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Industry News Roundup March 2023

Friday 17/03 – Ofgem publishes it minded-to decision to reject proposals CP357, CP358, CP360 and CP367, with the support of the Capacity Market Advisory Group (CMAG), without consultation.

Thursday 16/03 – The government announces a total budget of £205mn for the fifth allocation round (AR5) of the Contracts for Difference (CfD) scheme.

Wednesday 15/03 – The UK Government publishes its Spring Budget 2023 confirming that the current level of the Energy Price Guarantee (EPG) will be maintained at £2,500 through April to June.

Tuesday 14/03 – Ofgem publishes a letter sent to the Chancellor of the Exchequer, providing an update on the evidence gathered so far in its review of the non-domestic market.

Monday 13/03 – DESNZ issues a consultation on its proposals for updates to the 2009 Carbon Capture Readiness requirements.

Friday 10/03 – The government announces that the UK and French governments have signed a new deal to help both nations achieve greater energy security by moving away from fossil fuels and towards renewables and nuclear power.

Thursday 09/03 – The Climate Change Committee publishes a new report, Delivering a reliable decarbonised power system.

Wednesday 08/03 – Citizens Advice announces it is calling on the UK Government to introduce an energy social tariff by 2024 to provide support to people struggling as a result of high energy bills.

Tuesday 07/03 – DESNZ and BEIS publish the responses to its consultation on its review of electricity market arrangements (REMA).

Monday 06/03 – The government announces that four new projects have been awarded funding, as part of the Evaluation Task Force’s Accelerator Fund, to help test and evaluate new approaches within government.

Friday 04/03 – Ofgem publishes its decision to reject DCP409 Change to Credit Cover Calculations to Include Last Resort Supply Payment.

Thursday 02/03 – DESNZ awards over £9.7mn to make heat pumps cheaper and easier to install as part of government efforts to accelerate the rollout.

Wednesday 01/03 – The National Audit Office (NAO) issues a report in which it examines the main challenges that the Department for Energy Security & Net Zero (DESNZ) faces to decarbonise power.

Written By Graham Paul


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