Authors Ed Birkett

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Ed Birkett
Ed Birkett
@ed_birkett
UK Energy White Paper is here.

I'll tweet the key points here👇

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Link to press

UK commits to an Emissions Trading Scheme (ETS) from 1 January 2021.

Seems like a win for @beisgovuk, as @hmtreasury was known to be keen on a carbon tax

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Exploring the RAB model for new nuclear, as per @emilygosden article in @thetimes this

From press release, doesn't look like that many big new measures. Not surprising, as next year we're expecting:
▶️ Heat & Buildings Strat
▶️ Industrial Decarb Strat
▶️ Hydrogen Strat
▶️ Net Zero Strat
▶️ Transport Decarb Plan

And

A couple of hours later, and the White Paper is now here.

Powering Out Net Zero Future.

Details to follow
GOVERNMENT
Ed Birkett
Ed Birkett
@ed_birkett
What's in the EU-UK Brexit deal on energy?

It may be Boxing day, but I've had a quick look

Title VIII: Energy is the key section (page 156 onwards)

▶️ Standard stuff on commitment to competition, unbundling and customer choice

▶️ UK Capacity Market no longer needs to try to integrate overseas Capacity providers & vice versa

(Article ENER.6, Clause 3, page. 160)

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▶️ Existing "exemptions" for selected interconnectors will continue to apply.

This means that these interconnectors can continue to sell capacity rights ahead of time, rather than all through close to real-time markets.

(Article ENER.11, page 162)

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▶️ No network charges on individual interconnector transactions (as now)

▶️ But, UK cannot participate in EU procedures for capacity allocation and congestion management (more on this later)

(Article ENER.13, page 163)

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Gas trading: looks like the UK stays in the existing PRISMA gas trading platform.

Not my specialist area, but is this because PRISMA isn't an EU institution (unlike electricity market coupling)?

https://t.co/5GQJtZDpTa

(Article ENER. 15, page 164)

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BREXIT