• Tidal Lagoons Are Uneconomic

    • Date: 12/01/17
    • Dr John Constable: GWPF Energy Editor

    Mr Hendry’s report implicitly recommending that the UK government support the £1.3 billion Swansea Tidal Lagoon project presumably moves the scheme one step closer to realisation. However, the headline facts show that there is no justification for compelling UK consumers to de-risk the scheme for its projectors. The principal and overwhelming disadvantage of most renewable […]

    Read more
  • Andy Shaw: Fracking Is The Future

    • Date: 11/01/17

    We need to remake the case for progress and plenty. A retired vicar from Lancashire, Reverend Michael Roberts, has scored a small victory for human progress. He challenged the myths promoted by environmentalist campaigners, Friends of the Earth (FoE), and won. The battle began when Roberts happened upon an FoE leaflet, which fell out of […]

    Read more
  • Subsidies to Renewables: Lessons from Northern Ireland’s Renewable Heat Fiasco

    • Date: 06/01/17
    • Dr John Constable: GWPF Energy Editor

    Students of subsidy mechanisms will learn a great deal from the Northern Ireland’s collapsing version of the Renewable Heat Incentive, which is now collapsing in a storm of political controversy. The Northern Ireland RHI (NIRHI), was modelled on the RHI applying elsewhere in the UK, and introduced in 2012 to encourage the uptake of renewable […]

    Read more
  • The Social Cost of Carbon

    • Date: 17/12/16
    • Dr John Constable: GWPF Energy Editor

    The Social Cost of Carbon (SCC) is the single most important tool in evaluating the effectiveness of climate change mitigation policies, such as subsidies to renewables. However, the UK government has quietly ceased to use this measurement, almost certainly because after a decade of subsidy the policy cost per tonne saved is still greatly in […]

    Read more
  • UK Capacity Market Auction Results

    • Date: 09/12/16
    • Dr John Constable: GWPF Energy Editor

    The publication of auction results for the latest round of the Capacity Market in the UK for 2020/21 have been released. The market cleared at a price of £22.50/kW, somewhat up on the last round’s £18/kW, implying total consumer costs in this round amounting to approximately £2bn. It was long a criticism of the UK’s New […]

    Read more
  • New Realism on UK Renewables Subsidies

    • Date: 23/11/16
    • Dr John Constable: GWPF Energy editor

    Frank discussion of the disadvantage of subsidy costs to renewables is now increasingly commonplace in Britain, amongst parliamentarians and others. This is extremely positive, and should give courage to government. But there is more to the full costs of these policies than income subsidies, and it is crucial that the Department of Business does not […]

    Read more
  • UK Electricity Reform Stalls

    • Date: 13/11/16
    • Dr John Constable: GWPF Energy Editor

    The UK’s new secretary of state for Business, Greg Clark, has just given his first public speech on energy. It suggests, unfortunately, that he is not yet sufficiently confident of his brief to resist the views of his civil servants. Indeed, this speech could easily have been written for Ed Miliband, or Chris Huhne, or […]

    Read more
  • UK Court Rules on Unwinding Of Renewable Energy Subsidies

    • Date: 06/11/16
    • Dr John Constable: GWPF Energy Editor

    The Court of Appeal recently upheld the government’s right to cancel the Climate Change Levy (CCL) exemption for renewable generators. In effect this is a retrospective removal of subsidy entitlement, and should remind investors that even a seemingly secure economic rent will collapse when push comes to shove. This has significant implications for the Carbon Price […]

    Read more
Back to top More articles: