Tag: energy prices

Future UK Energy Price Support: E3G Briefing

On 17th October 2022, the UK government announced that it would U-turn on its pledge to freeze all household energy prices for two years. The Energy Price Guarantee previously meant that an average household might have expected to pay £2,500 per annum in over the next two years. With the Guarantee now set to end in April 2023, average household energy bills could rise to £3,500– £4,300 next year.

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Proposal for emergency intervention to address high energy prices: European Commission

The EU is confronted with the effects of a severe mismatch between energy demand and supply, due largely to the continued weaponisation by Russia of its energy resources. To ease the increased pressure this puts on European households and businesses, the European Commission is now taking a next step in tackling this issue by proposing exceptional electricity demand reduction measures, which will help reduce the cost of electricity for consumers, and measures to redistribute the energy sector’s surplus revenues to final customers. 

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EU Energy Security & Climate Action: White Paper

The white paper covers the nature of the EU’s security of supply challenge, an assessment of the levers which can address this challenge in the short- and mid-term, and recommendations on specific actions for European states to take. The analyses conducted confirm that there is a path for Europe to secure its energy supply over the next winters and into 2025, and to do so in conformity with its medium-term climate commitments.

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Europe must double its pace of wind and solar deployment: Ember

With the gas crisis and Russia’s war in Ukraine, energy security been shooting up on the top of the EU’s agenda. Seeing the urgency of reducing dependence on imported fossil fuels, the European Commission and European Union (EU) member states have increased ambition on renewable energy. However, this needs to be coupled with actual delivery through national legislation, the removal of administrative barriers, effective support schemes and increased investment.

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Taking a Hit: Indian renewables sector grapples with global supply disruptions and price uncertainties

The global supply chain disruptions, which were triggered by the pande­mic, have now es­calated owing to the Ru­ssia-Ukraine conflict and threaten to derail the progress of the sector. The pri­ces of es­sential raw materials such as pol­ys­ilicon, st­eel, copper and aluminium have in­crea­sed due to the supply shortage. Will these disruptions slow down India’s energy transition? Or will these be short-term hiccups and the country’s renewable energy sector come out unaffected throu­gh this storm?

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E3G Briefing: UK’s Home Energy Security Strategy

Ofgem has predicted that the energy price cap will hit £2,800 in October. The UK government has provided £37bn this year just to keep people afloat. Investing now in long-term, enduring solutions can prevent similar sums from being required up to 2030 and potentially beyond. The government could act now to reliably lower bills by launching a national mission to upgrade the UK’s cold and leaky homes.

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Briefing on Renewable Energy Remuneration Rules in Spain

RD-Law 6/2022 orders an extraordinary review of the parameters for 2020-2022, applicable as of 1 January 2022. The parameters will be approved in 2 months. The mechanism to adjust for market price deviations for energy produced in 2023 and subsequent years is eliminated. The declared aim of these measures is to reduce the charges of the electric system and to supposedly thereby lower the final price of the energy.

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Resolving UK’s energy price crisis

This briefing clarifies how international dynamics in the global gas market have resulted in record-high energy prices for consumers this year, and why increasing domestic supply of fossil gas is far from the simple fix to this problem that is pushed by some. As a result, the long-term solutions to the energy price crisis lie in reducing the UK’s demand for gas through the scale-up of energy efficiency programmes and clean energy investment.

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