Interesting links, articles, news and blog posts sent out to members on 24/10/22.
News: UK government ‘must abandon energy market power grab’ – Renews
21 October 2022. The chief executives of several big energy companies have jointly called on the UK government to shelve plans they say would undermine independent regulation and give ministers “extensive” new powers over the sector:
Link: https://renews.biz/81292/uk-government-must-abandon-energy-market-power-grab/
News: Energy prices will not return to normal this decade, warns Cornwall Insight – City AM
19 October 2022, Nicholas Earl. Energy prices will not return to pre-crisis levels by the end of the decade, according to the latest data from Cornwall Insight. The data specialist does predict a drop in prices from late next year, as gas prices fall from current peaks:
Link: https://www.cityam.com/energy-prices-will-not-return-to-normal-this-decade-warns-cornwall-insight/
News: Highest level of gas-fired electricity generation produced in Britain since 2011 in Q3 – Current News
19 October 2022, Molly Lempriere. Britain produced its highest level of gas-fired electricity generation since 2011 in the third quarter of 2022, according to new analysis from EnAppSy:
News: Crunch Commons vote on fracking descends into farce – BBC News Online
19 October 2022, Peter Walker, Aubrey Allegretti and Pippa Crerar. More than 40 Tories fail to back Liz Truss’s government amid allegations MPs were manhandled:
Link: https://www.theguardian.com/politics/2022/oct/19/crunch-commons-vote-on-fracking-descends-into-farce
News: Experts say energy bills will stay high despite gas price slump – City AM
18 October 2022, Nicholas Earl. Don’t expect energy bills to revert to normal levels this winter, warn experts, despite the recent easing of gas prices across UK and European spot markets:
Link: https://www.cityam.com/experts-says-energy-bills-will-stay-high-despite-gas-price-slump/
Research and analysis: Energy and emissions projections: 2021 to 2040 – Department for Business, Energy & Industrial Strategy
18 October 2022. Projections of energy demand, greenhouse gas emissions and electricity generation from 2021 to 2040:
Link: https://www.gov.uk/government/publications/energy-and-emissions-projections-2021-to-2040
Commons Debate: Energy Prices Bill – Parallel Parliament
17 October 2022. Second reading of the Energy Prices Bill moved by The Secretary of State for Business, Energy and Industrial Strategy (Mr Jacob Rees-Mogg):
Link: https://www.parallelparliament.co.uk/debate/2022-10-17/commons/commons-chamber/energy-prices-bill
Research briefing: Delivery of floating offshore wind projects – House of Commons Library
Westminster Hall debate Tuesday 18 October 9.30am on delivery of floating offshore wind projects. The debate will be opened by Stephen Crabb MP:
Link: https://commonslibrary.parliament.uk/research-briefings/cdp-2022-0168/
Research briefing: Energy Prices Bill 2022-23 Research Briefing – House of Commons Library
14 October 2022. The Bill will allow the Government to provide support with energy costs by putting Energy Price Guarantee schemes on a statutory footing, facilitating the delivery of the Energy Bills Relief Scheme and enabling equivalent schemes to be delivered in Northern Ireland:
Link: https://researchbriefings.files.parliament.uk/documents/CBP-9642/CBP-9642.pdf
News: Government sets out plans to decouple power and gas prices in new Energy Prices Bill – Current News
11 October 2022, Molly Lempriere. Government announces plans to sever the link between renewables, nuclear and gas prices in new Energy Prices Bill:
News: Power giants to face windfall tax after all as Liz Truss delivers U-turn – Guardian Online
11 October 2022, Julia Kollewe and Alex Lawson. Prime minister accused of ‘another screeching U-turn’ having previously rejected calls to impose levy:
News: Energy use advice campaign pulled due to cost, Zahawi says – BBC News Online
9 October 2022, Tom Espiner. A public information campaign to help people reduce energy bills this winter was pulled by No 10 on the grounds of cost, a cabinet minister has said:
Link: https://www.bbc.co.uk/news/business-63191791
News: Energy Security Bill is under review, Minister confirms – Edie.net
6 October 2022. The government is reviewing the Energy Security Bill, recently-appointed climate minister Graham Stuart has confirmed to edie’s sister title Utility Week:
Link: https://www.edie.net/energy-security-bill-is-under-review-minister-confirms/
News: Liz Truss’s oil and gas plans ‘impossible’ within UK’s carbon budgets – Edie.net
6 October 2022, Sarah George. Should the UK Government press ahead with licences for more than 100 potential new oil and gas fields in the North Sea, the resulting emissions will see the nation failing to adhere to its carbon budget for 2023-2037:
Link: https://www.edie.net/liz-trusss-oil-and-gas-plans-impossible-within-uks-carbon-budgets/
Research briefing: Energy costs in Wales – House of Commons Library
6 October 2022. A Westminster Hall debate on Energy costs in Wales is scheduled for Tuesday 11 October 2022, from 4.30 – 6pm. The debate will be led by Anna McMorrin MP:
Link: https://commonslibrary.parliament.uk/research-briefings/cdp-2022-0158/