Huhne outlines electricity market reform

Web MasterEnergy Efficiency, Utilities Market Regulation, Wholesale Utilities Markets

UK Energy Secretary Chris Huhne unveiled proposals set to bring about the biggest reforms since privatisation. The UK government announced on Tuesday that the UK’s energy infrastructure will need £110bn of investment to keep the lights on. Chris Huhne told parliament that without reform and substantial financial investment, the country will be facing blackouts.

Huhne announces 50% carbon reduction by 2025.

Web MasterEnergy Efficiency, Utilities Market Regulation

Energy Secretary Chris Huhne has committed the UK to halving carbon emissions by 2025, from 1990 levels. The Energy Secretary announced yesterday that ministers have accepted the Committee on Climate Change‘s proposal to reduce the UK’s carbon emissions by 50% by 2025 – the biggest commitment of any EU country so far. The secretary, briefing MPs on the 4th carbon … Read More

MPs say reforms are hiding nuclear subsidies

Web MasterEnergy Efficiency, Utilities Market Regulation

A committee of MPs has said in a report released today that the planned reforms to the energy market are hiding subsidies for nuclear power The coalition government’s planned reforms of the energy industry are hiding subsidies for nuclear power, says the Energy and Climate Change Committee (ECCC). The committee claims these covert subsidies are betraying the previous promise that … Read More

CBI warns UK of green energy failure

Web MasterBusiness Electricity, Business Gas, Energy Efficiency, Utilities Market Regulation, Wholesale Utilities Markets

The Confederation of British Industry (CBI) has warned that the UK is failing to attract low-carbon investment The CBI warned today that Britain is failing to attract enough the investment required to build a low-carbon energy infrastructure. They claim that the energy sector will require £150bn of private investment alone over the next 20 years, to replace the third of … Read More

Shale gas may be dirtier than coal

Web MasterEnergy Efficiency, International, Wholesale Utilities Markets

Study suggests new method for obtaining gas from shale beds could be more harmful to the environment than coal Shale gas refers to gas obtained from shale beds through a new and more complex process of hydraulic fracturing or “fracking”. “Fracking” consists of blasting water, sand and various chemicals into a shale bed two to three kilometres below ground, to … Read More