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Industry News Roundup September 2019

Friday 13/09 – SSE announces that it has entered into an agreement to sell its SSE Energy Services business to OVO Energy, at a value of £500mn. Overnight in to Saturday drone attacks on two major facilities run by state-owned company Aramco cut Saudi Arabian oil and gas production following by half.

Thursday 12/09 – BEIS consults on changes to the Smart Energy Code and the DCC Licence to facilitate the enrolment of SMETS1 meters into the DCC network. First Minster for Wales Mark Drakeford announces £12mn of EU funding for a full-scale prototype of Marine Power Systems’ WaveSub project.

Wednesday 11/09 – The government’s Operation Yellowhammer report on the consequences of a worst scenario no deal Brexit states, “demand for electricity will be met and there will be no disruption to electricity of gas interconnectors.” The Scottish government proposes all public sector bodies to reduce greenhouse gas emissions to zero and publish annual updates on their progress. The GMB union criticises the government’s approach to the zero carbon economy as “negligent at best, vindictive and cruel at its worst” and calls for a green revolution to create jobs and transform “blighted” communities.

Tuesday 10/09 – Wholesale energy prices in the GB market and across Europe surge amid a series of adverse developments affecting production and flows across the Continent. Ofgem releases National Grid ESO’s technical findings report concerning 9 August’s transmission outage. The Treasury unveils over £400mn investment in green technologies to support its net zero ambitions. 24 of the largest electrotechnical manufacturing companies in the UK announced a major commitment to reduce their emissions to net zero by 2050.

Monday 09/09 – The government publishes its response to the Welsh Affairs Committee’s Third Report of Session 2017 – 2019 on the suspension of work on Wylfa Newydd nuclear power station. BEIS confirms that it is working alongside EDF Energy and the Nuclear Decommissioning Authority to consider how cost-effective decommissioning of EDF Energy’s stations can be planned for and delivered. The government announces that it is to reschedule its Green Great Britain (GB) and Northern Ireland (NI) campaign.

Friday 06/09 – Chair of the Science and Technology Committee Norman Lamb calls for the Government to develop a strategy for decarbonising heating. Small supplier Eversmart Energy ceases to trade. Ofgem releases its first working paper on the Network Access and Forward-Looking Charges review, covering options for access rights for distribution and transmission, alongside options for improving the locational accuracy of distribution charges.

Thursday 05/09 – The Renewable Energy Association launches the final instalment of its Industry-led Bioenergy Strategy, which delivers a comprehensive list of policy actions needed to meet the UK’s climate goals. Ofgem announces that ENGIE Global Markets has been fined over £2.1mn for engaging in the manipulation of the wholesale markets.
Wednesday 04/09 – Chancellor of the Exchequer Sajid Javid delivers 2019’s Spending Round to Parliament with BEIS receiving an extra £30mn to accelerate progress on developing decarbonisation schemes. The Environmental Audit Committee holds the first evidence session of its Net Zero Government inquiry to focus on how the UK government sets and performs against its own targets. Day-ahead gas prices fall below 20p/th for the first time in 10 years. Winter 2019 touches two-year lows below 45p/th. Wholesale power prices also reach multi-year lows.

Tuesday 03/09 – First Minister Nicola Sturgeon tables a Programme for Government that sets out the Scottish government’s next steps to tackle climate change. Research by the Grantham Research Institute states that the government has an opportunity to show true commitment to achieving net zero by tackling transport sector emissions. Ørsted officially opens its Hornsea Two Offshore Construction Base (HTOCB) at Humberside Airport.

Monday 02/09 – In a media interview National Grid CEO John Pettigrew states that holding 2,000MW of additional power in reserve, rather than 1,000MW “could have prevented” the recent power cut but would “cost up to an additional £1bn a year to achieve.” Muirhall Energy confirms plans to partner with WWS Renewables to develop the 46MW Crossdykes Wind Farm in Dumfries and Galloway in a potential subsidy-free development. The University of Aberdeen announces ambitions to create a new Centre for Energy Transition.

Written By Graham Paul


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