The Government’s flagship scheme to secure Britain’s electricity supplies risks missing out on savings of £750m a year by ignoring an emerging power technology which also produces heat. By blocking combined heat and power (CHP) plants from the UK’s capacity market auctions the scheme is “failing business” by making it more expensive to cut carbon emissions, according to a new report. Around 2,000 factories and businesses have so far adopted CHP to cut an estimated £375m from their total annual bills. But despite these savings the Government has blocked CHP from its capacity market auctions, putting the brakes on further benefits. Fresh data from the Association for Decentralised Energy (ADE) has revealed that giving CHP the same support as traditional gas plants could more than double its capacity from around 5.5GW to 13GW in a major boost for the UK’s bid to secure investment in low carbon energy and boost post-Brexit productivity.
Telegraph 4th July 2017 read more »