year. In 2007/08 the obligation was 25.6GWh of renewable energy although suppliers only managed to source 16.5million ROCs which equates to a 9GW renewable energy shortfall. For those Suppliers that do not secure ROCs they must pay into the Buy-Out fund which this year is set at £35.76MWh. This fund is then distributed proportionally to those that hold ROCs – which in turn should incentivise suppliers to secure ROCs. However the size of the Buy-Out fund has been increasing suggesting that Renewable Development is lagging behind targets. It seems that developers are being delayed by planning, grid access and securing finance, but also because they wait clarification from Government where its renewables strategy has suggested that different forms of renewable energy should earn different levels of ROCs.
08 May 2007
The US green market is developing even if the polictical world is stalling. read more...
22 March 2007
Chancellor dabbles with green economics but really only dabbles. read more...
12 March 2007
The green debate will hot up but don't be fooled there is still a long way to go before we really know what is going on. read more...
23 January 2007
The long run marginal cost is only useful for existing plant, but players must understand that new build and new technology has to be planned for. In the old days under nationalised industries this was a rolling plan. Now markets have to provide this level of help. Therefore cycles of rises and falls are inevitable. read more...
15 September 2006
The UK Government has published details of its planned £1bn energy research institute. With a mix of private and public funding, the Energy Technolgies Institute aims to pool expertise across the sector. read more...
Solar in the UK - Not So Bright
DECC has published the Comprehensive Feed-in Tariff (FiT) document and at the same time, many say, put a nail in the coffin for the Solar Industry in the UK. With the FiT rate for Solar Power to be cut by more than 50%, and with a proposal that eligibility to the scheme should be linked to a minimum energy efficiency requirement - many fear that this will be the end for the industry read more...
01 November 2011
DECC has published the Comprehensive Feed-in Tariff (FiT) document and at the same time, many say, put a nail in the coffin for the Solar Industry in the UK. With the FiT rate for Solar Power to be cut by more than 50%, and with a proposal that eligibility to the scheme should be linked to a minimum energy efficiency requirement - many fear that this will be the end for the industry read more...
Investing in the Future
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer? read more...
11 June 2010
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer? read more...
Labour's Pre Budget Report - Good News for the Bingo Players!
Labour's Darling delivered his (probably last) pre budget report which included a range of measures to "tackle" the country's balance sheet. Among a range of tax raising measures, it was heartening to see that the Bingo players out there will see duty fall 2% to 20%! read more...
09 December 2009
Labour's Darling delivered his (probably last) pre budget report which included a range of measures to "tackle" the country's balance sheet. Among a range of tax raising measures, it was heartening to see that the Bingo players out there will see duty fall 2% to 20%! read more...
Budget day sees the UK set lead on carbon
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. read more...
22 April 2009
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. read more...
Dong buy Severn Power
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
10 March 2009
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
Green Investment Bank still a Concept
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept. read more...
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept. read more...
Queens Speech: Energy Bill Outlined
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill. read more...
25 May 2010
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill. read more...
Government announces Green Investment Bank
in the last budget before a general election, the Government unveiled plans to set up a Green Investment Bank that will control £2bn worth of equity. Initial focus will be investments in green transport and sustainable energy. read more...
24 March 2010
in the last budget before a general election, the Government unveiled plans to set up a Green Investment Bank that will control £2bn worth of equity. Initial focus will be investments in green transport and sustainable energy. read more...
Nothing's Joined Up
Sometimes you get so caught up in the detail that it is only when you step back that you realise that nothing appears to be joined up. With such mixed signals it is surprising that anything is achieved at all. In this instance we are talking about the UK's Climate policy! read more...
01 March 2010
Sometimes you get so caught up in the detail that it is only when you step back that you realise that nothing appears to be joined up. With such mixed signals it is surprising that anything is achieved at all. In this instance we are talking about the UK's Climate policy! read more...
Dong buy Severn Power
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
10 March 2009
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
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